January 14, 2026                                                         Home   Subscribe  Open in Browser

 

A weekly newsletter from the Institute for Policy Studies

 

THIS WEEK

Renee Good's murder at the hands of an Immigration and Customs Enforcement officer is a national tragedy. The ICE agent shot the 37-year-old mother of three three times for little more than trying to protect her community. This horrifying incident — and the 32 individuals who died in ICE custody in 2025 — remind us once again just how fundamentally violent ICE is.

Trump's ICE deployments haven't just bolstered his racist anti-immigrant agenda. They’re also weakening the labor power of migrant workers and enriching enterprises like the GEO Group. This private prison outfit received a $39 million contract from ICE last year to cage detainees in Colorado for six months. GEO’s BI Group subsidiary is now helping ICE track down and detain immigrants in a deal that could be worth up to $121 million.

The Trump gang and its allied corporate partners are working — across issues — in incredibly close collaboration. The challenge for our progressive movements: to band together to confront those connections more effectively.

Chris Mills Rodrigo
for the Institute for Policy Studies Inequality.org team

 

GREED AT A GLANCE

An ICE detention facility with the text: $75.8 million. The current value of CEO George Foley's stock holdings in ICE detention center contractor GEO Group. Foley: 2025 marked
 

FACES ON THE FRONTLINES

Amazon facility and Lenny Flatley

An Unusually Up-Close Look at Amazon's Worker-Free Future

As part of its continuing campaign to slash labor costs, Amazon has begun automating more and more of its warehouse operations. The journalist Lenny Flatley recently wrote about his experiences working at an Amazon warehouse outside Pittsburgh that’s embraced automation. Inequality.org hopped on the phone with Flatley to ask some follow-up questions about his experience.

Inequality.org: What is a “next-generation” warehouse?

LF: Everything seems to be geared towards making the individual as unnecessary as possible.

There was this moment where I was standing on a mezzanine over a conveyor belt with a big stick, and my manager said "just stand here and if any packages get stuck, just poke them with the stick." And I thought to myself, this is literally the last thing they need people for. Once they figure out how to make robots poke packages with sticks we're all out of a job.

I: What does this mean for the future of labor?

LF: More robots, less people. The warehouse I wrote about in my piece is pretty interesting in that they had tried automating, but it initially didn't work out. So they had to start relying on people again. But it's only a matter of time before they fix the bugs. I'm sure going forward they're not building anything with humans in mind.

You can read Flatley's full analysis in TruthDig at the link below.

AUTOMATED WAREHOUSES
 

BOLD SOLUTIONS

The Alternative To Waging War: Let’s Try Funding Critical Social Services

Americans are struggling mightily to pay for basic necessities that range from groceries to health care and housing. The Trump administration clearly doesn’t see addressing the cost-of-living crisis as a priority. The Trump crew has invested far more time in slashing social services and cutting taxes on the wealthy. And now the Trump administration is contemplating a full-scale foreign invasion.

Engaging in a ground war in Venezuela would be enormously costly. The most recent U.S. efforts to take over a country with force — think Iraq and Afghanistan — cost trillions of dollars. Setting aside the obvious illegality of removing a sovereign ruler from power, invading Venezuela would do absolutely nothing for Trump's own constituents. Why not spend the money on helping them instead?

PEOPLE PRIORITIES
 

CHART OF THE WEEK

A chart showing the growth of billionaire wealth from 2025.

As of January 1, 2026, the collective net worth of America’s top 12 billionaires surpassed $2.7 trillion. Their combined wealth has more than quadrupled, up from $608 billion on March 18, 2020, according to an Institute for Policy Studies analysis of Forbes real-time billionaire data.

For an interactive version of this chart and more on wealth inequality, click the link to our Inequality.org Facts section below.

DIVE DEEPER
 

PETULANT PLUTOCRAT OF THE WEEK

Larry Page

A New Motto for the Google ‘Don’t Be Evil’ Man: Don’t Be Taxed

This week’s dour deep pocket: the world’s second-richest man, Larry Page, the co-founder of Google. Page’s personal fortune has soared from $50 billion in 2019 — the year he stepped away from his Alphabet empire’s daily operations — to about $260 billion today.

What has Page petulant: a proposed one-time, 5 percent tax on California deep-pocket wealth over $1 billion that unions are now organizing to place on the state’s November ballot. Some 90 percent of the revenue from the tax will go toward providing health care services.

One Silicon Valley mega-billionaire, Nvidia CEO Jensen Huang, has already declared himself “perfectly fine” with the proposed new levy. A younger Page might have echoed that. His mantra in Google’s early days: “Don’t be evil.”

But the present-day Page spent last month furiously moving himself and his assets out of California before the new year began. The reason: If California’s billionaire tax wins voter approval this November, the 5 percent levy will apply retroactively to all billionaires in the state as of January 1, 2026.

The last word: Trump’s federal budget cuts — the spark behind California’s new tax-the-rich bid — “were designed to shield billionaires from contributing while pushing the consequences onto patients and workers,” notes former U.S. labor secretary Robert Reich. That reality makes an “emergency tax on the ultra-wealthy,” he adds, “a practical way to keep the health care system functioning.”

 

INEQUALITY BY THE NUMBERS

A demonstrator with the text: 80% The share of Americans who think the gap between rich and poor is a big problem. Source: January 2-5, 2026 Economist / YouGov Poll
 

MUST READS

What's new on Inequality.org

 

Chris Mills Rodrigo, Scams All the Way Down. In Little Bosses Everywhere, Bridget Read traces how the pyramid scheme transformed America.

 

Elsewhere on the web

 

Joseph Stiglitz, America’s New Age of Empire, Project Syndicate. The avaricious reprobates that Trumpian imperialism attracts employ market power, deception, and outright exploitation to plunder. Nations that green-light these greedy may generate wealth for a few, but they never prosper.

 

Robert Williams, Cementing the Plutocracy using Stealth Tax Policy, URPE at ASSA. U.S. household wealth has since 1989 jumped from just $17 trillion to over $139 trillion, enough if equally shared to make every U.S. household worth $1 million. But the majority of that bounty has gone instead to America’s richest.

 

Matt Stoller, Why Did Trump Just Attack the Fed and Corporate America? The BIG. Donald Trump has now pledged to crack down on the interest rates that credit card giants charge. Is his new agenda real? One clue: His administration has helped fortify the power of credit card banks, reversing mild Biden-era attempts to challenge them.

 

David Sirota, Elizabeth Warren’s Third Act, The Lever. America’s movers and shakers, senator Elizabeth Warren charged in a major address last week, want the Democratic Party to respond to the party’s 2024 losses by sucking up to the rich and powerful. But a Democratic Party that worries more about offending big donors than delivering for working people will never win.

 

Robert Kuttner, How Global Capitalism Destroys Democratic Politics, The American Prospect. Worsening economic prospects have voters everywhere frustrated. The only people who prosper from our hyper-globalization: the very rich. No wonder every national leader seems like a failure.

 

Kristen Crowell, Billionaires Want You to Blame Yourself. We Win When We Stop, Fireside Stacks. Shame isolates and silences us. Our billionaire class thrives on — depends on — our fear, our shame, and our isolation.

 

Hamilton Nolan, Prisoners of Fortune, How Things Work. The more that the fortunes of the super rich swell, the more the super rich seem to be owned by their money, and not vice versa.

 

Matthew Gardner, ‘Tax the Rich,’ Says … Mitt Romney? Institute on Taxation and Economic Policy. America’s tax code has become so unfair that now even former presidential candidate Mitt Romney is kvetching. Romney is urging an end to the giant loophole that lets the capital gains of the rich pass on untaxed to their heirs.

 

ON BILLIONAIRES AND THE REST OF US

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Inequality.org | www.inequality.org | inequality@ips-dc.org

Institute for Policy Studies
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Managing Editor: Chris Mills Rodrigo
Co-Editors: Sarah Anderson, Chuck Collins, Bella DeVaan, Reyanna James, and Sam Pizzigati

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