A weekly newsletter from the Institute for Policy Studies |
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Will Donald Trump actually block an inequality-fighting mayor? |
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Greed has become so rampant in the nation’s capital that the Lincoln Memorial Reflecting Pool has turned green.
On Sunday night, meanwhile, the oligarchs outdid themselves with a taxpayer-funded “fight night” wingding for the wealthy. One particularly jubilant gazillionaire attendee: David Ellison, the Paramount nepo baby CEO. Ellison had good reason for his jubilation. The Trump Justice Department had just approved his corporate empire’s latest mega media merger.
But last night, D.C. hosted quite a different and infinitely more democratic sort of gathering: a primary election party for mayoral candidate Janeese Lewis George. This postal worker’s daughter ran on an inequality-fighting agenda. She campaigned pledging to protect union rights and close business tax loopholes to pay for universal child care. Her city council record includes a tax hike on the rich to fund housing aid and raises for child care workers.
With two-thirds of votes tallied, Lewis George stands at 53 percent, 16 points ahead of her nearest challenger. In a normal year, the Democratic mayoral primary victor in this dark blue city would be starting to measure the drapes in the new mayor’s city hall office.
But we don’t live in normal times. Last week, Trump pledged a federal takeover of D.C. to block Lewis George from ever taking power. D.C. voters have shown they were unfazed by this threat to their democratic rights. Now all Americans need to have their backs. Sarah Anderson for the Institute for Policy Studies Inequality.org team |
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INEQUALITY BY THE NUMBERS |
A Big Win for Clawing Back Control Over the Gig Economy This week’s frontline faces: Drivers for rideshare apps based in Massachusetts.
What they're doing to help create a more equal world: After years of organizing by drivers and their advocates, Massachusetts recently became the first state in the nation to recognize a union representing gig workers.
Some 70,000 workers for apps like Uber and Lyft will now have an avenue for negotiating better pay, benefits, and protections. Making this union recognition possible: a 2024 ballot measure victory that created a framework for rideshare drivers to collectively bargain while remaining independent contractors.
The National Labor Relations Act, the legislation that enables traditional union bargaining, doesn’t cover independent contractors like gig workers. But both Uber and Lyft have said they will work with the newly formed App Drivers Union.
What makes this fight so important: Gig workers “should be able to see how much of each transaction goes to them — and how much the company keeps,” Michael Huggins of Color of Change has just noted on Inequality.org. All working people, he adds, “should have the ability to organize and push back.” For more on the gig worker scene from Michael Huggins, click the link below. |
States Are Taking the Lead on Taking Big Money Out of Politics
The 15 years since the infamous Supreme Court Citizens United decision essentially gave the rich and the corporations they run the “right” to spend as much as they want on political campaigns have been devastating for American democracy. Our political system, maybe more than ever before, caters to the whims of our wealthiest — and ignores the needs of working people.
Lawmakers in Washington, D.C. have done little to curb Citizens United’s democracy-warping impact. But state lawmakers, by contrast, have recently started stepping up. Hawaii, for instance, recently executed a neat end run around the Supreme Court’s damaging decision by redefining corporations to limit their ability to spend money on elections.
Other states, journalist Sonali Kolhaktar notes, can replicate Hawaii’s model. Activists in Montana are pushing a similar ballot measure, and Citizens United workarounds are advancing in other state legislatures as well. To read more about the burgeoning movement to rework our democracy, check the link below. |
Elon Musk’s latest add-ons to his personal fortune are making our inequality emergency impossible to ignore. Last week, Musk became the world’s first trillionaire after his rocket/AI company SpaceX made its U.S. stock market debut.
Musk’s wealth now roughly amounts, in today’s dollars, to 175 times the net worth of the richest American back in 1982, a stat that vividly highlights just how dramatically wealth has concentrated at our American economy’s summit. For an interactive version of the chart above and more on wealth inequality, click below to our Inequality.org Facts section. |
PETULANT PLUTOCRAT OF THE WEEK |
A Convincing Knockout Against the Billionaire on Top of the Knicks
This week’s dour deep pocket: James Dolan, the billionaire CEO of Madison Square Garden Sports, the corporate owner of the New York Knicks, the long-suffering pro basketball franchise that last Saturday won its first NBA championship in 53 years. Dolan inherited the franchise from his daddy in 1999.
What has Dolan sour: losing a high-profile blame game with New York City mayor Zoran Mamdani.
The squabble started when Donald Trump, a close Dolan buddy, decided to attend the NBA finals third game in New York. Trump’s attendance led to much tighter event security and cancelled a “watch party” for fans planned to take place just outside the Madison Square Garden arena. Trump didn’t attend the next game, but no watch party took place outside the arena for that game either.
Dolan blamed Mamdani and his police commissioner for that second watch party’s cancellation, calling them “party poopers” looking for “a convenient excuse to restrict how and when Knicks fans celebrate.”
But Mamdani quickly noted that the city had actually approved a Madison Square Garden request for a permit that would have enabled a 999-fan watch party for the NBA finals fourth game. Dolan’s MSG, Mamdani pointed out, then cancelled that party, “breaking hearts across our city.”
The last word: Mayor Mamdani did his best to mend those broken hearts. His office gained NBA clearance to stream the rest of the championship series for free on the city’s 2,000 street kiosks. Fans cheered, Dolan steamed. |
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Take a reading break to watch the Charity Reform Initiative’s Helen Flannery go long on how broken our philanthropic system has become.
David Sirota, The Oligarchs Are Not Reading the Room, The Lever. Average Americans struggle, billionaire flaunt: Mark Zuckerberg recently docked his $300 million yacht near the Seattle office where he had just made mass layoffs.
Alexa Clay, Therapy for billionaires, Aeon. Wealth can be a poison. The rich must reckon with its costs to recover their humanity.
David Dayen, Fox Solves Its ‘Death of Cable’ Problem by Buying the Modern Cable Box, The American Prospect. The two most ideologically conservative media moguls in America are setting themselves up for the post-cable future by rolling up huge oligopolies insulated from competition.
Alex Cuadros, Trump Plans to Protect Methane-Leaking Stripper Wells. This Billionaire Donor Will Benefit, ProPublica. Long one of Big Oil’s top polluters, billionaire Jeffery Hildebrand’s Hilcorp releases massive quantities of methane, a greenhouse gas that can trap 80 times more heat than carbon dioxide.
Eileen O’Grady, The Current Price of Zero: The 88 Corporations That Paid Zero in Federal Income Taxes Spent $852 Million on Political Spending, Public Citizen. Since the beginning of 2025, the CEOs of these same firms have laid off at least 21,200 workers and announced plans to lay off thousands more.
Anthony Kamande, A trillion reasons to tax the super-rich, Equals. If your net wealth sits at $1,000, counting your dollars one by one would take about 17 minutes. To count his fortune, Elon Musk would have to go at the task over 38,000 years nonstop.
Paul Krugman, Elon Musk, Human Ponzi Scheme, Substack. Elon Musk owes the enormity of his trillion-dollar fortune to investors believing in his “genius.” They’ve piled into stocks in Musk-controlled companies, and the rising value of these companies has enhanced his “genius” reputation.
Frank Hoffer, Elon Musk’s SpaceX IPO Is Funded by Other People’s Pensions, Social Europe. An IPO engineered for rapid index inclusion turns ordinary pension savers into involuntary financiers of Elon Musk’s fantasies. |
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Inequality.org | www.inequality.org | inequality@ips-dc.org Institute for Policy Studies 1301 Connecticut Avenue Ste 600 Washington, DC 20036 United States Managing Editor: Chris Mills Rodrigo Co-Editors: Sarah Anderson, Chuck Collins, Bella DeVaan, Reyanna James, and Sam Pizzigati |
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