by Reshmi Dutt-Ballerstadt | Aug 17, 2026 | Adjunct Faculty, education, Higher Education, humanities, Inequality, Neoliberalism, Op-Ed, Student Debt
If education is indeed the great vehicle of social and economic mobility, then higher education is no longer delivering the promise of the “American dream.” In fact, this “dream” has become a fiscal nightmare. Colleges and universities saw 9,000 job cuts and buyouts in 2025, and several college closures, mergers, and looming budget crises have already been announced in 2026.
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by Derek Seidman | Jul 31, 2026 | AI, Billionaires, blackstone, data centers, Elon Musk, Inequality, Jeff Bezos, Larry Ellison, Mark Zuckerberg, News Analysis, ultrawealthy
The world’s top megabillionaires — a list dominated by Big Tech and Wall Street barons — enjoy a gamut of luxuries that are unfathomable for most of us. Jeff Bezos owns a half-billion-dollar superyacht. Mark Zuckerberg’s portfolio of lush properties that stretches from Palo Alto to Miami Beach is worth nearly as much. Elon Musk’s wealth roughly equals the gross domestic product of Ireland or…
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by Taya Graham and Stephen Janis | Jul 22, 2026 | Article, Economy and Inequality, health care, Inequality, Inequality Watch, Politics and Movements: US, Prisons and Policing, Trump
A few weeks ago, we argued the Trump administration was seeking to invent new ways to punish Americans. The idea was that the authoritarian impulses of the MAGA-run government will need to dial up the cruelty in order to sow chaos and pave the way for a broader assault on democracy.
Well, this week a rule was issued by Medicare and Medicaid services that shows just how proficient the Trump administration is at inflicting pain. And the consequences for poor, seriously ill Americans could be devastating.
Before we explain the rule, it’s worth contemplating the often destructive role healthcare — both the lack of it and exorbitant costs associated with it — play in the lives of working-class Americans.
Poll after poll shows that working people rank anxiety over healthcare costs at the top of the list of high-priority concerns. Unpaid medical bills are the most likely cause of personal bankruptcy in the US. Unlike any other wealthy nation on earth, when Americans lose their jobs, they often lose access to a doctor as well.
The US healthcare system is already inherently extractive — making it even more prohibitively expensive means more people will suffer with diseases that can be cured and die from afflictions that would otherwise be treatable. All of this makes the working class vulnerable and likewise incapable of asserting their right to be healthy.
And that’s where the new rule comes in.
The government agency that administers Medicaid has created a new criterion, ‘medically frail,’ which must be met to qualify for the program without working — even if you only have weeks to live. It didn’t exist prior to the passage
by Center on Budget and Policy Priorities | Jul 4, 2026 | Budget, GOP, Inequality, News Analysis, Trump Administration
The Republicans’ harmful megabill was enacted on July 4, 2025. As the law’s one-year anniversary approaches, families across the U.S. are beginning to experience the harms many warned that the legislation would inflict. Already, the law is raising costs for families and taking away health coverage, food assistance, and other essentials from people who are already struggling to afford to meet…
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by Jon Queally | Jun 27, 2026 | Billionaires, California, Gavin Newsom, Inequality, News, Taxes
Campaigners behind the one-time 5% billionaires wealth tax in California are calling out what they describe as trickery and deception by Democratic Gov. Gavin Newsom, who on Friday released a proposal for a national billionaire’s income tax even as he actively opposes the effort to tax the wealth of billionaires in the state that he and his party currently control. “Newsom does not want to…
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