It’s cheaper to be rich, and more expensive to be poor
A new report released this week finds that “at least 3.2 million additional people were living in poverty in 2018 than originally thought.” Under trickle-down policies, the middle class has been devastated, the rich have become richer – and low-income people are paying the price as wealth trickles up. The new report also finds that “Household income for the bottom 20 percent declined by more than 7% from 2008 to 2018, rather than the the 1% official metrics reported.”

This report is so important that we’ll be discussing its findings on our next Over/Under Live Stream this Friday at 10:30 a.m. PST/1:30 p.m. EST. Click here to get a reminder about when we’re going live.

We can’t trust the rich to even spend their money
We’re like a broken record, but new data about how much wealth the super rich hold is staggering. A new piece from MarketWatch reports that the “top 1% has run out of investing ideas, so they’ve parked $4.7 trillion in the bank." Instead of spending money on creating jobs – like trickle-downers so often claim they will do – the super rich have simply stopped investing. Instead, they’re simply hoarding more and more wealth. Despite this, trickle-downers are still claiming the rich deserve another generous tax break.

Budgets are a set of priorities
Government budgets are more than just some big numbers on a balance sheet—they're a list of priorities, explaining who and what the politicians in power care most about. So when the Trump administration tells us that their $4.5 billion cut to the SNAP program is necessary to cut costs, don’t believe them. What they mean is that poor people are not their priority. The New York Times reports that seniors, people with disabilities, and working families would see dramatic cuts to their food budget – and 500,000 children will lose access to school meals. Trickle-down economics is a shameful set of values that doesn’t care for human outcomes.

Tax me more, I'm rich (with Abigail Disney and Chye-Ching Huang)
Trickle-down economics would have you believe that the rich are job creators – the more money they have to invest in creating jobs, the better the economy is for everybody. This lie has had catastrophic effects: The top 0.1% of Americans now own more wealth than the bottom 90% of Americans combined. Walt Disney Company heir and class traitor Abigail Disney and tax expert Chye-Ching Huang are on this week to make the case for taxing the rich. Click here to listen!