Condemned to plutocracy? The relentless rise of US inequality
Elon Musk is a beneficiary of America’s lopsided prosperity – does the country have any appetite for redistribution? As Barack Obama’s presidency was coming to a close, Jason Furman, then chairman of the president’s council of economic advisers, laid out the strides his administration had made to curb the nation’s exorbitant income inequality in “the largest investments in reducing inequality since the Great Society”. Indeed, by the end of 2016, taxes and transfers cut the share of income accrui
Opening excerpt (first ~120 words) tap to expand
People protest against the SpaceX IPO in New York. Photograph: Sarah Yenesel/EPAView image in fullscreenPeople protest against the SpaceX IPO in New York. Photograph: Sarah Yenesel/EPAUS income inequalityAnalysisCondemned to plutocracy? The relentless rise of US inequalityEduardo PorterElon Musk is a beneficiary of America’s lopsided prosperity – does the country have any appetite for redistribution?Sun 21 Jun 2026 04.00 EDTLast modified on Sun 21 Jun 2026 04.01 EDTShareAs Barack Obama’s presidency was coming to a close, Jason Furman, then chairman of the president’s council of economic advisers, laid out the strides his administration had made to curb the nation’s exorbitant income inequality in “the largest investments in reducing inequality since the Great Society”.Indeed, by the end…
Excerpt limited to ~120 words for fair-use compliance. The full article is at the Guardian.
Discussion
0 commentsMore from the Guardian
