The Trump administration’s much-hyped initiative to help 50 million women in the developing world has allocated only $1 toward each woman.
Ivanka Trump is the public face of the “Women’s Global Development and Prosperity Initiative,” announced to much fanfare during the same week as the State of the Union address.
But so far, the initiative has only had $50 million allocated to it from the budget of the U.S. Agency for International Development (USAID).
“That’s just a dollar a year each!” said Charles Kenny, a senior fellow at the Center for Global Development.
The funds are extremely small in comparison to efforts by previous administrations.…
Reprinted with permission from Alternet.
As survey data continues to show that raising taxes on the wealthy is extremely popular among the U.S. public, new research by inequality expert and University of California, Berkeley economist Gabriel Zucman found that the richest 0.00025 percent of the American population now owns more wealth than the 150 million adults in the bottom 60 percent.
Zucman, who helped Sen. Elizabeth Warren (D-MA) develop her “Ultra-Millionaire Tax” proposal, observed in a working paper (pdf) that “U.S. wealth concentration seems to have returned to levels last seen during the Roaring Twenties.”
According to Zucman’s research, the richest 0.00025 percent—just 400 Americans—have seen their share of America’s national wealth triple since the 1980s, while the wealth of much of the U.S.…