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HomePosts Tagged "wealth"

Stories tagged with: wealth

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Infuriated by Dems dropping minimum wage hike, progressives say ‘time for wealth tax’

Tuesday, March 2 by ABC News
BY: TRISH TURNER, ABC NEWS (WASHINGTON) — Democrats in the Senate were forced to abandon plans to increase the federal minimum wage in the face of concerns among their own ranks, united Republican opposition and because of a fast-approaching deadline cutting off time... Read More.

Black business owners must overcome obstacles to have a chance at building wealth

Monday, March 1 by ABC News
BY: DEBORAH KIM, EMILY TAGUCHI AND ANTHONY RIVAS, ABC NEWS (NEW YORK) — Josephine Bolling McCall was only 5 years old when her father was killed in 1947 in a brutal lynching on the side of the historic U.S. Route 80 in Lowndes... Read More.

JPMorgan Chase commits $30 billion to tackle racial wealth gap

Friday, October 9 by ABC News
By CATHERINE THORBECKE, ABC News(NEW YORK) -- JPMorgan Chase pledged $30 billion to help ameliorate the racial wealth gap in the U.S. and "reduce systemic racism against Black and Latinx people," the firm announced in a statement Thursday.The... Read More.

The wealth of billionaires hit a new record high of $10.2 trillion as pandemic raged

Wednesday, October 7 by ABC News
By CATHERINE THORBECKE, ABC News(NEW YORK) -- The wealth of the world's billionaires soared to a record new high of $10.2 trillion at the end of July as the coronavirus pandemic raged, according to a new report published Wednesday from... Read More.

‘Extreme inequality was the preexisting condition’: How COVID-19 widened America’s wealth gap

Monday, June 29 by ABC News
By: CATHERINE THORBECKE and ARIELLE MITROPOULOS, ABC News (NEW YORK) -- The novel coronavirus pandemic has only exacerbated income inequality, experts say, stretching the racial wealth gap in the United States and making the richest wealthier while leaving many of the poorest... Read More.

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