Politics

I'll say this for Bernie: You always know what you're in for.

Never before in American history have so few had so much wealth and power. Today, the top one per cent owns more wealth than the bottom 93%. One man, Elon Musk, worth $805bn, owns more wealth than the bottom 53% of American households.

And that inequality is getting worse. Last year alone, after receiving the largest tax break in history from Donald Trump, 938 billionaires in America became $1.5tn richer. Since he was elected, President Trump and his family have become $4bn richer.

Never before in American history have we had such concentration of ownership. While profits soar, a handful of giant corporations dominate virtually every sector of our economy, charging higher and higher prices for the products they sell. Four Wall Street firms combined – BlackRock, Vanguard, Fidelity and State Street – are the major stockholders of more than 95% of American corporations.

Never before in American history have so few billionaires controlled what we see, hear, and read in the media – both legacy media and social media. Never before in American history have we seen a ruling class, within a corrupt campaign finance system, wield the kind of political power it has today. In the 2026 midterm elections, just 50 billionaires have already spent over $433m to influence political campaigns and buy candidates who represent their interests.