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People await help with unemployment claims at an event in Tulsa, Okla., on July 24.

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90% — And That’s Made the U.S. Less Secure

By COVID-19 (Coronavirus), News & Current Affairs

A new report shows that a $50 trillion redistribution of income to benefit the richest has made America less healthy, resilient, and secure. By Nick Hanauer and David M. Rolf, TIME — Like many of the virus’s hardest hit victims, the United States went into the COVID-19 pandemic wracked by preexisting conditions. A fraying public health infrastructure, inadequate medical supplies, an employer-based health insurance system perversely unsuited to the moment—these and other afflictions are surely contributing…

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