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Who benefits from the 'Booming Economy?'

Guest Commentary


Although the U.S. mass media are awash with stories about America’s “booming economy” the benefits are distributed very unequally, when they are distributed at all. 

Buoyed by soaring corporate profits and stock prices, the richest Americans have reached new and dazzling heights of prosperity. As of May 2018, the growing crop of billionaires included corporate owners with unprecedented levels of wealth like Jeff Bezos ($112 billion), Bill Gates ($90 billion) and Warren Buffet ($84 billion).

Some families have also grown fantastically rich, including the rightwing Koch brothers ($120...

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