Why debate the coronavirus bill currently before Congress? When Congress rushed through a massive stimulus plan in 2008, it ended up bailing out big businesses but not regular people.
The bipartisan bill would ease financial challenges critics use to justify postal worker wage cuts and selling parts of USPS to for-profit corporations.
The Tax Excessive CEO Pay Act could incentivize less harmful corporate executive behavior while raising revenue that could be used to reduce inequality.
Democrats have enough heft in Congress to force floor debates on proposals that meaningfully target inequality, but they’ll need support from their moderate contingent if any real change is to occur.
Senator Sanders has introduced a bill that would ban Walmart and other big corporations from repurchasing their stock unless they narrow the gaps between CEO and worker pay.
UK Labour Party leader Jeremy Corbyn and U.S. Senator Elizabeth Warren have both launched plans to shift the balance of power from shareholders to workers, including requiring worker representation on boards.
Redistribution via the tax code, progressives on both sides of the Atlantic are realizing, only takes us so far. We need to start limiting inequality before it can dig in.