@guardian

#UShistory #Economics #Equality

(12/n)

...and the last year for which the #CBO has crunched data, it had dipped to 7.4%."

So, #Biden's presidency was not so democratic based on #LBJ's #GreatSociety vision, as one might have expected, due to the reduction in "egalitarian" wealth transfers.

"According to the #CBO, the legislation reduced the annual income of the poorest tenth of households by 3.1% on average – about $1,200 – while boosting the income of...

@guardian

#UShistory #Economics #Equality

(9/n)

...presidency was coming to a close, [...] strides his administration had made to curb the nation’s exorbitant income inequality in 👉“the largest investments in reducing inequality since the #GreatSociety”.👈

Indeed, by the end of 2016, 👉taxes and transfers cut the share of income accruing to the richest 1% of households by just over a fifth...more than under any government since at least #JimmyCarter’s.👈

They...

#UShistory #Economics

(5/n)

...final objective, a finished work. It is a challenge constantly renewed, beckoning us toward a destiny where the meaning of our lives matches the marvelous products of our labor.

So I want to talk to you today about 👉three places where we begin to build the #GreatSociety--in our cities, in our countryside, and in our classrooms.👈

Many of you will live to see the day, perhaps 50 years from now,..."2)

2)
presidency.ucsb.edu/documents/…

@TheGuardian

@TheGuardian

#UShistory

(3/n)

...and liberty for all.
👉It demands an end to poverty and racial injustice, to which we are totally committed in our time. But that is just the beginning.👈

The #GreatSociety is a place where every child can find knowledge to enrich his mind and to enlarge his talents. It is a place where leisure is a welcome chance to build and reflect, not a feared cause of boredom and restlessness. It is a place where the city of man serves not only the needs...

👉Condemned to plutocracy? The relentless rise of #US inequality👈

(2/n)

What gargantuan conceptual abyss lies between #LBJ's address at the #UniversityOfMichigan in 1964 + the #MAGA ideology as embodied in the #OneBigBeautifulBill of 2025!--#LyndonBJohnson had a much more egalitarian society for 2014 in mind:

"...in your time we have the opportunity to move not only toward the rich society and the powerful society, but upward to the #GreatSociety.

The #GreatSociety rests on abundance...