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Oxfam calls for 'billionaire-busting' policies, says the world's top 1% has been getting richer much faster than everyone else

The U.K. non-profit is urging governments to impose much higher taxes on the super-rich to redistribute wealth after revealing the world's top 1% has been getting more wealthy much faster than everyone else.

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Transcripts for MSNBC Velshi 20240604 13:48:00

telling organizers that it was the beginning of a new cooperation, understanding and determination by poor people of all colors and backgrounds can assert and win their right to a decent life and respect for the culture and dignity. not too long after that meeting, king arrived in memphis on march 28th, to lead a march in support of the strike of sanitation workers, with claymore church as the starting point. it is this part of his legacy, his efforts to narrow the nations class divide that is often overlooked. but, it is a divide, sadly as not only gotten larger since kings time, america out today is reaching gilded levels of inequality, with a government which is bought and paid for by billionaires, corporations and money so insidiously, we casually refer to it as dark money. this type of wealth disparity preoccupy king in the months before his death, and led him to create the poor people can campaign. he returned to memphis on april 3rd, to deliver his historic, i

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Transcripts for MSNBC Alex Wagner Tonight 20240604 04:50:00

together. in fact, progressing people of color is a threat and white people. take the student loan for example, who benefit from a historic, up to $20,000 through loan debt being canceled? well 20 million borrowers, the vast majority of whom are working in middle class people, the majority of whom are white. does attack the racial wealth disparity? yes. why? not because black people are lazy that we borrow a lot, but because a racial wealth divide that was created by public policy. the racial wealth divide that means today a black college graduate has less wealth on average than a high school dropout. the bottom line is, these policies, the idea of having a voting rates in the country where politicians don t pick their voters, but voters pick their politician, the idea of having affordable college, it is good for everybody. and yet conservatives want to break a working class multi racial coalition to make weight voter side with a color rather the class. they want to profit economically

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Transcripts for MSNBC Alex Wagner Tonight 20240604 01:51:00

example, who benefit from a historic, up to $20,000 through loan debt being canceled? well 20 million borrowers, the vast majority of whom are working in middle class people, the majority of whom are white. does attack the racial wealth disparity? yes. why? not because black people are lazy that we borrow a lot, but because a racial wealth divide that was created by public policy. the racial wealth divide that means today a black college graduate has less wealth on average than a high school dropout. the bottom line is, these policies, the idea of having a voting rates in the country where politicians don t pick their voters, but voters pick their politician, the idea of having affordable college, it is good for everybody. and yet conservatives want to break a working class multi racial coalition to make weight voter side with a color rather the class. they want to profit economically from the rigged political system, and so they

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Transcripts for MSNBC Alex Wagner Tonight 20240604 04:50:00

political, and therefore economic profit to be made by convincing white voters that anything that is good for other americans, even and including them, is somehow a threat, right? the idea, the zero-sum idea that we can t all progress together. in fact, progressing people of color is a threat and white people. take the student loan for example, who benefit from a historic, up to $20,000 through loan debt being canceled? well 20 million borrowers, the vast majority of whom are working in middle class people, the majority of whom are white. does attack the racial wealth disparity? yes. why? not because black people are lazy that we borrow a lot, but because a racial wealth divide that was created by public policy. the racial wealth divide that means today a black college graduate has less wealth on average than a high school dropout. the bottom line is, these policies, the idea of having a

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