@madeindex I keeping thinking how solving World Hunger was only something like $8 billion or thereabouts, this planet has it's priorities all wrong thanks to a poisonous elite 😔
Carlo Gubitosa :nonviolenza:
and 1 other
boosted
In 1950, median INDIVIDUAL income was $1,971. A median home cost $7,354. The nation spent about $83 per person for healthcare. A four-year college degree cost $852.
Do the math. 3.73 years of work to buy a house. One week of work for healthcare. Less than two months for a college degree.
In 2023, median personal income was $42,220. A median home costs $429,000. Healthcare runs $14,570 per person per year. A four-year degree costs nearly $40,000.
10.16 years of work to buy a house. Twelve weeks of work for healthcare. More than ten months for college.
https://www.americasundoing.com/p/it-works-if-you-work-it
#workingclass #classwar #poverty #wealthgap #capitalism #inflation
In 1950, median INDIVIDUAL income was $1,971. A median home cost $7,354. The nation spent about $83 per person for healthcare. A four-year college degree cost $852.
Do the math. 3.73 years of work to buy a house. One week of work for healthcare. Less than two months for a college degree.
In 2023, median personal income was $42,220. A median home costs $429,000. Healthcare runs $14,570 per person per year. A four-year degree costs nearly $40,000.
10.16 years of work to buy a house. Twelve weeks of work for healthcare. More than ten months for college.
https://www.americasundoing.com/p/it-works-if-you-work-it
#workingclass #classwar #poverty #wealthgap #capitalism #inflation
Alex Akselrod
boosted
…The Wall Street Journal reported this week that some #FannieMae #ethics & #oversight officials who were fired last month had been investigating whether #BillPulte improperly obtained #mortgage information for #LetitiaJames, who was charged last month with bank fraud after Pulte sent a criminal referral to the #DOJ. She said the charges, which she denies, are politically motivated.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #Trump
In the Oct 11 message to Smith, Evans, the #FannieMae #mortgage executive, also added others to the email chain because they “were involved with this week’s efforts to compile this information” & he wanted to “make sure you do not exacerbate this issue.”
Danielle McCoy, Fannie Mae’s general counsel, weighed in, adding that the information Smith provided to #FreddieMac should “never be shared” & “could put the company at risk.”
Others who were part of the email chain included Almodovar, the CEO; COO Peter Akwaboah; Devang Doshi, a snr VP for capital markets; & John Roscoe, a #BillPulte loyalist & fmr #Trump White House aide, who served as #FannieMae’s executive VP of PR & operations.
Days later, Almodovar, McCoy & Evans…were out of a job. Meanwhile, Roscoe was promoted to co-president of the company, while Akwaboah was named acting CEO.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap
The 3 competing roles present the potential for a #ConflictOfInterest that is detailed in emails reviewed by AP. Like many matters of public policy in Trump’s Washington, it appears to have begun with a social media post.
In October, #Trump criticized the homebuilding industry….
“They’re sitting on 2 million empty lots, A RECORD,” Trump posted to his social media…. “I’m asking #FannieMae & #FreddieMac to get Big Homebuilders going.”
“On it,” #BillPulte posted in response on X.
…Soon, a team at #FannieMae was overseeing an effort to pull together a tranche of #mortgage data, according to emails reviewed by the AP. Smith played a central role and shared the #confidential lender-level pricing information with #FreddieMac, which set off alarms at both companies, according to the emails.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #BillPulte #Trump
…The Wall Street Journal reported this week that some #FannieMae #ethics & #oversight officials who were fired last month had been investigating whether #BillPulte improperly obtained #mortgage information for #LetitiaJames, who was charged last month with bank fraud after Pulte sent a criminal referral to the #DOJ. She said the charges, which she denies, are politically motivated.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #Trump
#BillPulte ’s power over the #mortgage lending industry is unusual. Not long after his #Senate confirmation, he appointed himself chairman of both #FannieMae & #FreddieMac, which hold trillions of dollars in assets. The companies serve as a crucial backstop for the home lending industry by buying up mortgages from individual lenders, which are packaged together & sold to investors.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #Trump
…The Wall Street Journal reported this week that some #FannieMae #ethics & #oversight officials who were fired last month had been investigating whether #BillPulte improperly obtained #mortgage information for #LetitiaJames, who was charged last month with bank fraud after Pulte sent a criminal referral to the #DOJ. She said the charges, which she denies, are politically motivated.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #Trump
Since his appointment to lead the FHFA, #BillPulte has sought to ingratiate himself with #Trump. The 37-yr-old scion of a homebuilding company fortune, Pulte has cultivated a reputation as a hyper-online millennial with a thirst for recognition & a desire to please Trump. He & his wife also donated about $1 million to Trump’s campaign….
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap
#BillPulte also has focused on large home #construction companies, which have drawn #Trump’s ire. Pulte requested #confidential #FannieMae #data & has publicly signaled that he is considering a crackdown if the companies do not increase construction volume.
“I’m looking at the Fannie Mae builder data & with the top three homebuilders we buy EASILY over $20 billion in THEIR LOANS!” he posted to X in early October.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap
“This is another example of #BillPulte weaponizing his role to do Donald Trump’s bidding, instead of working to lower costs amidst a #HousingCrisis,” said Sen. #ElizabethWarren, of Massachusetts, the ranking #Democrat on the #Senate #Banking Committee. “His behavior raises significant questions, & he needs to be brought in front of #Congress to answer them.”
#law #scammers #housing #affordability #CostOfLiving #WealthGap #Trump
The episode marks the latest example of #BillPulte using what is typically a low-profile position in the federal bureaucracy to enhance his own standing & gain the attention of #Trump. He’s prompted #mortgage #fraud investigations of prominent #Democrats who are some of Trump’s best known antagonists, including Sen #AdamSchiff of California, #NYAG #LetitiaJames & California Rep #EricSwalwell.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap
While Smith still holds her position, the senior #FannieMae officials who called her conduct into question were all forced out of their jobs late last month, along with internal #ethics #watchdogs who were investigating #BillPulte & his allies.
The dismissals rattled the #housing industry & drew condemnation from #Democrats. It also gave more evidence to support claims that Pulte has leveraged the nonpublic information available to him to further his own political aims.
“This is another example of #BillPulte weaponizing his role to do Donald Trump’s bidding, instead of working to lower costs amidst a #HousingCrisis,” said Sen. #ElizabethWarren, of Massachusetts, the ranking #Democrat on the #Senate #Banking Committee. “His behavior raises significant questions, & he needs to be brought in front of #Congress to answer them.”
#law #scammers #housing #affordability #CostOfLiving #WealthGap #Trump
Emails reviewed by The AP show that #FannieMae executives were unnerved about what one called the “very problematic” disclosure of data by Lauren Smith, the company’s head of marketing, who was acting on Pulte’s behalf.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #BillPulte #Trump
…In limiting spending on long-term #housing to just 30% of the $3.5 billion in aid — from about 90% this year — the #Trump plan would deal a crippling blow to a movement called Housing First, which once enjoyed bipartisan support & has guided federal grant making since at least 2009. Housing First programs provide subsidized apartments without preconditions to the #homeless with #disabilities — offering, but not requiring, treatment for mental health or addiction.
…The [forced] treatment-first approach, embodied by #Trump’s plan, pledges swifter action to address what it calls the “root causes” of #homelessness, like drug abuse & mental illness. But it risks consigning to worse destitution & danger those who cannot or do not comply. It also does not address another root cause of homelessness, soaring #housing costs [‼️].
#Trump #law #policy #unhoused #WealthGap #affordability #CostOfLiving #SocialCleansing #EconomicDiscrimination #plutocracy #USpol
Lisa Melton
boosted
#Trump admin renews #SCOTUS appeal to keep full #SNAP payments frozen
The request is the latest in a flurry of legal activity over how a program that helps buy groceries for 42 million Americans should proceed during the historic US govt #shutdown. Lower courts have ruled that the govt must keep FULL payments flowing, & SCOTUS asked the admin to respond after an appeals court ruled against it again late Sunday.
#law #Plutocracy #hunger #poverty #WealthGap #FoodStamps
https://apnews.com/article/snap-food-benefits-trump-government-shutdown-c633d646f08f395e7d157d1145eaf727?utm_source=onesignal&utm_medium=push&utm_campaign=2025-11-10-Breaking+News
#Trump admin renews #SCOTUS appeal to keep full #SNAP payments frozen
The request is the latest in a flurry of legal activity over how a program that helps buy groceries for 42 million Americans should proceed during the historic US govt #shutdown. Lower courts have ruled that the govt must keep FULL payments flowing, & SCOTUS asked the admin to respond after an appeals court ruled against it again late Sunday.
#law #Plutocracy #hunger #poverty #WealthGap #FoodStamps
https://apnews.com/article/snap-food-benefits-trump-government-shutdown-c633d646f08f395e7d157d1145eaf727?utm_source=onesignal&utm_medium=push&utm_campaign=2025-11-10-Breaking+News
Alex Akselrod
boosted
With little public scrutiny, the #Trump admin is handing out hundreds of billions of dollars in tax cuts to some of the country’s most profitable companies & wealthiest investors.
The #Treasury Dept & #IRS, through a series of new notices & proposed #regulations, are giving breaks to giant #PrivateEquity firms, #crypto companies, #foreign #RealEstate investors, #insurance providers & a variety of multinational #corporations.
Lisa Melton
boosted
How the #Trump Administration Is Giving Even More #TaxBreaks to the #Wealthy
The #Treasury Department & #IRS are issuing rules that provide hundreds of billions of dollars in tax relief to big #corporations & the #ultrarich.
#law #SeparationOfPowers #aristocracy #plutocracy #WealthGap #USpol
https://www.nytimes.com/2025/11/08/business/trump-administration-tax-breaks-wealthy.html?smid=nytcore-ios-share&referringSource=articleShare
With its various #tax relief provisions, the admin is now effectively adding hundreds of billions of dollars in new breaks for big businesses & investors. The #Treasury is empowered to write rules to help the #IRS carry out tax laws passed by #Congress. But the aggressive actions of the #Trump admin raise questions about whether it is exceeding its legal #authority.
#Trump & congressional #Republicans have attacked federal workers as instruments of the “deep state,” exercising power beyond anything authorized by the #law. Now the administration is doing the same thing, several #tax experts said, undermining laws that hit the #ultrawealthy & big #corporations.