06/23/2026
EVEN POPE LEO WARNS US AGAINST THE HUGE WEALTH INEQUALITY WE ARE FACING.
Robert Reis puts it this way:
Friends,
“The last time Americans faced such overwhelming evidence that the monied interests were screwing them over was the Great Crash of 1929 and ensuing Great Depression, resulting in the presidency of Franklin D. Roosevelt, starting in 1933.
The one silver lining of the current Trump-Musk-Bezos-Ellison-Murdoch-Koch horror show is that most Americans now know beyond any reasonable doubt that they’re on the losing side of a class war, and are justifiably pi**ed,
America’s first trillionaire is a vicious white supremacist who’s stirring up hate around the world and backing Republican candidates with big bucks. American billionaires, meanwhile, are openly sucking up to America’s first dictator, spending lavishly on whatever he wants, and gobbling up media outlets so most Americans won’t know what’s going on.
Where has this gotten us? Workers’ share of the nation’s income has now dropped to the lowest it’s been since records began in 1947, while profits’ share is the highest since 1950 (showing up in a rip-roaring stock market).
This is morally wrong. “Income from capital risks replacing income from labor,” Pope Leo wrote in Magnifica Humanitas, his recent encyclical letter.
It’s also undermining our democracy. “America has a choice,” the jurist Louis Brandeis is reputed to have said. “We can have great wealth in a few hands or we can have a democracy, but we cannot have both.””