A new report, Billionaire Bonanza 2017, shows that the three wealthiest Americans — Jeff Bezos of Amazon, Bill Gates of Microsoft, and investor Warren Buffet — have more wealth than the bottom half of all U.S. households combined. “If left unchecked, wealth will continue to accumulate into fewer and fewer hands,” says Josh Hoxie, report co-author. “The time to reverse this trend is past due.” Hoxie, a former staffer for Vt. Sen. Bernie Sanders, is director of the Project on Opportunity and Taxation at the Institute for Policy Studies and co-editor of Inequality.org. He discusses America’s new oligarchy, how the 2017 Republican tax overhaul will rob the middle class to pay the rich, and how citizens can push back. (November 29, 2017 broadcast)

Josh Hoxie, co-author, Billionaire Bonanza 2017