Archives for category: Billionaires

Judd Legum at Popular Information excels at exposing scandals, many of which are in plain view. In this post, he reveals what many people have long suspected: About 10% of the employees at Walmart and Amazon qualify for public subsidies for Medicaid because they are so poorly paid. Meanwhile, the owners of Walmart and Amazon are multi-billionaires. Why don’t they pay wages that are enough to keep their employees off public subsidies?

Judd writes:

American taxpayers are spending billions every year providing Medicaid benefits to hundreds of thousands of employees of Amazon and Walmart, a new analysis by Popular Information reveals.

Amazon and Walmart are two of the largest and most profitable companies in the country — collectively generating $100 billion in profits in 2025 — but many of their employees still qualify for Medicaid because their take-home pay hovers around (or below) the poverty line.

As taxpayers keep their workers afloat, the wealth of the two companies’ largest shareholders is increasing exponentially. The Walton family, the largest shareholders of Walmart, saw their collective wealth increase from $238 billion in 2021 to $513 billion at the end of 2025. Meanwhile, Amazon founder and current executive chairman Jeff Bezos saw his net worth increase from $187 billion to $255 billion over roughly the same time period.

Popular Information calculated the public subsidy to Amazon and Walmart by cross-referencing several publicly available data sources. Last week, the Government Accountability Office (GAO) released a report examining the top 25 employers of Medicaid enrollees in six states: Georgia, Indiana, Maine, Massachusetts, Oklahoma, and Rhode Island. This provided state-level Medicaid enrollment for Amazon and Walmart workers in all six states, with the exception of Amazon in Maine.

Popular Information compared these figures to the total number of employees working for Walmart and Amazon in each state, sourced from company disclosures, to establish an average Medicaid enrollment rate for each company. The average Medicaid enrollment rate was then used to establish an estimated Medicaid enrollment for employees of each company in the remaining states.

Finally, the estimated number of employees receiving Medicaid in each state was multiplied by that state’s average annual cost of a non-elderly, non-disabled Medicaid enrollee, as published by the Medicaid and CHIP Payment and Access Commission (MACPAC).

Using this methodology, Popular Information estimates that, nationwide, over 156,000 Walmart employees are enrolled in Medicaid at an annual cost to taxpayers of approximately $1.04 billion.

This figure significantly understates the true cost of Medicaid for Walmart employees to taxpayers. First, the calculation only includes the direct cost of Medicaid for the employees themselves. But Walmart’s low wages for these employees also makes their families eligible for Medicaid. Taking into account dependents, the cost to taxpayers would roughly double. Further, the most recent data on Medicaid cost per enrollee from MACPAC is from fiscal year 2023. Costs for 2025 and 2026 are likely significantly higher.

In Walmart’s 2026 fiscal year, then-CEO Doug McMillon was paid over $29.2 million in total compensation while the median Walmart worker earned $30,520 — a ratio of 958 to 1. The earnings of an average worker put them well below the cutoff for Medicaid eligibility for a family of three.

For Amazon, the same methodology finds that an estimated 123,000 Amazon employees are enrolled in Medicaid at a cost to taxpayers of $927 million.

Amazon CEO Andy Jassy was given a massive compensation package of $212 million in 2021, mostly in stock that vests over 10 years. Jassy’s compensation has been smaller since; he was paid another $2.1 million in 2024. Meanwhile, the median Amazon employee earned $40,206 that year. This global number includes the many higher-paid technical employees who work at Amazon. Warehouse workers in the United States, and others in blue collar positions, make much less, making them eligible for Medicaid.

“Amazon is one of the largest job creators in the country, so looking at raw numbers instead of percentages is misleading,” an Amazon spokesman said in response to Popular Information’s request for comment. “Also, eligibility for both SNAP and Medicaid is based on total household income and family size, not individual wages or benefits – so employers that offer part-time options for those who want them, like we do, are likely to have more people who are eligible.”

While Walmart ranked first in terms of “raw numbers” of employees on Medicaid, Amazon had a higher percentage of its workforce on Medicaid (11.7%) than Walmart (9.4%).

Not everyone who works parttime does so by choice. In June 2026, 4.7 million “individuals would have preferred full-time employment but were working part time because their hours had been reduced or they were unable to find full-time jobs,” according to the Bureau of Labor Statistics. Moreover, according to the GAO, 66.1% of employed individuals on Medicaid work full-time.

Walmart declined to comment on the record. According to the company’s corporate website, starting wages at Walmart have increased by 93% since 2015.

This is a very sad story.

Mark Zuckerberg is a billionaire. His wife Priscilla Chan is a pediatrician. Ten years ago, they founded and funded a school that was designed to be different. They sought out children who were impoverished. Their school offered wrap-around services. They did all the right things.

But they are withdrawing their funding because they are disappointed by the school’s test scores. Test scores! Had they no better way of measuring success? Apparently not. Their scores were substantially higher than those of the local school district. But that wasn’t good enough. Were the children healthier? Were parents more engaged in their children’s education? In the end, the school was closed because its scores were not “good enough.”

It was supposed to be a long-term commitment, but it wasn’t. CZI surely could have made a 25-year commitment to their school but they pulled away their funding after only a decade. Do they have enough evidence to determine the value of investing in children’s well-being? No.

As I said, this is a very sad story.

Laura J. Nelson of The Wall Street Journal reported:

The school that Dr. Priscilla Chan co-founded for low-income students was designed to be different. 

The vast fortunes being minted in other corners of Silicon Valley had mostly missed East Palo Alto, Calif., where the Primary School opened in 2016. Funded through Chan’s philanthropy with her husband Mark Zuckerberg, the private, tuition-free school aimed to support the “whole child” through wraparound services, including free dental checkups, early-intervention screenings and wellness coaching for parents.

The school joined a long list of efforts by the country’s wealthiest, dating back to Andrew Carnegie, to put their stamp on the American classroom. Then, after a decade of operation and more than $125 million from the Chan Zuckerberg Initiative, the Primary School shut down in June.

Dr. Priscilla Chan speaks onstage at the 2025 SXSW Conference and Festival.

Dr. Priscilla Chan SUZANNE CORDEIRO/AFP/GETTY IMAGES

The board voted unanimously in April 2025 to close the school after learning that the Chan Zuckerberg Initiative wouldn’t fund it after the 2025-26 academic year, people familiar with the situation said.

The school’s demise marks the end of one of the highest-profile education efforts funded by the couple’s philanthropic arm, which has shifted its focus from social issues toward scientific research. 

By some measures, the school’s academic performance fell well short of state norms and its leaders’ expectations, complicating efforts to spread its model to public and charter schools. By others, it succeeded in helping students outside the classroom in ways that are usually not available in public schools.

Board president Jean-Claude Brizard said that before the vote to close, he shared several options with CZI about the school’s future, including “winding down.” The board wouldn’t have voted to close without alignment from their biggest funder, he said. 

A CZI spokesperson said the decision to close was up to the school’s board and that the organization was focused on the school’s academic results, not the cost.

The Primary School’s closure has illustrated what philanthropic investment means for a community when it arrives, and when it leaves. 

“It was a godsend school,” said Mele Fakapelea, whose daughter Telesia won a lottery spot in the founding class. Fakapelea later enrolled her four younger children. Losing the school’s support system, she said, was “crushing.”

Mele Fakapelea and her daughter Telesia celebrating Telesia's 8th grade graduation.

Mele Fakapelea, in red lei, and her family at the eighth-grade graduation for her eldest daughter, Telesia, center. SAO LUTUI

Nearly 540 children were enrolled at the Primary School’s two campuses. The Ravenswood City Elementary School District is now preparing for an enrollment surge, renovating a campus to avoid packing students into portable trailers.

The Chan Zuckerberg Initiative pledged $50 million when the closure was announced. That includes paying the balance of the school’s lease to the district and supporting local groups to carry on some services. CZI also gave $3.6 million to education savings accounts: $10,000 for elementary students, $2,500 for preschoolers and $1,000 for children in early-childhood education.

Business leaders and founders “look at K-12 education and go, ‘Man, how hard can it be to improve this thing?’” said Rick Hess, the director of education policy studies at the American Enterprise Institute. “Well, it’s incredibly hard.”

Zuckerberg announced one of the couple’s first major charitable gifts, a $100 million grant to Newark, N.J., public schools, on “The Oprah Winfrey Show” in 2010. The Primary School was far more hands-on.

Chan said then that her work as a pediatrician, and at a Boston housing-project after-school program, had taught her that systems to help children are often siloed. The school set out to help children overcome the effects of poverty and childhood trauma.

Staff worked with community clinics to find high-needs families, including students with behavioral issues and learning disabilities. Three in four students spoke a language other than English at home. 

Some things felt more startup than school. Teachers signed nondisclosure agreements as part of their employment contracts. Some toddlers wore recording devices at home to count back-and-forth conversations with their caregivers, part of a program to boost language development.

Chan was on campus often, including to read a Mo Willems book (“The Pigeon Needs a Bath!”) to kindergartners. During the launch of a curriculum with Sesame Workshop, Chan bantered with Elmo in a promotional video. Teachers attended the workshop’s 50th-anniversary gala and met Michelle Obama.

Parents were on campus regularly for coaching sessions and classes about child development. 

But the school had some challenges, including high principal turnover. It also initially lacked clear plans and approaches for special education and student discipline, former employees said. 

Katherine Carter, a former middle-school principal hired as a consultant in 2019, said there “really was not an understanding of the amount of time and support” and planning to launch a school. Carter, who left in 2024, said it can take five years for a new school’s approach to gel.

It took time for the new school to find the right curriculum and policies, said Lindsey Luebchow, a founding member of the Primary School. Principal turnover, she said, was one result of the structural challenge of “managing many programs in a single school.”

Chan was the Primary School’s co-founder and board chair for about eight years, until 2023; CZI was the main funder. Having one major backer in perpetuity hadn’t been the original plan, CZI said, but rather a model that “could be sustained through primarily public investment.” To that end, the Primary School said it tried to keep per-pupil spending at a reasonable level for a public school.

Chicago Public Schools head Jean-Claude Brizard speaks at a school event.

Jean-Claude Brizard, chairman of the board of directors for the Primary School SITTHIXAY DITTHAVONG/AP

Chan lobbied her network “to bring in other funding sources,” CZI said. But finding donors to supplement CZI was a tough sell, said Brizard, who is the former head of Chicago’s public schools. “Why would you give money to an entity being funded by one of the wealthiest people in the world?” he said.

Chan was “not shy” about her frustration with academic performance, Brizard said. Chan told The Wall Street Journal last year that outcomes weren’t where “frankly, anyone would have wanted them to be.”

Early last year, soon after Zuckerberg and Chan attended President Trump’s inauguration, CZI told staff its mission was changing. Funding for social advocacy had been “wound down” over the past several years to “align with our focus as a science philanthropy as well as the current legal and policy landscape,” staff were told. There was no evidence that the couple’s attendance influenced the board’s vote, CZI said.

That April, the Primary School’s board voted unanimously to close after the next academic year. The timing of the CZI changes and the inauguration, Brizard said, was “an unfortunate coincidence.” 

Angelica Cardenas, 29, whose 3-year-old daughter was enrolled along with her siblings’ five children, said she heard about the closure from the news. “If they knew they were going to stop investing in our community, it should have been spoken about earlier on,” Cardenas said.

Some staff and parents said they thought the Primary School would last for decades, in part because it was focused on long-term outcomes. 

“This was never something that was supposed to be just a philanthropic play in perpetuity,” Brizard said. “Maybe that wasn’t articulated well enough.”

Stanford University report found that in spring 2025, 14% of local students in third grade and above exceeded literacy standards; at the Primary School, it was 26%; statewide, it was 47%. 

Eighth-grade students, many of whom had attended the school for a decade, demonstrated above 50% grade-level proficiency in their final year, the school said.

Luebchow said students saw “steady and encouraging” academic progress after the pandemic, and pointed to improvements in children’s well-being and socio-emotional skills. About 85% of students had their annual well-child visit, compared with 55% of children on Medicaid in the county.

Every teacher returned for the final year. School leaders told parents: We understand if you don’t want to stay. If you do, we’ll close the year out strong.

School leaders arranged tours of other schools, set up a station for parents to complete admission applications, and called in a representative from a 529 savings plan to help parents open the accounts seeded by CZI. 

Parents and teachers tried to savor the “lasts”: the last back-to-school night, with Pacific Island dancers on a tapa cloth mat. The last pep rally, where children blew red vuvuzelas.

Fakapelea’s oldest daughter, now 13, was one of two speakers when the school’s lone class of eighth-graders graduated in June. She cried afterward, as her family draped her in leis. 

The Miami Herald reported on the burgeoning demand for boutique schools by billionaires moving to Florida. Why Florida? Because the state has no state income tax.

Where should a billionaire send his or her children to school? Surely not the public schools, where they would rub shoulders with kids who are from all kinds of backgrounds.

The arrival of wealth has encouraged the opening of new schools for the super-rich.

Will the super-rich be satisfied with an AI-driven school at a time when educators are becoming skeptical of the educational value of AI?

Will elite families line up to enroll their privileged children in a charter chain designed originally for impoverished children in Harlem? Will their progeny flourish in a “no excuses” setting where test scores are king?

The story says:

A controversial billionaire-backed artificial intelligence school is planting a new flag in Miami Beach.

Alpha School, which has no traditional teachers, only two hours of core learning per school day and $65,000 annual tuition, just paid $19 million for the former one-acre home of the Papillon Montessori campus at 1021 Biarritz Drive in Normandy Isle, according to Miami-Dade property records and the city of Miami Beach. Without teachers, students take part in workshops led by adults called “guides.”

The transaction closed in June. By August, Alpha Miami Beach, a K-8 school with one of the highest tuitions in Miami-Dade, is scheduled to open for the 2026-27 school year. For comparison, annual tuition at Ransom Everglades School is about $54,300, while Gulliver Prep charges about $56,000.

The three-building campus, which can accommodate as many as 250 students, has operated as a Montessori school since 1999. Property records indicate the school sold the campus after facing a foreclosure lawsuit. The complex comes with a swimming pool, hydroponic garden, koi pond and outdoor classrooms.

Alpha School Miami, which already operates a campus across from Tropical Park in west Miami-Dade, now brings its educational model to one of South Florida’s wealthiest communities.

“We are very excited and happy to support this new school,” Miami Beach Planning Director Deborah Tackett told an Alpha representative during a city meeting where the school pledged it would comply with all existing restrictions governing the property. For Miami Beach, the acquisition represents more than a real estate transaction. It also reflects a broader trend in which wealthy newcomers are fueling demand for elite schools, concierge healthcare, private clubs and other services catering to high-income families.

The school did not respond to requests for comment.

The driving force behind Alpha is billionaire software entrepreneur and principal investor Joe Liemandt of Austin, Texas, who says the company’s mission is nothing less than reinventing education through artificial intelligence. Liemandt, founder of Trilogy Software and ESW Capital, is worth $6 billion, according to Forbes.

Influx of wealth drives private school demand

The purchase of the old Montessori campus is another sign that the influx of affluent families into South Florida is reshaping not only the luxury real estate market but also the institutions that serve it.

Many of the billionaires relocating themselves or their company headquarters to the region have chosen Miami Beach as home. Finding upscale private schooling for their children has become an issue.

Ken Griffin, the billionaire founder and CEO of the hedge fund Citadel, has said South Florida needs more top-tier schools to continue attracting wealthy families to the area. He has been a leading voice in encouraging other billionaires and business leaders to move to South Florida.

Griffin, who moved from Chicago to Miami along with Citadel’s global headquarters in 2022, has donated $50 million to expand the New York-based Success Academy charter school network into South Florida.

Andy Ansin, a real estate developer and the owner of WSVN/Channel 7, is another wealthy South Floridian looking to expand private schooling in Miami-Dade.

Ansin told the Miami Herald he is in the process of purchasing land in the northeastern part of the county. He plans to work with a school operator to turn the parcel into the site of a new private school on par with Ransom Everglades and Gulliver Prep.

“We really need a top private school in the northeastern part of the county,” Ansin said. “There’s tremendous demand.”

An alum of Ransom Everglades, Ansin served on the school’s board for 15 years. During that time, Ansin said families from New York would tell him, “‘Well, we’re only going to move to Miami if our kids can get into Ransom.’” He realized Miami-Dade needed more private schools, he said.

Ansin said he cannot disclose the exact location of the site, and he does not yet know which school will operate on the site. He said he wants to partner with a well-regarded school operator, and he would be interested in a school that focuses on “modern-day learning practices,” like teaching with AI.

To the north, real estate billionaire and Miami Dolphins owner Stephen M. Ross is getting involved in private education in Palm Beach County.

Related Ross, a West Palm Beach-based real estate firm founded by Ross, recently announced it is backing a West Palm Beach campus of the prestigious Pine Crest School. The private school already has campuses in Fort Lauderdale and Boca Raton.

Alpha’s AI curriculum raises eyebrows

Alpha’s arrival in Miami Beach comes as the controversial school rapidly expands nationwide. The hallmark of Alpha’s curriculum is its use of artificial intelligence to help students master the required academic curriculum in about two hours a day, co-founder MacKenzie Price said in a school podcast on YouTube.

Price is an Austin, Texas, mother who grew disenchanted with public schools and joined forces with Liemandt to open Alpha School.

Liemandt says Alpha is unique. It combines AI with learning science to teach students about 10 times faster than traditional instruction. Under the model, students spend roughly two hours each day working with an AI tutor on core academics before shifting not to the 3Rs, but the 4Cs — critical thinking, communication, collaboration and creativity. The school does not require an admissions test.

Students take part in workshops on leadership, entrepreneurship, financial literacy, public speaking and teamwork led by their “guides.”

Ultimately, Liemandt says he hopes to create an AI-powered learning platform that can be delivered on a tablet costing less than $1,000 and reach 1 billion children worldwide. He says he has committed $1 billion to the effort.

Education experts say AI has the potential to personalize instruction. Critics, however, argue that students still benefit from traditional classroom interaction, teacher-led instruction and social learning.

Read more at: https://www.miamiherald.com/news/local/community/miami-dade/miami-beach/article316497031.html#storylink=cpy

Andy Spears reports that the Walmart billionaires are supporting MAGA Marsha Blackburn in the race for Governor of Tennessee.

The Waltons of Arkansas are totally committed to eroding public schools and privatizing public funding, so Blackburn is promising to expand state support for vouchers.

Spears writes:

The youngest son of Walmart founder Sam Walton is now on the Marsha Blackburn bandwagon.

The latest campaign financial report indicates that pro-Blackburn Team Tennessee PAC received $100,000 from Walton in the last reporting period.

The Walton family has long supported private school discount coupons – otherwise known as school vouchers. These schemes divert funds from working-class families to wealthy families to use as tuition discounts at private schools. 

Walton joins payday predators Advance Financial, Pennsylvania billionaire and privatization advocate Jeff Yass, the CEO of Jimmy John’s, and General Motors in supporting Blackburn and her reverse Robinhood economic and education agenda. 

Blackburn has pledged to further expand Tennessee’s $300 million school voucher scheme if the 74-year-old career politician wins the Governor’s race. 

Tennessee’s Race to the Bottom: In a Corvette with a Driver Fueled by Jimmy John’s

Mike Simpson posts amazing memes on Twitter and BlueSky. He calls himself “Big Education Ape.” He makes the point with his illustrations.

Here is one of his best: THE GHOST OF ELI BROAD: TWENTY-FIVE YEARS OF VULTURE PHILANTHROPY AND THE ONGOING DESTRUCTION OF AMERICAN PUBLIC EDUCATION.

I wasn’t able to copy some tables and graphics. Please open the link to read the post in full.

Eli Broad was one of the billionaires who was eager to tear apart public education and remake it. I referred to him, the Waltons, and the Gates Foundation as “the Billionaires Boys Club,” which was chapter 10 of my book The Death and Life of the Great American School System: How Testing and Choice Are Undermining Education.

Eli Broad’s distinctive contribution to the corporate reform movement was his Broad Academy, where aspiring superintendents were “trained” with his ideas. All expenses were paid, and trainees got to hobnob with others. They also had the Academy’s help in job placement; many “graduates” of the Broad Academy were placed as superintendents in big-city districts, imbued with the ideology that schooling was a business, that low-performing schools should be closed and replaced by charter schools. Eli and his wife Edythe were both graduates of the Detroit Public Schools, but they were not grateful for what they learned.

In 2009, when I was writing the book, I was not aware that the Billionaire Boys Club had many more members and that some were women. There was Alice Walton, Betsy DeVos, the Koch brothers, John Arnold, Joel Greenberg, Daniel Loeb, Jeff Yass, and many more. I posted a far longer list of the super-rich underwriting the privatization of public money in my book Slaying Goliath.

I once was invited by Eli Broad to meet at his gorgeous apartment in New York City, overlooking Central Park. He wanted to know why I was critical of his efforts. He told me that he knew nothing about teaching or curriculum, but he knew a lot about business management and organization. His belief was that public schools could improve by better management.

Mike Simpson performs a public service here by updating the legacy of Eli Broad.

He writes:

How a billionaire’s “vision” became a scandal-soaked legacy — and why it refuses to die, now dressed in Yale’s ivy

There’s a particular kind of audacity required to spend a quarter-century systematically dismantling public education, leave a trail of federal indictments, billion-dollar procurement disasters, and devastated communities in your wake — and then get your name engraved on a building at Yale University. That, in essence, is the story of Eli Broad, the Broad Academy, and its reincarnation as The Broad Center at Yale School of Management. If you were hoping the death of Eli Broad in 2021 would finally close this chapter of American education history, well — ghosts don’t follow rules. And this one has a $100 million endowment.

Part I: Venture Philanthropy — When Billionaires Play School

Let’s start with the concept that makes all of this possible: “venture philanthropy.” It sounds benign — even noble. In practice, it means a billionaire who made his fortune in housing construction (KB Home) and insurance (SunAmerica) decided he understood public education better than educators, parents, communities, or — heaven forbid — children.

Eli Broad’s core thesis, launched formally in 2002 with the Broad Superintendents Academy (BSA), was elegantly simple and catastrophically wrong: public school systems are just badly managed corporations, and what they need is corporate managers.

Not teachers. Not child psychologists. Not community leaders. Corporate managers. Preferably ones with MBAs, military command experience, or backgrounds in supply-chain logistics. Because nothing says “I understand the developmental needs of a seven-year-old” quite like a background in restructuring defense procurement contracts.

The curriculum reflected this philosophy with almost comedic precision:

  • 10% — Actual education: pedagogy, curriculum, child development
  • 90% — Corporate operational reform: fiscal optimization, data-driven accountability, labor relations, and what the Academy euphemistically called “reform accelerators” — which, translated from the original MBA-speak, meant privatization strategies

The program was free to participants — tuition, travel, lodging, all covered. Because when you’re deploying an ideological army, you don’t charge the soldiers.

Part II: Yale Said “Yes” — And Charged It to Prestige

In 2019, the Eli and Edythe Broad Foundation committed $100 million to Yale University to transform the independent, unaccredited Los Angeles operation into The Broad Center at Yale School of Management. The transition was completed in 2020, and the unaccredited LA entity was quietly sunsetted — like a getaway car abandoned after the heist.

The rebranding was masterful. Suddenly, the same ideological pipeline that had produced federal convicts, FBI raid subjects, and a generation of “disruptors” who disrupted primarily the educational lives of low-income children of color was now operating under the imprimatur of one of the world’s most prestigious universities.

The center today operates two flagship tracks, both tuition-free:

The 2026–27 MMS cohort is already being assembled, per the center’s own Instagram, described as “leaders committed to reimagining” public education — which, given the network’s history, should be read as a threat as much as a promise.

Beyond the programs themselves, the center has launched an aggressive data aggregation initiative — a centralized repository hosted on GitHub tracking superintendents across more than 10,000 of the nation’s 13,000 public school districts, aggregating over 180,000 data points across 23 states. The stated goal is academic research. The unstated goal, critics argue, is mapping the vacancy pipeline for the next generation of Broad placements.

Part III: The Damage Ledger — Twenty-Five Years of “Disruption”

Let’s be precise about what the word “disruption” meant in practice. A landmark 2022 longitudinal study published in Educational Evaluation and Policy Analysis tracked two full decades of Broad Academy graduates and delivered findings that would be devastating — if anyone in the venture philanthropy world were capable of embarrassment:

  • No statistically significant positive effects on district spending, student completion rates, or test scores
  • Broad-trained superintendents had 18% shorter tenures than non-Broad peers in equivalent districts
  • The only statistically significant footprint left behind? A sustained, measurable trend toward increased charter school enrollment and sector privatization

In other words, after 25 years and hundreds of millions of philanthropic dollars, the Broad Academy’s measurable legacy in public education was: more charter schools and shorter superintendent tenures. That’s it. That’s the product.

The Human Cost

The abstract numbers become concrete when you look at specific communities:

Oakland & Detroit saw aggressive charter expansion and centralized fiscal management that critics argued deepened structural deficits and fractured community trust for generations.

Chicago experienced the largest single wave of school closures in modern U.S. history — 50 neighborhood schools shuttered in 2013 under Broad-network-affiliated Barbara Byrd-Bennett — triggering federal civil rights complaints alleging the closures disproportionately harmed low-income students of color.

Seattle watched Broad graduate Maria Goodloe-Johnson (BSA Class of 2003) get fired in 2011 following a state audit revealing $1.8 million in public funds funneled into a contracting program that provided little to no actual services — with investigators concluding she exercised a “severe lack of oversight” despite early warnings.

Part IV: The Scandal Hall of Fame — From Procurement Fraud to Federal Prison

Here is where the story transitions from ideologically troubling to criminally spectacular.

John Deasy — The iPad That Broke LAUSD

Deasy (BSA Class of 2006) championed a $1.3 billion initiative to put Apple iPads loaded with Pearson software into the hands of every LAUSD student. The rollout failed within days — students bypassed security filters almost immediately — but the procurement scandal was far worse than the technical failure.

Internal records revealed that Deasy and his deputies had close personal and professional ties to Apple and Pearson executives prior to the bidding process, raising serious allegations of a rigged procurement cycle. The FBI seized boxes of district records. Deasy resigned in 2014. The district eventually abandoned the program and settled for millions in refunds.

His post-resignation career? He was immediately hired by the Broad Center as a Superintendent-in-Residence — coaching the next generation of urban leaders. Because in this ecosystem, failure is a credential.

Barbara Byrd-Bennett — The Federal Prison Graduate

Byrd-Bennett’s career arc is the Broad model in miniature: leave Cleveland in fiscal distress, leave Detroit in structural chaos, get hired as a “turnaround expert” in Chicago, execute the largest school closure wave in American history, then get indicted on 20 counts of federal mail and wire fraud.

Federal investigators proved she steered $23 million in no-bid contracts to SUPES Academy and Synesi Associates — the very consulting firms she had worked for immediately before taking the CPS helm. Internal emails laid bare her motive with a candor that would be almost admirable if it weren’t so brazen: she needed the money because she had “tuitions to pay and casinos to visit.”

In exchange, she was promised a 10% kickback disguised as future consulting fees funneled into trust funds for her twin grandsons. She pleaded guilty and was sentenced to four and a half years in federal prison.

Robert Runcie — The Perjury Arrest

Runcie (BSA Class of 2009) took over Broward County Public Schools — the nation’s sixth-largest district — and oversaw a culture of severe administrative bid-rigging around an $800 million capital bond program, with independent investigations revealing contracts steered to pre-selected corporate entities.

Following the 2018 Parkland school shooting, which exposed deep systemic lapses in district safety infrastructure, a statewide grand jury investigation led to Runcie’s arrest by the Florida Department of Law Enforcement on felony perjury charges in April 2021 — prosecutors proving he lied under oath about communications regarding procurement contracts.

He resigned in exchange for a $743,000 separation agreement. Paid by taxpayers.

Alberto Carvalho — The AI Echo of the iPad Disaster

If the Deasy iPad scandal was the defining Broad-era procurement catastrophe of the 2010s, Alberto Carvalho’s LAUSD tenure became its 2020s technological sequel — almost as if the universe decided one billion-dollar tech procurement disaster per decade wasn’t sufficient.

Carvalho, a celebrated figure on the corporate-reform speaking circuit who regularly headlined Broad Center leadership panels, aggressively championed a contract with “AllHere,” a tech startup contracted to build a multi-million dollar AI student-chatbot tool for LAUSD. The project collapsed into total insolvency. The startup’s founder was indicted for fraud. Federal investigators traced systemic steering of contracts that bypassed traditional public bidding protections.

In early 2026, FBI agents raided Carvalho’s personal residence and district offices. He was placed on paid administrative leave and subsequently resigned — a modern, tech-era echo of the Deasy iPad scandal, separated by exactly one decade and approximately zero lessons learned.

Part V: The Carousel — How Failed Superintendents Get Recycled

One of the most structurally revealing features of the Broad model is what happens after a superintendent fails. In a normal accountability framework, catastrophic failure — federal indictment, FBI raids, mass community protests, historic labor strikes — would end careers.

In the Broad ecosystem, it typically accelerates them.

The recycling mechanism operates in three predictable stages:

Stage 1 — The Soft Landing: Departing executives are caught by the philanthropic safety net. Foundations like Broad, Walton, or Gates place them into well-funded “fellow,” “executive coach,” or “senior advisor” roles at charter management organizations or policy think tanks. The local political dust settles. The national network maintains their status.

Stage 2 — The Headhunter Buffer: National executive search firms — operating with screening frameworks that prioritize corporate operational metrics over community approval or longevity — present the executive to a new school board in another state as a “courageous, battle-tested change agent.” The fact that the “battle” was largely against the parents and teachers of the previous district is presented as a résumé enhancement.

Stage 3 — The Next Major District: Re-hired at a higher salary, with stronger contractual protections, and a golden parachute clause ensuring that the next failure will also be financially comfortable.

Mike Miles left Dallas ISD under multiple internal investigations and extreme executive turnover, founded a charter network, and was then directly appointed by the Texas Education Agency — which had dissolved Houston ISD’s elected school board — to run the entire Houston district with even fewer democratic constraints than before.

Jean-Claude Brizard left Rochester under a 95% teacher vote of no confidence, was immediately recruited to lead Chicago Public Schools (the nation’s third-largest system), triggered the historic 2012 Chicago Teachers Strike within 17 months, was pushed out with a $250,000 buyout, and transitioned smoothly into senior advisory roles at national education foundations.

The pattern is not a bug. It is the feature.

Part VI: Buying the Boardroom — How Venture Philanthropy Captured School Governance

The Broad playbook cannot function under genuine democratic oversight. A superintendent who closes 50 neighborhood schools, eliminates teacher tenure protections, and converts public schools into privately managed charter networks will be fired by an elected school board that answers to the community — unless that school board has been pre-selected to not do that.

The solution was elegant and corrosive: buy the school board elections.

Because local school board races historically required minimal campaign capital, the injection of billionaire wealth fundamentally altered the political landscape. The money flows not directly to candidates (which faces statutory limits) but through Independent Expenditure Committees and Super PACs — allowing unlimited spending on sophisticated polling, negative television ads, and targeted digital saturation.

In Los Angeles, Eli Broad, the Walton family, and allied donors regularly poured $5 million to $10 million per election cycle into LAUSD board races — specifically to achieve a “pro-reform majority” that would protect executives like John Deasy and later Austin Beutner (a former investment banker with no education background whatsoever) from community accountability.

In Oakland, independent groups funded by the California Charter Schools Association outspent local parent-teacher associations 10-to-1, successfully seating board members who routinely approved charter petitions and fiscal consolidation plans drafted by Broad Residency staff embedded in the central office.

When even this proved insufficient — when local civic resistance made winning democratic elections too expensive or unpredictable — the network pivoted to eliminating the elections entirely:

  • Chicago: Mayoral control legislation allowed Mayor Rahm Emanuel to single-handedly install Broad executives without board confirmation.
  • Houston: The Texas Education Agency dissolved the elected school board entirely and replaced it with a state-appointed body, allowing direct installation of Mike Miles.
  • Detroit: The short-lived Education Achievement Authority bypassed the traditional school board to implement a centralized, non-unionized reform experiment under Broad graduate John Covington.

The structural message is unambiguous: the corporate management model and democratic accountability are incompatible. When democracy gets in the way, the solution is to remove democracy.

Part VII: The Network Map — 1,000 Alumni and Counting

The Broad Network now comprises more than 1,000 alumni spanning major urban school districts, charter management organizations, state education agencies, and venture philanthropy foundations — with its heaviest concentrations precisely where the playbook finds the most fertile ground:

California remains the densest hub, with alumni embedded throughout LAUSD, Oakland Unified, and San Diego Unified central offices, as well as major CMOs like KIPP SoCal, Aspire Public Schools, and Green Dot.

Texas has become the fastest-growing hub, with Houston ISD under state-appointed Miles serving as the current flagship experiment, alongside significant placement within Dallas ISD, Fort Worth ISD, the Texas Education Agency, and massive charter entities like KIPP Texas and IDEA Public Schools.

New York serves as the “soft landing” capital of the network — hundreds of alumni operating within Wall Street-adjacent education foundations, charter advocacy groups, and elite national search firms headquartered in Manhattan.

Illinois and Pennsylvania — Chicago and Philadelphia specifically — remain high-density environments where teams of Broad Residents are embedded in central operations managing financial stabilization, facilities restructuring, and school assignment data systems.

Meanwhile, the network has largely migrated out of direct superintendencies — where the political friction is high and the tenure is short — and into the broader ecosystem where influence is durable and accountability is minimal: senior director roles at the Gates Foundation, the Walton Family Foundation, and the Chan Zuckerberg Initiative; high-level education consultancies like Watershed Advisors and Instruction Partners; and, of course, The Broad Center at Yale SOM itself, where the current MMS cohort is being trained to carry the philosophy forward.

Part VIII: Yale — Laundering a Legacy in Ivy

Let us be direct about what the Yale partnership accomplishes that the standalone Los Angeles operation never could: institutional legitimacy laundering.

The Broad Academy, operating independently, was unaccredited, ideologically transparent, and easy to critique. Its graduates were called “Broadies” — a term used by both allies and critics — and the pipeline was visible enough that parent groups, teachers’ unions, and education researchers could track, document, and organize against it.

The Broad Center at Yale SOM is something different. It is now embedded within one of the world’s most prestigious academic institutions, granting an Ivy League master’s degree, hosting fellows in New Haven, and publishing peer-reviewed research. The same corporate management philosophy that produced federal convictions and FBI raids now arrives in urban school districts wearing a Yale credential.

The center’s new data aggregation initiative — tracking superintendents across more than 10,000 districts, aggregating 180,000+ data points — is framed as academic research. Critics see it as something more operational: a comprehensive national vacancy map for the next generation of Broad placements, now with the algorithmic sophistication that the original Los Angeles operation could only dream of.

The 2025-26 Fellowship cohort of 17 fellows is already gathering in New Haven for weeklong modules at Yale SOM. The 2026-27 MMS cohort is being assembled. The pipeline flows.

The Synthesis: What Twenty-Five Years Actually Taught Us

Here is what a quarter-century of Broad-style education reform has empirically demonstrated:

The Promise: The Reality

Corporate management improves district outcomes/No measurable positive effect on test scores, graduation rates, or spending efficiency”

Disruptors” bring needed change/18% shorter tenures; accelerated community fracture

Charter expansion improves options/Statistically significant increase in privatization; no demonstrated academic gains

Data-driven accountability improves teaching/Curriculum narrowing; teaching to the test

Free consulting support helps districts/Permanent embedding of private ideology on public payroll

School board reform improves governance/Systematic dismantling of democratic accountability

The most damning verdict is not the federal indictments — though those are damning. It is not the FBI raids — though those are spectacular. It is not even the $23 million in no-bid kickback contracts or the billion-dollar iPad disasters.

It is this: after 25 years, hundreds of millions in philanthropic investment, and the placement of Broad-trained executives in over 160 school systems, there is no credible empirical evidence that any of it helped a single child learn to read better.

What it did produce — measurably, statistically, reproducibly — was more charter schools, shorter superintendent tenures, and a revolving door of well-compensated executives cycling between urban districts, consulting firms, and Ivy League fellowship programs while the communities they “disrupted” rebuilt themselves from the wreckage.

Epilogue: The Ghost That Won’t Be Exorcised

Eli Broad died in April 2021. His foundation subsequently announced it would spend down its assets and close. The Los Angeles operation was already gone, folded into Yale two years prior.

And yet — the ghost persists. It persists in the 2026-27 MMS cohort assembling in New Haven. It persists in the 180,000 data points tracking superintendent vacancies across 10,000 districts. It persists in the career of Mike Miles, currently running Houston ISD under state protection from democratic accountability. It persists in the aftermath of Alberto Carvalho’s FBI-raided departure from LAUSD — a scandal so structurally identical to the Deasy iPad disaster of 2014 that it reads less like history repeating and more like history plagiarizing itself.

The Broad Center at Yale SOM is not a reformed version of the Broad Academy. It is the Broad Academy with better branding, an Ivy League address, and a GitHub repository. The philosophy is identical. The network is intact. The pipeline flows.

The only thing that has genuinely changed is the zip code — from Los Angeles to New Haven — and the price tag of the credential being handed to the next generation of disruptors preparing to be deployed into the public schools of America.

Eli Broad may be gone. But his ghost has tenure.

And unlike the superintendents he trained, it shows no signs of an early exit.


Sources:

  • : The Broad Center institutional history, curriculum breakdowns, alumni scandal documentation, EEPA 2022 longitudinal study findings, and school board funding mechanics — as documented in comprehensive public education policy research and investigative reporting compiled in the source brief above.
  • : EdSource — “FBI raid of Los Angeles Superintendent Carvalho’s home, office may be linked to student AI chatbot” (2026) — edsource.org
  • : Los Angeles Times — “How probe into failed startup led to LAUSD superintendent investigation” (March 1, 2026) — latimes.com
  • : Yale School of Management — “The Broad Center Announces 2025-26 Cohort of the Fellowship for Public Education Leadership” — som.yale.edu

Master Source List: The Ghost of Eli Broad & The Broad Center at Yale


🏛️ The Broad Center at Yale SOM — Official Sources

$CITETitleSourceLinkThe Broad Center — Official Program Overview Yale School of Management som.yale.edu/centers/the-broad-center Master’s in Public Education Management — Admissions Yale School of Management som.yale.edu — MMS Admissions Broad Center Announces 2025-26 Fellowship Cohort Yale School of Managementsom.yale.edu — 2025-26 Fellowship Broad Center Announces 2025-26 Master’s Cohort Yale School of Management som.yale.edu — 2025-26 MMS Cohort


📊 Academic Research & Empirical Studies

$CITETitleSourceLinkThe Case of Broad Superintendents— Full EEPA Longitudinal Study (2022) Educational Evaluation and Policy Analysis / Tom Dee tom-dee.github.io — EEPA-Broad.pdf New Study: Broad Supes Made No Difference, Other Than Increasing Charter Schools Diane Ravitch’s Blogdianeravitch.net


🗞️ Investigative Journalism & Policy Criticism

$CITETitleSourceLink Critics Target Growing Army of Broad Leaders Education Week edweek.org The Broad Foundation’s Impact on Public Schools Facebook — Oakland Parent Sharon Higgins Analysis facebook.com — Broad Foundation Analysis


⚖️ Barbara Byrd-Bennett — Federal Conviction (Chicago)

$CITETitleSourceLink Former Chief Executive of Chicago Public Schools Sentenced to More Than Four Years in Prison U.S. Department of Justice — Official Press Release justice.govBarbara Byrd-Bennett — Full Coverage Archive WTTW Chicago Public Media news.wttw.com Barbara Byrd-Bennett — Wikipedia Overview Wikipediaen.wikipedia.org


⚖️ Robert Runcie — Broward County Perjury Arrest

$CITETitleSourceLinkFDLE Arrests Broward County Schools Superintendent Robert Runcie for Perjury Florida Department of Law Enforcement — Official Release fdle.state.fl.us Former Broward Superintendent Robert Runcie Avoids Trial — Perjury Charge Dropped CBS News Miami cbsnews.com/miami State Drops Perjury Charge Against Former Broward Schools Superintendent Miami Herald miamiherald.comPerjury Charge Dropped Against Ex-Broward Schools Superintendent NBC Miami nbcmiami.com


🤖 Alberto Carvalho — LAUSD FBI Raid & AllHere AI Scandal

$CITETitleSourceLinkFBI Raid of Los Angeles Superintendent Carvalho’s Home and Office May Be Linked to Student AI ChatbotEdSource edsource.org How Probe Into Failed Startup Led to LAUSD Superintendent Investigation Los Angeles Times latimes.com


📌 Quick Citation Reference Guide

For the article sections, citations map as follows:

  • Broad Center Yale programs → , , , 
  • EEPA 2022 empirical study → , 
  • General Broad criticism & history → , 
  • Byrd-Bennett federal conviction → , ,
  • Runcie perjury arrest → , , ,
  • Carvalho FBI raid / AllHere AI → ,

⚠️ Research Note: Several additional primary sources — including the original EEPA journal publication, the Jeffrey Hubbard California Supreme Court ruling, the Maria Goodloe-Johnson state audit, and the Jean-Claude Brizard Chicago strike documentation — are recommended for deeper verification. Additional searches can be run to surface those specific primary documents on request.

This is one of Randi Weingarten’s best speeches. She delivered it at the 2026 Convention of the American federation of Teachers on July 26 in Washington, D.C.

Not only does she identify income inequality as a dire threat to our democracy, she speaks one of the greatest lines I have ever read:

Mr. President, you don’t own July Fourth. You own Jan. 6.

Randi points out that the dramatic income inequality of our times is destroying the middle class. Unions build a strong middle class. The large increase in the number of billionaires is it a sign of a healthy society; it is a sign of gross inequality.

As more people slip out of the middle class or hang on by their fingertips, our social problems get worse.

How do we restore a thriving middle class? Encourage the growth of strong unions.

She reminds us that today only 1 of every 10 workers belongs to a union. Union workers are paid more, significantly more, than non-union workers. In mid-century America, when 1 in 3 American workers were in a union, we had the largest middle class and the lowest income inequality. And she says, “That’s why, in the long term, growing the union movement is key to solving America’s affordability crisis.”

Rightwingers have done their best to eviscerate unions. And they have won significant victories in the courts.

But, despite the obstacles, the AFT is growing. It now has the largest number of members in its history: 1.875 million members. Al Shanker and Sandy Feldman would be proud of that accomplishment.

Unions are key to a better life.

Randi said in her address:

We plan our conventions years in advance. When we decided to hold this convention in our nation’s capital, to coincide with the celebration of America’s founding 250 years ago, who would have thought that the grievances that led to the American Revolution would be so relevant and relatable today? Or that America would have a new kind of aristocracy based on mind-blowing wealth? 

In the United States, there are now 1,000 billionaires—and the world’s first trillionaire—at a time when nearly half of American households—46 percent—don’t earn enough to make ends meet. 

This wealth imbalance—the top 1 percent having as much wealth as the entire bottom 90 percent of Americans combined—has led to a power imbalance that affects the lives of everyone in our country. These oligarchs influence policy. They have the power to undo social progress. To sway financial markets, monopolize the media, buy elections and undermine democracy.

In an earlier period of extreme wealth inequality, the country elected Franklin D. Roosevelt, and his New Deal programs lifted millions of Americans out of poverty.

This time, the country elected Donald Trump, and well … 

Remember that warning—about the barbarians at the gate? Well, the barbarians aren’t at the gate, they are inside, including at the highest levels of government. 

The president and his cronies are abusing government powers to punish political opponents. Every day they find new ways to attack voting, presumably to entrench themselves. Their war on working-class Americans includes stripping collective bargaining rights from 1 million federal workers, including members of our union, in the biggest act of union-busting in U.S. history. All while engaging in the most blatant corruption in modern American history to enrich themselves. 

The attacks—on unions, on working people, on public education, on higher education, on the public good, on democracy—didn’t start with Trump. They’ve been decades in the making, going back to the 1971 memo by future Supreme Court Justice Lewis Powell that successfully plotted corporate dominance in American politics. And the Supreme Court’s 2010 Citizens United decision that fueled the massive surge of “dark money” in elections—which has now been supercharged by the court’s ruling last month that blew up whatever campaign finance limits were left. And its 2018 Janus decision that anti-union forces hoped would drive a stake through the heart of public sector unions. Project 2025 became the playbook to enact this extremist agenda. This year’s Callais decision not only gutted what remained of the 1965 Voting Rights Act but did so in time to affect the 2026 elections. Then there’s the bare-knuckled crusade to destroy public education and higher education. Just look at Christopher Rufo’s tweets, or his unabashed declaration years ago that “To get to universal school choice, you really need to operate from a premise of universal public school distrust.”

And I haven’t even gotten to Big Tech and artificial intelligence.

Yes, the other side has enormous power. But this is what they don’t have: the power of the people. 

That’s not a mere slogan; it’s the potential to work together, to bargain together, to protest together, to vote together, to act together to bring about change—real, lasting, life-improving change. That is the power and potential of our movement and of the AFT.

Our union stands at the intersection of the ways that regular people gain and exercise power in our democracy—through public education, unions and voting. 

The skills and knowledge people secure through public and higher education expand opportunity—that’s power. Union contracts improve economic well-being—that’s power. Elections—voting for people who answer to their constituents, not wealthy donors—that’s power. 

It’s power not just for ourselves, but for our students, our patients and our communities. Power to build what Martin Luther King Jr. called the “beloved community”—an America where hate has no home. Where the trans nurse, the Palestinian teacher, the Jewish student, and every person regardless of race, religion, ethnicity, gender or place of origin, feels welcome, safe and valued.

We use our power for good—against chaos, cruelty and corruption. We care, we fight and we show up—for a better life for all. Oh, and one more thing: We get shit done! 

We are a fighting union. To quote the president of Texas AFT, Zeph Capo, “Our members will forgive us if we fight and lose, but they’ll never forgive us if we don’t even fight.” 

Look at what we have fought for, and won, in these last two years—despite constant challenges.

Through the AFT’s student debt clinics and our other activism, we have helped more than 1 million borrowers, many of them our members, get $78 billion in student debt forgiven! That is life-changing; people can start a family, buy a home, save for retirement. 

The AFT has filed more than 25 lawsuits against the illegal actions of the Trump administration. If I talked about all of them, I would blow everyone’s bets on the length of the speech. So here are just a few: The Trump administration tried to stop any school—pre-K through college—from doing anything that could be construed as advancing diversity, equity and inclusion, essentially erasing 60 years of civil rights law. And it sought to condition all federal funding for schools on compliance with its dictates. We sued, and we won. We challenged the administration’s policies to detain and deport noncitizen students and faculty for participating in protected political speech. Again, we won. We sued to stop the administration from stripping federal funding from universities and to stop its efforts to control curriculum, hiring and speech. You guessed it—we won.

And then there’s the collective bargaining victories. Like for better wages—from Boston to Kansas City, from Chicago to Los Angeles and so many more. That’s the union difference: Union workers’ wages are 11 percent higher than nonunion workers. Unionized teachers earn 24 percent more in states with collective bargaining, and education support professionals earn 13 percent more.

And as we speak, the city council in New York City is voting to provide every United Federation of Teachers-represented paraprofessional a $10,000 “Respect Check” that the union has relentlessly fought for. 

Life is better with a union.

It goes beyond wages. Take the United Educators of San Francisco, whose successful strike this year led to winning premium-free healthcare not only for members but for their families. 

And paid parental leave. Kudos to our affiliates in Boston, Chicago, Cleveland, Fairfax County (Va.), New York City and Oregon for making great strides to help families thrive. 

And safe staffing. The UFT has had some incredible wins through arbitration. And in New Jersey, our healthcare union, Health Professionals and Allied Employees, has negotiated 14 contracts in a row with enforceable safe-staffing provisions. And now one of our newest affiliates, Hawaii Nurses and Healthcare Professionals, has created a broad coalition to do the same. 

And we have a sacrosanct commitment to retirement security. After a generation-long battle, we won passage of the Social Security Fairness Act that gave millions of public workers the full benefits they had earned but been denied. Our New York unions made great progress this year to fix Tier 6; now younger workers who had inferior pensions can retire in their late 50s. And AFT Massachusetts, AFT Pennsylvania and our Alaska affiliates are making progress on retirement security as well. 

There’s also what we have fended off. The Philadelphia Federation of Teachers reached an agreement to stop the cuts of 340 school-based positions for the coming school year. In Utah, a labor coalition including AFT Utah gathered more than 250,000 signatures and got the Legislature to repeal a ban on public sector bargaining. AFT New Hampshire has a mean game of whack-a-mole—defeating right-to-work, school vouchers and campus carry legislation, and successfully challenging a law that restricted teachers’ rights to teach and students’ access to honest history. In New York, our unions—United University Professions and the Public Employees Federation—and a broad community coalition successfully fought to keep SUNY Downstate hospital open after years of threatened closure, and they secured $1.1 billion to upgrade and expand facilities and services. 

These are fights we’ll have to keep waging. The Republicans’ Big Ugly Bill cuts $1 trillion in Medicaid, makes the largest cuts to nutrition assistance in history, triples the cost of student debt for tens of millions of Americans, and threatens hundreds of rural hospitals with closure—all to give $1 trillion in new tax cuts to the richest 1 percent. State and local budgets are seeing the strain. We’ll keep fighting, school district by school district and hospital by hospital. 

Then there is artificial intelligence—the most seismic industrial revolution of our time. From UUP in New York to the University Professionals of Illinois, we’ve won strong contract language so AI won’t be used to take our jobs, replace our professional judgment, or evaluate or discipline us.

And density matters: Like New York State United Teachers in education, Oregon’s density in healthcare is making a difference. The Oregon Federation of Nurses and Health Professionals secured the largest raises in its history—nearly 35 percent over four years for registered nurses. And OFNHP and HNHP in Hawaii have aligned all their contract expiration dates for the next Kaiser battle. 

And then there is the protection of our students, our patients and our neighbors from brutal immigration tactics, like the recent fatal shootings by ICE agents in Texas and Maine of two men who should be alive today. Healthcare locals in Oregon won legislation to protect healthcare facilities from immigration enforcement. Educators across the country have fought for their students’ release from U.S. Immigration and Customs Enforcement detention centers. Our Twin Cities union family peacefully and courageously stood up to the occupation and harsh immigration enforcement that led to the killing of Renee Good and Alex Pretti and terrified thousands of immigrant families. We were there with mutual aid—food, diapers, rent money, books, toys and safe passage for children to and from school. 

The AFT is always at the ready to help—like with our program for states and locals in crisis. Right now, we are helping our members in Florida, who are in the bull’s-eye of anti-union attacks intended to wipe them out. Let me be clear: We are with you every step of the way. And we’re investing in our affiliates through our MOVE grants, which affiliates are using as fuel to engage members, connect with community and strengthen their power. 

This is what the power of the people looks like: caring, fighting, showing up and getting shit done. 

This administration is waging a war on knowledge, from school voucher schemes, to erasing rather than facing history, to selling the Department of Education off for parts, to its all-out assault on higher education. Here, too, we’re not just fighting back; we’re putting forward big ideas. 

The AFT and the American Association of University Professors have launched a national higher education campaign. We’re fighting to keep vital research funded and against attacks on academic freedom. We won collective bargaining rights for higher education employees in Maryland and made strides toward free college in Connecticut and Pennsylvania. In April, the AFT and AAUP released “A Blueprint for Strengthening and Transforming Higher Education”—and we launched it in Texas, because that is ground zero in the attacks on critical thinking. 

Through AFT Healthcare’s Code Red campaign, we’re working to secure safe staffing limits, enforceable workplace-violence standards, and contracts that help recruit and retain frontline caregivers. That’s good for patients and for healthcare workers.

And on AI, we have a multifaceted plan: from limiting screens and child-facing AI for young students, to a tech tax to hold tech companies accountable for the massive disruptions their products are creating, to contract language, to our National Academy for AI Instruction to help educators master AI so AI doesn’t master us. AI is not going away, so we’re going to fight for the protections that matter to our members, our families and our communities.

And of course, we give out books, 11 million and counting, to children and families through our Reading Opens the World program.

All this is why the AFT is bigger, badder and more big-hearted than ever.

The AFT is the fastest-growing union in the AFL-CIO. Since our last convention, we have organized 173 more units, with close to 60,000 new members in these new locals. New affiliations have deepened our work in states like Hawaii, Michigan, North Carolina and Pennsylvania. And many existing locals have grown as well. 

I am thrilled to announce that, despite everything that’s been thrown at us, we have hit a historic milestone: We proudly represent more members than ever before. Today the AFT is 1.875 million members strong! 

People see the value of belonging. They see that we’re a fighting union—and that we get shit done! It’s amazing. You are amazing. And we are not going to let up. Too few people have the benefit of a union. 

Half of all nonunion workers want to join a union, but only 1 in 10 workers in the U.S. belongs to a union. Americans are 14 times more likely to have an Amazon Prime membership than to be a member of a labor union.

In the mid-20th century, when 1 in 3 American workers were in a union, we had the largest middle class and the lowest income inequality. That’s why, in the long term, growing the union movement is key to solving America’s affordability crisis. 

But what do we do now? We’ve got to win elections. And here’s why. 

As I said, 46 percent of households—55 percent of households of color—did not earn enough to make ends meet in 2024. And inflation has soared since then. That means there’s not enough to put food on the table, gas in the tank and still cover rent. It means constant stress and struggle. 

Our members see it every day in the people they teach, heal and protect. 

And our members feel it.

This winter we surveyed AFT members about the financial issues that keep them up at night, and 7,500 responded. Nearly three-quarters report living paycheck to paycheck, and more than a third say they are unable to cover all of their monthly bills.

There are few things worse than the fear of not being able to provide for your family. Reading our members’ responses took me back to my teenage years when my father was laid off. I remember my parents whispering about which bills they had to pay now and which they could hold off on until he found work. They tried to protect my sister and me from knowing, but there’s no hiding anxiety that deep. 

Millions of Americans believed Trump’s promises to end inflation and make America affordable again on “day one.” It’s “day 542” since he took office. Is anybody paying under $2 a gallon for gas like he promised? What happened to the “DOGE dividend checks”? Or your tariff rebate check? After they got rid of the Obamacare tax credits, have they fixed healthcare? 

Trump isn’t worried about being able to afford healthcare, housing or anything else. Since returning to the White House, he has raked in more than $2.2 billion, through what government watchdogs call unprecedented corruption and self-dealing. 

The president has called the affordability crisis “bullshit.” And he has said, “I don’t think about Americans’ financial situation.” But he has made it worse.

Trump’s tariffs sent the strong economy he inherited into a slump, even with an AI bubble. His trade wars are costing American families $1,000 more every year. He started a costly war against Iran that has left us worse off than when it started. Trump said taxpayers wouldn’t pay “one dime” for his ballroom, but it turns out we’re on the hook for hundreds of millions of dollars. 

We’re not holding our breath for the president to deliver on his promises to lower costs. We’re fighting for economic security and to put more money in our members’ pockets—like the 1 million borrowers we’ve helped get Public Service Loan Forgiveness relief. Our Fight for Affordability builds on that work, with resources to help navigate medical and credit card debt and on other support people are legally entitled to but may not know about. 

And we are working with allies in Congress on bold solutions, like increasing the minimum wage to $25 and passing the Working Americans’ Tax Cut Act, which would exempt 104 million lower-income adults from federal taxes—paid for by millionaires paying a fairer share. We’re pushing for increased funding for public schools and colleges. We’re fighting back against the draconian cuts to Medicaid and to rural hospitals. Millions of children risk going hungry because of the heartless changes to the Supplemental Nutrition Assistance Program in the Big Ugly Bill; we are fighting for every single one of them. 

But we need majorities in statehouses and in Congress this year, and ultimately the White House, to secure the foundational changes we seek.

Threats to Democracy

We face another grave danger: dire threats to democracy. I know, some of you are thinking, here she goes. But really, when is the erosion so much that we can’t get our freedoms back? 

I remember the scoffing when terms like “authoritarian” were first used. And I have been asked repeatedly about why I used the term “fascist” in the book I wrote, Why Fascists Fear Teachers. 

Unfortunately, the answer is clearer every day. 

I don’t actually care what you call it, but I care very much about what Trump is doing. He is weaponizing the justice system to target political opponents, journalists and dissenters. He is sending armed forces trained for war to police American cities, especially to Democrat- and Black-led cities. He is using the presidency for his own benefit and to enrich himself and his family. He is trying to obstruct free and fair elections to maintain power. 

Donald Trump keeps trying to overturn the results of the 2020 election. He urged on the Jan. 6 rioters and pardoned even those who brutally attacked officers bravely protecting the Capitol. 

He is aggressively testing the legal and constitutional limits of presidential power. 

Then there are the lies. It started with crowd size but now he lies about everything—about election results, the economy, his critics, the war in Iran. Even the botched paint job on the Reflecting Pool. 

And sadly, instead of uniting the country to celebrate the great American experiment of democracy, what did Trump do for the 250th? He held what he described as “the most spectacular TRUMP RALLY of them all.” 

Mr. President, you don’t own July Fourth. You own Jan. 6.

I speak and write about democracy a lot because education is vital to understanding, and understanding is vital to acting. If we don’t heed the warnings from the generals who worked for Trump in his first term; if we don’t recognize the hallmarks of authoritarianism—fear, division, isolation and apathy; if we don’t learn the lessons of tyrants, how do we the people have the shared understanding and the urgency to organize and mobilize for democracy to work for working people. 

As I wrote last year, fascists fear teachers because they fear a well-educated citizenry. They fear what educators do—the teaching of critical thinking, of honest history, of pluralism—because their brand of greed, power and privilege cannot survive in a democracy of diverse, educated citizens. We see it in the book bans. In the attacks on DEI. In the efforts to control what schools and universities can and cannot teach. And in the attempts to rewrite and whitewash history. 

To be clear: Fascists don’t just fear teachers—they fear, loath and try to silence all of us who stand up for democracy, dignity, fairness and opportunity for all. 

And stand up we must. 

Americans are losing faith in democracy. Seven in 10 U.S. adults say they are dissatisfied with the way democracy is working in the country. Young Americans in particular feel the country is on the wrong track. 

I understand the disappointment. But we cannot give up on democracy. Winston Churchill was right when he said in 1947, “Democracy is the worst form of government except for all those other forms that have been tried.”

But we must improve it. As John Dewey said, “Democracy has to be born anew every generation, and education is its midwife.”

Look at where democracy is being born anew: In Hungary, where this spring 80 percent of voters turned out to reject Viktor Orbán’s far-right agenda, ending his 16-year grip on power. In South Korea, where labor unions spearheaded mass protests and nationwide “strikes to defend democracy” after the president declared martial law. And here at home, at May Day and “No Kings” protests in small towns, suburbs and cities across America, where millions of people turned out to say we will not stand by while democracy is dismantled. 

We are not helpless to change what is wrong. We can build a better future and a stronger democracy. But that requires winning in November. 

Elections

As big and bad and big-hearted as we are, neither bargaining nor bullhorns alone will get us out of these treacherous times. 

To get a working-class tax cut, to pass living-wage legislation, to get limitless money out of politics, to fix the healthcare system, to strengthen education, and to restore vital safety net and climate programs, we have to win majorities in 2026 and the White House in 2028. We have to elect people who support working people, leaders with real plans to make life better. 

Strengthening public schools and stopping the reckless runaway train that private school vouchers are becoming should not be a partisan issue. Ensuring everyone who works can earn a living wage should not be a political issue. Fighting so everyone has access to high-quality, affordable healthcare should be a human priority, not one party’s priority. Shoring up Social Security to keep seniors out of destitution should have universal support. Addressing the climate crisis that threatens all humanity should unify all humanity.

Perhaps one day these issues will be bipartisan. 

But sadly, the reality is that since Trump’s first term, Republican officeholders’ support for our priority issues averaged just 8 percent, while Democrats averaged 95 percent. Do I wish that was different? Of course. And do I wish Democrats were bolder? I do. But Republican leaders don’t even seem to want to try. 

This election will decide whether we are a country governed by the people or ruled by the powerful. A country of opportunity or oligarchy. A country whose people live in freedom or in fear. 

Do we want a future where billionaires and a trillionaire continue to grow their wealth at the expense of working people? Or one where working people earn a decent wage, support their families and take a vacation once in a while? 

Do we want a future in which classrooms lack resources and life-changing research is abandoned? Or one in which we can nurture the potential of every student and continue to lead the world in bold discoveries? 

Do we want a future where big healthcare corporations put profits over people? Or one in which every person—every person—has access to healthcare, and healthcare professionals have the resources, staffing and power to help their patients? 

Do we want a future ruled by tech bros and robots? Or a future grounded in dignity and humanity? 

Do we want a future in which elections are rigged to maintain one-party control and government is for sale to the highest bidder? Or one in which every person’s vote matters and government serves the people? 

That’s what’s at stake in November 2026. And the future we want is within reach. We can win majorities in the House and in the Senate and in state capitals. Majorities who will act on our priorities. 

But only if we vote, get others out to vote, and protect the vote. That’s why we are committing to our most ambitious election program ever.

Here’s the math: 1.3 million AFT members and their families live in a place where there is a competitive race in November. 600,000 of us are in battleground gubernatorial states. 464,000 live in the states with the seven top U.S. Senate battleground races. We need to flip four seats to win a Senate majority that works for working folks. And we have more than 1,000 members and voting family members in 86 critical, competitive congressional districts. We only need a net gain of three seats to win a working folks’ majority in the U.S. House. Can we do it?

With the AFL-CIO, we have a goal of reaching 2 million new voters. That means the AFT has to turn out about 200,000 more householders than in the last election. That means we need 28,000 volunteers to make calls, knock on doors and get out the vote—28,000 out of 1.875 million. Can we do it?

And it’s not just about getting out the vote in this election but also about protecting the vote. That’s why we are launching a new Democracy Defenders election protection program. We are recruiting 5,000 members to make sure that people can exercise their right to vote free from intimidation. Our Democracy Defenders will be part of the 50,000 people the AFL-CIO is recruiting for this critical work. Can we do it? 

People power can win, but we need to be all in, and that means we need you to be all in. No one can do everything, but each of us can do something to win in November and achieve the better future we fight for. 

So are we going to vote? Are we going to get out the vote? Are we going to protect the vote? 

Conclusion

That’s the energy and commitment we need to achieve the America we dream of: An America where everyone has opportunity and economic security. An America where everyone’s dignity and freedoms are respected. An America whose democracy not only endures but finally lives up to its noble ideals. 

I’ve spoken often this year about Martin Luther King Jr.’s final book, Where Do We Go from Here: Chaos or Community? Since January 2025, we have experienced a lot of chaos, fear and division. 

Lately, I find myself drawn to another piece of King’s wisdom—that the “arc of the moral universe is long, but it bends toward justice.” I still believe that, and I hope you do too. 

But the arc doesn’t bend on its own. It bends toward freedom and opportunity through the work you do every day making a difference in people’s lives—in classrooms, at the bedside, in our communities. You bend the arc. Unions bend the arc. Voting bends the arc. The power of the people bends the arc toward justice.

On this 250th anniversary of our nation, that is our responsibility. That is what I am asking you to do, what I am asking us to do—this bigger, badder, big-hearted union and our 1.875 million members. 

And when we do, when we bend that arc, we will change the trajectory of our nation and secure a better future for all, from sea to shining sea. Thank you. 

Watch the full speech

https://www.aft.org/media/oembed?url=https%3A//youtu.be/oIASmJ3ZO70&max_width=0&max_height=0&hash=Sadl1eN7tbOr37C7SenWNH-Hx34YmVOAuIc7CHYyQyQ

Kelly Edgar taught music in Clark County, Nevada (Las Vegas) for 25 years. She recently wrote this article in The Nevada Independent about the dangers of charter schools.

She wrote:

Charter schools have been touted as the solution to our “failing public schools.” To be fair, the original intention was good. Those who founded the charter school movement envisioned it as a way to collaborate with public schools by finding creative solutions for students who weren’t thriving in traditional educational settings. 

But that’s not what’s happening today. Since retiring from the Clark County School District in 2024, I’ve developed my own theory: Between the dismantling of the Department of Education and free market ideologues wanting in on public school tax dollars, it’s now clear that the goal of privatizing education has been decades in the making. And charter schools are the stepping stones to get the job done.

Most people assume that charter schools are public schools because they’re free to attend and publicly funded. However, unlike traditional public schools, many are managed by private, for-profit companies — such as Academica in Nevada — and they filter enrollment via applications and lotteries.

Moreover, they do not have publicly elected school boards. In other words, we have no say on how our tax dollars are spent in charter schools because oversight is lax. Yet a charter school principal, a charter school founder and members of Moms For Liberty (which has direct ties to the school privatization movement) can sit on our school board.

Public education certainly has its challenges. I devoted decades to working inside the system and spent my final years sounding the alarm about overcrowded classrooms, insufficient resources, district leaders with ulterior motives and a lack of teacher autonomy. 

What I didn’t realize was that we were being sabotaged by the very people selling taxpayers the solutions

According to a July 2026 report by the Network for Public Education, there’s a direct correlation between academic achievement and per-pupil funding. States that support public schools outperform those that do not. So why is Nevada’s education system still ranked 48th in the nation despite “historic education funding” being passed in 2023?

Because you can’t pour water into a leaky bucket and expect it to hold. The funding was a start, but it wasn’t enough to compensate for the fact that Nevada also aggressively redirects public funds toward “private alternatives” such as charter schools. As the Network for Public Education puts it, “Privatization and disinvestment go hand in hand.”

The groundwork for all this was laid when the President Ronald Reagan’s administration, ahead of his 1984 re-election campaign, convinced Americans that we were A Nation at Risk, public schools were to blame and only Reagan could save us. This report simmered with “apocalyptic rhetoric” and the media seized on it like a dog with a bone because nothing grabs attention better than lines such as “the educational foundations of our society are presently being eroded by a rising tide of mediocrity.” 

What A Nation at Risk and major news outlets failed to mention, however, was a statistical sleight of hand called Simpson’s paradox. Students weren’t actually doing worse; more students, not just the privileged few, were taking the Scholastic Aptitude Test. In fact, President George Bush’s own commissioned study concluded that on nearly every measure, scores held steady or improved. But those findings were suppressed, and politicians on both sides of the aisle doubled down on the same flawed premise that public schools were failing America.

Rather than addressing systemic poverty, which we know affects educational outcomes, politicians and corporate philanthropists wasted billions of dollars micromanaging teachers and student learning with policies and programssuch as No Child Left Behind, Race to the Top and Common Core.

And when public schools didn’t crumble under those “reforms” as anticipated, the Council for National Policy (CNP), a conservative network, manufactured a new crisis: convincing the American people that teachers are indoctrinating their children with radical, anti-American ideologies.

The impact of this conspiracy on teacher morale has been brutal. We went from being treated as professionals to villains overnight, pouring ourselves into our work just to be disparaged by the media and pundits who would never survive a day in our shoes.

But sadly, breaking us was the point so they could justify defunding public education, sell parents on charter schools and other private alternatives under the guise of “school choice,” and “save” Americans from the crisis they created.

In 2017, the council provided the Trump administration with a blueprint to return education to “free-market private schools, church schools, and home schools as the normative American practice.” This “Education Reform Report” became the foundation of Chapter 11 of Project 2025. 

And while we haven’t seen every part of their mandate unfold in Nevada, there are red flags. Clark County schools are seeing their lowest enrollment numbers in decades, with many parents opting for alternatives, citing “lax classroom discipline” and “poorly performing public schools.” One would assume lower enrollment could have been an opportunity for the district to address parents’ concerns by decreasing class sizes and offering more individualized attention. But instead, the district was forced to declare a reduction in force that affects 60 licensed professionals because when students leave, the funding follows the child

And where are those tax dollars going? To Academica-managed schools, and more ideologically driven ones such as Founders Classical Academy, run by Hillsdale College, whose leadership has ties to the CNP network that wrote the privatization blueprint. 

The Clark County School District is not alone. Data indicate that by 2031, public school enrollment is projected to decline nationwide. 

This begs the question: If by 2031, more students are enrolled in charter schools, then aren’t charter schools just glorified public schools without the safeguard of public oversight? 

That absence of oversight is key when profit is the goal. It’s in the best interests of management companies to keep costs down. This inevitably leads to shrinking school budgets and compromising standards through raising class sizes, lowering pay and hiring less experienced teachers. And our students? Commodities. 

Which brings us back to square one. But this time, instead of pulling our children out of one free school to attend another free school, parents will be forced to either pay for private education or send their children to a potentially substandard charter school. As we face rising inflation and artificial intelligence replacing jobs, private school tuition is out of reach for most families.

The paradoxes of “school choice” can’t be ignored. Public schools educate every child who walks through the door, including those who need more trauma-informed care, more expensive interventions or who face severe learning challenges. These are often the same students that the “choice schools” didn’t have room for. Comparing the educational outcomes of a school that accepts every child to one that does not is, frankly, illogical, especially since the system is rigged against us: per-pupil funding follows the child while proposed federal budget cuts gut the very resources our students need most: Title I and Title II funding, Individuals with Disabilities Education Act protections and ample resources for arts education and mental health services. 

Healthcare in this country is run for profit, yet we have the highest maternal mortality rate of any high-income nation. We don’t blame doctors or hospitals. We point to the economic disparities built into a broken system. Let’s not repeat the same mistake with our children’s education.

Kelly Edgar taught in the Clark County School District for 25 years, specializing in music education.

Nobel-Prize winning economist Paul Krugman wrote about the public awakening to the menace of billionaires who hoard wealth and buy power. Not all billionaires are bad. McKenzie Scott, ex-wife of Jeff Bezos, has given away billions to worthy causes. But she is not typical. Others are using their money, like Larry Ellison, to destroy our independent media, or to buy elections, usually for reactionaries who promise them lower taxes.

Krugman’s post:

Suddenly it’s OK to sound the alarm about the political power of billionaires. And I do mean suddenly. The chart above, from political scientist Andrew Hall, examines fundraising emails to track the extent to which politicians say negative things about the hyper-wealthy. Not surprisingly, almost all mentions are negative. Until 2025 there were remarkably few such mentions – that is, until the cavalcade of fawning tech bros at the Trump inauguration abruptly made criticism of billionaires and their influence mainstream.

Hall calls this “billionaire bashing.” Tyler Cowencalls it “billionaire derangement syndrome,” as if it were unreasonable to worry about the political power of a handful of incredibly wealthy menwho are bestowing tens of millions in favors to the Trump administration and the Trump family, as well as spending vast sums to influence elections and Supreme Court nominations. The real puzzle is why it didn’t happen sooner.

You don’t need statistics to realize that there has been an explosion of wealth at the very top of the scale. From their titanic yachts to their life extension treatments, the hyper-wealthy are flaunting their billions almost everywhere one looks. For example, a few days ago the Wall Street Journal published a report on a new trend: “landmaxxing,” as in, the hyper-wealthy are increasingly buying giant estates:

And the statistics bear out the impressionistic evidence: there has been an explosion of wealth at the very top. In last Sunday’s primer I noted that in 1982, the first year Forbes compiled its list of the 400 richest Americans, the combined wealth of the 400 was only $92 billion. In 2025 it was $6.6 trillion. Even adjusting for inflation, the growth of wealth at the top has dwarfed gains in income and wealth for the average American:

So why should the rest of us care about how the other 0.0002% live? One important reason is that wealth at the top is, to a significant extent, coming at the expense of American workers. As a recent report from the New York Feddocuments, the share of national income going to workers is at an 80-year low:

 Line chart tracking labor share in percentage (vertical axis) from 1945 through 2025 (horizontal axis); starting in the early 2000s, labor share entered a sustained decline, with a particularly sharp drop during the global financial crisis.

Source: Liberty Street Economics

A second, even more important reason is the fact that the hyper-wealthy aren’t just landmaxxing — they’re powermaxxing.They are seriously undermining American democracy as well as lowering the living standards of ordinary Americans.

The Journal article about mega-estates name-checked Larry Ellison, who is America’s 2ndrichest man, and Ken Griffin, who is only the 21strichest, with a mere $50 billion in net worth. In addition to buying huge compounds, both men are very much buying political influence. Ellison’s family has taken control of CBS, which it is rapidly corrupting into a right-wing mouthpiece, and is trying to take over CNN too. And the day after the report on landmaxxing, the Journal published this:

Again, statistical data bear out the impressionistic evidence. As recently as the 2000s, the hyper-wealthy played little direct role in campaign finance, although influence campaigns by the likes of the Koch brothers and Richard Mellon Scaife were already having a major effect on the politics of taxation, climate and more. Since then the combination of soaring billionaire wealth and the Citizens United decision by the Roberts Supreme Court — a court whose Trump-enabling, anti-democraticslant was itself largely engineered by the Kochs — have opened the floodgates. Billionaires accounted for almost 20 percent of campaign spending in 2024, and that surely understates their influence:

Massive political spending has given billionaires massive political power. True, some of what the Trump administration does reflects Trump’s personal whims, obsessions and vanity — which is why the Iran debacle happened and is turning into a quagmire. But a large part of federal policy now is government of the billionaires, by the billionaires, for the billionaires.

What do billionaires want and get? Money isn’t their only object. Some of them genuinely believe in causes beyond their own further enrichment. Unfortunately, these causes are on average loathsome. Elon Musk, to take the most prominent example, appears to be personally committed to white supremacy and right-wing extremism. Peter Thiel, who bought JD Vance his Ohio Senate seat, appears to be genuinely crazy: he’s called for a return to monarchy and is now ranting about the antichrist. As Henry Farrellargues, we shouldn’t be talking about billionaire derangement syndrome, we should be talking about deranged billionaire syndrome.

Obligatory disclaimer: not all billionaires are deranged, and some are public-spirited figures who try to use their wealth and power to help others. However, the Citizens United decision, along with the Trump administration’s raw corruption, opened the door for the all too numerous predatory billionaires to acquire more political power in order to further rig a system that is already greatly tilted in their favor. Want to pollute air and water? Want your anti-competitive merger approved? Want a big tax cut that benefits the billionaire class while stripping ordering people of their healthcare? Want to eliminate financial regulation so that you can play games with and siphon off other people’s money? No problem on all those counts.

Above all, the billionaires want low taxes for themselves. A recent paper by Balkir et alestimates that because we tax income from wealth at much lower rates than income from wages, the wealthiest 400 people in American pay an average tax rate of 24%, compared with 30% for the population at large and 45% for high-income Americans who derive their income from earnings rather than ownership of assets.

As I noted Sunday, low taxes on the hyper-wealthy feed a downward spiral of oligarchy in which low taxes make it easier for huge fortunes to grow even larger, and in which the power of vast wealth keeps increasing, leading to even more favorable policies for the few.

This downward spiral has been taking place for decades. As I said, the real question about the backlash against billionaires is why it didn’t happen sooner.

Please open the link to finish.

Senator Chris Murphy of Connecticut gave a stunning speech about the normalcy of corruption in the Trump White House. Senator Murphy spoke about “500 Days of Corruption,” in which he detailed numerous deals that enriched the Trump sons, Don Jr. and Eric. Typically, they invested in a company and with days or weeks, that company received a government contract.

Set aside 30 minutes and watch this speech. It is startling, infuriating, outrageous.

Just yesterday (June 29), the media reported that President Trump made $2.2 billion in 2025. $2.2 billion!

The New York Times reported:

President Trump reaped a stunning windfall in his first year back in the White House, including about $1.4 billion from his family’s cryptocurrency businesses, a new filing shows.

All told, the president pulled in at least $2.2 billion, a figure that includes other parts of his vast holdings, such as his real estate assets. That compares to a minimum of $622 million his enterprises pulled in for all of 2024, before he returned to the presidency.

One of his biggest hauls in 2025 came when an investment firm tied to the United Arab Emirates bought nearly half of the Trump family’s main crypto company, World Liberty Financial, a transaction that blurred the line between foreign policy and private enterprise.

Mr. Trump also collected hundreds of millions of dollars from sales of his $TRUMP memecoin and World Liberty’s sale of its own digital tokens.

Remember how the Republicans in Congress excoriated Hunter Biden because he was paid to serve as a board member for a company called Burisma in Ukraine? How many times did Trump and his allies speak with derision about “the Biden crime family”?

Penny-ante when compared to the shameless profiteering of the Trump family.

The President should have no problem paying his $5 million debt to E. Jean Carroll, which the U.S. Supreme Court refused to overturn or even the $83 million judgment that Carroll won in state court but Trump is litigating to avoid paying.

Who are the big donors funding the 2026 midterm campaigns? Typically, the billionaires spend big on Presidential elections, but now they are pouring hundreds of millions into 2026 because it will determine control of Congress.

Republicans have a much bigger war chest than Democrats.

This is a gift article from the Washington Post. That means you can open the link without a subscription. I pay for it so you don’t have to.

https://wapo.st/3QZmR2g

What this shows above all is the need for campaign finance reform, specifically, limits on individual and corporate donors.

The only way to defeat Big Money is to vote.