Tag: billionaires
When billionaires don’t pay taxes, people ‘lose faith in democracy’
The rich can live lavishly by employing a technique known as “Buy, Borrow, Die,” in which they buy or build assets, borrow against them and then avoid estate and gift taxes when they die.
Even this Biden-voting billionaire ignores the full downsides of obscene fortunes
Tax reforms must address willful blindness about the menace of concentrated wealth.
Report: Taxing the world’s richest would raise US $2.52 trillion a...
A new analysis, “Taxing Extreme Wealth,” by the Fight Inequality Alliance, Institute for Policy Studies, Oxfam, and Patriotic Millionaires found a shocking...
These billionaires received taxpayer-funded stimulus checks during the pandemic
IRS records reveal that 18 billionaires and some 250 other ultrawealthy people received aid intended to help middle-class Americans.
US billionaires are now $2.1 trillion richer than before the pandemic
Not only did the wealth of U.S. billionaires grow, but so did their numbers: in March of last year, there were 614 Americans with 10-figure bank accounts. Today there are 745.
Is billionaire philanthropy a sham?
America doesn’t need their charity. We need them to pay their fair share in taxes.
Our billionaires are blasting off. Good riddance!
We don’t need billionaires out to “conquer space.” We need to conquer inequality.
Sports teams: The everlasting tax shelter for billionaires
A perverse loophole allows owners of profitable teams — and their heirs — to lower their tax bills by claiming huge paper losses.
The billionaire playbook: How sports owners use their teams to avoid...
Owners like Steve Ballmer can take the kinds of deductions on team assets — everything from media deals to player contracts — that industrialists take on factory equipment. That helps them pay lower tax rates than players and even stadium workers.
Baby you’re a (super) rich man!
Millionaires, Mega Millionaires and even a few Billionaires run our corporations, our media and of course our politics.
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David Huitema confirmed as ethics Czar amid fears of Trump’s return and conflict of...
As Trump’s second term looms, the Senate confirmed David Huitema to lead the Office of Government Ethics. Advocates praise the move, but critics warn of a tough road ahead for government accountability.
The worse the chaos that results, the sooner the eventual revulsion and turnaround
A too gullible population let itself be bamboozled.
Tlaib, ACLU, and advocates warn H.R. 9495 could empower Trump to silence nonprofits and...
Progressives and civil rights groups sound the alarm over legislation that could allow President-elect Trump to strip nonprofits of their tax-exempt status without evidence, threatening free speech and democracy.
JD Vance hints at Elon Musk’s role in targeting Social Security under Trump’s ‘efficiency’...
Republican vice-presidential nominee J.D. Vance reveals Elon Musk could lead a commission to cut federal spending, with Social Security and the Department of Defense as potential targets. The billionaire’s past decision-making raises concerns about the future of essential programs.
The ultimate corporate corruption: Trump appoints Musk to oversee US regulations
Examining the implications of Musk’s appointment to lead Trump’s new department of Government Efficiency and what It means for American democracy.