Thursday, November 21, 2024

Tag: income inequality

Sanders calls for Biden to ‘do better’ amidst growing calls for...

Senator Bernie Sanders urges President Joe Biden to present a stronger agenda amidst rising calls for new leadership within the Democratic Party.

Should billionaires exist?

If capitalism were working properly, billionaires would have gone the way of the dodo.

New report reveals millionaires’ tax rates slashed by half since 1950s,...

This stark reduction in tax rates for the wealthiest Americans coincides with an era of escalating income disparity and could be costing the federal government hundreds of billions in lost revenue annually.

Some new hope for a check on CEO compensation

A Delaware state court ruling has shaken up the pay world for corporate executives.

The rent crisis: Half of US renters face unprecedented housing affordability...

The study reveals a staggering 50 percent of U.S. renters were dedicating more than 30 percent of their income to cover rent and utilities.

Billionaires urge world leaders for higher wealth taxes at Davos Summit

Millionaires and billionaires, often seen as beneficiaries of global economic policies, are advocating for higher taxes on their wealth.

Billionaires’ wealth skyrockets by 114% amid global poverty surge

This extraordinary accumulation of wealth comes at a time when nearly 5 billion people globally grapple with the challenges of inflation, war, and the climate crisis, slipping further into poverty.

Minimum wage rises across 22 states ushering in new era for...

The impact of these wage hikes will be closely watched as the nation grapples with economic challenges and seeks to balance the needs of workers and businesses.

Escalating crisis: A deep dive into America’s surging homelessness rates

Homelessness is a nationwide issue, but its impact varies significantly across states.

Amazon’s Black Friday fiasco: over 1000 workers rebel in historic pay...

As Black Friday sales surged, Amazon faced an unprecedented labor revolt. Over a thousand workers across the globe downed tools in a landmark strike, challenging the retail giant on wages and working conditions in a historic show of worker solidarity.

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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.

Trump’s Energy Department pick: A Fracking CEO who claims ‘there is no climate crisis’

Wright’s history of denying the severity of climate change raise critical questions about his ability to lead an agency central to energy innovation and climate policy.

Pentagon fails seventh straight audit amid $1 trillion military budget

Meanwhile, Congress continues to approve unprecedented increases in military spending, pushing the budget close to $1 trillion.

Protesters demand US Senate block weapons sales to Israel amid Gaza death toll exceeding...

Emblazoned with slogans like “Stop Arming Israel” and “Fund Housing, Not Genocide,” demonstrators gathered in the Hart Senate Office Building ahead of a pivotal Senate vote on Wednesday.

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.