Friday, April 11, 2025

Tag: rich

What will tech moguls do with their wealth?

Tech billionaires are embedding themselves in U.S. economic systems while experimenting with new ways to manage their fortunes. Lacking traditional family dynasties, they must also contend with an unpredictable alliance with Trump.

Billionaire wealth surges by $276 billion post-Trump election as GOP pushes...

U.S. billionaires amass $276 billion in post-election wealth surge as GOP pushes for $2.7 trillion estate tax repeal favoring the ultra-wealthy.

Billionaire emissions outpace lifetime footprints of average individuals, new report shows

The report examines how the super-rich’s use of luxury transportation and investments in polluting industries exacerbate the climate crisis.

Billionaires are not going to save us

It’s time to see that projects of survival and solidarity among those struggling the most are our only true hope for a future that will otherwise be ever more perilous.

Harris can’t embrace billionaires if she wants to win

Billionaires are busy pressuring political candidates to keep their taxes unjustly low. Their opinions shouldn’t—and don’t—matter.

Harris breaks with Biden on capital gains tax based on ‘failed...

Speaking to supporters, Harris emphasized the importance of supporting investment in small businesses and innovation while ensuring that the wealthy pay their fair share.

Project 2025: How the far-right’s tax plan would hike middle-class taxes...

Project 2025, a far-right agenda, proposes radical tax reforms that would disproportionately burden middle-income Americans while granting significant tax breaks to the wealthiest households and large corporations.

Kamala Harris signals support for billionaires tax amid growing wealth inequality

This endorsement marks a crucial step in addressing the widening wealth gap in the country, particularly as billionaires continue to amass vast fortunes while millions of Americans struggle financially.

Private fortunes vs. public education

That era of growing equality and expanding public education would start fading in the 1970s. Over recent years, a new U.S. Senate report makes clear, that fade has only intensified.

Undocumented immigrants pay higher tax rates than top 1% in most...

New study reveals that undocumented immigrants pay nearly $100 billion in taxes annually, contributing more to state and local revenues than the wealthiest Americans in most states, while being excluded from the social programs they help fund.

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Trump executive order targets state climate laws, shields fossil fuel industry from accountability

New order directs Justice Department to block enforcement of state climate laws, raising legal questions and stoking fears of fossil fuel immunity.

This chart explains why Trump backflipped on tariffs. The economic damage would have been huge

The answer is simple: the economic cost to the U.S. was too high.

New book reveals tactics Coca-Cola uses to remain No. 1 soft drink company in...

“Sweet and Deadly: How Coca-Cola Spreads Disinformation and Makes Us Sick” is a detailed account of the tactics used to maintain a great reputation despite company's secrets.

Louisiana jury orders Chevron to pay millions to restore coastal wetlands

The jury found Texaco, which was bought by Chevron in 2001, in violation of state coastal resource regulations because the company didn't restore wetlands destroyed by drilling oil wells, dredging canals and dumped wastewater.

Another rupture: Keystone pipeline shutdown threatens fuel prices and exposes pattern of failure

Oil spill in North Dakota raises environmental and economic concerns as safety record of “safest pipeline in the world” comes under renewed scrutiny.