Tag: rich
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.
The 2024 election is about the rich stealing from the public
A fight over extending provisions of Trump’s tax cuts is at stake in November’s election. Ultimately, the race is about money.
Do high taxes on our rich make any sense?
We need to do more than tax high incomes. We need to limit them.
Unmasking the shadows: The fight to end billionaire tax breaks for...
A groundbreaking legislative effort aims to seal a critical loophole in the tax code, curbing the unchecked flow of billionaire-funded dark money into American politics.
Sanders’ bill targets sky-high CEO pay: A push for economic equity
The legislation, titled the Tax Excessive CEO Pay Act, targets corporations with stark discrepancies in compensation between CEOs and their workers.
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.
Wealth over fairness: Shocking report unveils tax favoritism for the rich...
According to the report, in 41 out of 50 states, the wealthiest 1 percent are subjected to lower tax rates compared to other income groups.
Jeff Bezos’ housing hypocrisy: Millions to fight homelessness, more to fuel...
While Jeff Bezos donates to fight homelessness, his investment in single-family homes raises alarms about exacerbating the housing crisis.
Billionaire Heirs: The accelerating $5.2 trillion wealth transfer
Without robust wealth and inheritance taxes the children and grandchildren of today's billionaires will dominate our future politics, economy, culture, and philanthropy."
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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.
Senate rejects Sanders’ push to halt US arms sales as weapons fuel 44,000 deaths...
The Senate overwhelmingly voted against the measures, leaving advocates of peace and human rights questioning U.S. complicity in the alleged war crimes unfolding in Gaza.