Sunday, December 22, 2024

Tag: rich

The millionaires surtax in House Tax Committee proposal

While the millionaires surtax does not address the colossal inequalities of wealth, it focuses on taxing income that largely flows from wealth.

House bill would blow up the massive IRAs of the superwealthy

If the bill passes, Roth accounts would be capped at $20 million for high-income individuals.

The real socialism in America isn’t what you think

It’s more socialism for the rich, harsh capitalism for the rest.

Jeff ‘Space Cowboy’ Bezos

Space flights used to achieve scientific purpose. Now they're a rich man's carnival ride.

America’s billionaires: Borrowing their way to ever more fabulous fortunes

Their current combined fortune: $4.7 trillion, up $1.8 trillion since the pandemic began.

Democratic senators call for investigation of tax avoidance by the ultrawealthy

Sens. Elizabeth Warren and Sheldon Whitehouse demanded an investigation into how the rich use “legal tax loopholes to avoid paying their fair share of income taxes.”

Can we conquer our grand dynastic family fortunes?

We most certainly can. We have history on our side.

A global tax deal for the rich, not the poor

Despite the recent G7 agreement on corporate taxation, global leadership requires going beyond national interests to ensure that all countries have sufficient resources to develop healthier post-pandemic economies.

Living ever larger in the lap of luxury

Today’s fabulously rich can easily guarantee themselves a tumbril-free future.

FDR must be smiling

Biden’s plan to create jobs and tax the rich is a good deal bolder than it looks at first glance.

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Teamsters launch largest strike against Amazon in US history to demand fair wages and...

Amazon workers launch historic nationwide strike, demanding better wages, safer conditions, and union recognition from the $2 trillion corporation.

Pregnant woman in labor cited under Kentucky anti-homelessness law

Pregnant homeless woman in labor ticketed under Kentucky’s anti-camping law, sparking national outrage over the criminalization of homelessness.

Elon Musk for Speaker of the House? Republicans float billionaire amid spending bill fight

Republicans propose Elon Musk as Speaker of the House after his role in sinking a spending bill, raising unprecedented ethical and governance concerns.

Israeli soldiers enforce kill zone in Gaza, targeting civilians and leaving bodies to rot

Israeli forces implement open-fire policies in Gaza’s Netzarim Corridor, targeting civilians and leaving corpses uncollected as a warning to others.

Syria’s new fundamentalist government: Women ‘biologically’ unsuited to politics, universities to be segregated

The comments provoked a firestorm of protest among Syrian women and, well, non-fundamentalists.