Tag: income inequality
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.
United Nations expert castigates Amazon, Walmart, DoorDash over ‘disgraceful’ labor practices
UN rapporteur challenges corporate giants on poverty wages and labor violations.
Richest 1% took 38% of new global wealth since 1995. The...
"If there is one lesson to be learnt from the global investigation, it is that inequality is always a political choice."