Tag: income inequality
GOP Medicaid cuts would drop millions from coverage while boosting tax...
New Republican plan could strip 8.6 million Americans of healthcare while permanently enriching the ultra-wealthy through revived 2017 tax breaks.
‘Grotesque spectacle’: CEO pay skyrockets 50% as worker wages stagnate
Oxfam analysis reveals global CEOs now earn 56 times more than average workers as corporate profits surge and economic inequality deepens on International Workers’ Day.
Archaeology can now tell us how people have muffled and challenged...
Without archaeology, there is no way to truly examine economic inequality, its causes, and its consequences over very long time spans on a global scale.
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.
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The $5.6 billion opening salvo: inside the staggering cost of Trump’s war on Iran
New reporting reveals that the United States burned through billions in munitions within days of launching its assault on Iran, highlighting the scale of the military campaign and its mounting financial and humanitarian toll.
Senate Democrats demand investigation into Iran school bombing as Fetterman stands apart
Nearly the entire Democratic caucus calls for a probe into a deadly strike on a girls’ school in Minab while one senator backs the military operation.
How 300 billionaires poured $3 billion into the 2024 elections
A tiny fraction of donors supplied nearly one-fifth of all federal campaign spending as billionaire influence surged to unprecedented levels.
Americans skipping meals and delaying life decisions as healthcare costs strain households nationwide
New Gallup surveys show tens of millions of Americans cutting back on food, utilities, and daily necessities to pay medical bills while healthcare affordability worsens.
The war on Iran—and Washington’s missing exit strategy
That means inflicting real costs: U.S. casualties, political backlash at home, strained relations with allies, global economic disruption and a further erosion of Washington’s standing in the world.