Tag: millionaires
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.
New Massachusetts ‘Tax the Rich’ law raises $1.5 billion for public...
The amendment, applying a 4 percent annual surtax to individuals with incomes over $1 million, was passed via a statewide ballot initiative in 2022.
Why does WaPo see Black as an ‘identity’—but not multi-millionaire?
It’s a shame to see that even there, the voices of the wealthy few can be so unthinkingly substituted for those of the struggling multitude.
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The real evil empire may surprise you
Serving in (or thinking about) the U.S. military for 40 years.
One in ten Americans lives in a sinking city, new study finds
Groundbreaking research from Columbia University reveals that land beneath America’s largest cities is sinking—mostly due to groundwater extraction—posing a hidden but growing threat to infrastructure, flood safety, and climate resilience.
Millions would lose Medicaid under GOP cuts, says new CBO report
A nonpartisan analysis shows Republican efforts to slash Medicaid by $880 billion would strip healthcare from millions of low-income Americans in order to fund tax cuts for the wealthy.
Texas voters reject far right school boards in sweeping backlash to book bans
Dozens of candidates who backed book censorship policies lost their seats in school board elections across Texas, signaling public fatigue with partisan attacks on students, educators, and libraries.
Since 1975, $79 trillion has been redistributed from the bottom 90% to the top...
Has this massive redistribution, driven by policies favoring corporations and the wealthy, reshaped the American economy?