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.
The legislation, titled the Tax Excessive CEO Pay Act, targets corporations with stark discrepancies in compensation between CEOs and their workers.
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.
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.
While Jeff Bezos donates to fight homelessness, his investment in single-family homes raises alarms about exacerbating the housing crisis.
Without robust wealth and inheritance taxes the children and grandchildren of today's billionaires will dominate our future politics, economy, culture, and philanthropy."
Washington is contemplating a state wealth tax, a levy that would cost Jeff Bezos.
"The Roberts Court could decide with the stroke of a pen to simultaneously forgive big business decades of tax dues."
Silicon Valley’s wealthy elites have been secretly buying up land in one of California’s poorest counties to build a new city from the ground up. Who will stop them?