Tag: rich

If capitalism were working properly, billionaires would have gone the way of the dodo.

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.

A fight over extending provisions of Trump’s tax cuts is at stake in November’s election. Ultimately, the race is about money.

We need to do more than tax high incomes. We need to limit them.

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."