Monday, May 27, 2024

Tag: wealth distribution

$8.5 trillion untaxed: The urgent call for a billionaire income tax

Recent analysis reveals that America's wealthiest hold $8.5 trillion in untaxed assets, spotlighting the critical need for tax reform to address growing wealth inequality.

New stats, old story: Our rich are raking

From Swiss bank researchers, an alarming update on our global maldistribution of wealth

From the 80s to today, the top 1 percent gain trillions,...

"Between 1989 and 2018, the top 1 percent increased its total net worth by $21 trillion."

Spreading wealth to maintain consumption

What will happen if robots, AI, and automation displace a huge percentage of workers. How will there be enough consumers to buy all the goods and services produced if there is a big drop in earnings?

To Stop Climate Change, Don’t Just Cut Carbon. Redistribute Wealth.

Climate disruption is inextricably linked to economic inequality. Serious climate solutions must be, too.

A Middle-Class Tax Revolt? You Bet!!!

Welfare in the U.S. flows vertically in two directions from a single source—the middle-class. The redistribution of wealth that flows up to the rich is far greater and more concentrated than the wealth that flows down to the poor. This is a major problem.

The ‘iEverything’ and the Redistributional Imperative

The newest business model using new technologies isn't just labor-replacing, it's knowledge-replacing. As the ratio of producers to customers continues to plummet, the profits go to an ever-smaller circle of executives and owner-investors.

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Israel escalates Rafah bombing despite ICJ order to halt assault, ignoring international condemnation

Reports from Gaza reveal that Israel intensified its bombing of Rafah just minutes after the International Court of Justice ordered a halt to the military operations, prompting widespread international condemnation.

Democratic lawmakers oppose Netanyahu’s congressional address amid genocide allegations and ICC arrest warrants

As Israeli Prime Minister Netanyahu faces potential arrest warrants and accusations of genocide, House Democrats intensify opposition to Speaker Johnson’s invitation for him to address Congress.

Climate change and overuse degrade half of Earth’s pasture lands, endangering billions’ food supply

The UNCCD’s latest report reveals the alarming degradation of global rangelands, emphasizing the urgent need for sustainable management to secure food supplies and protect pastoral communities.

UAW challenges Mercedes-Benz union vote, demands new election over alleged unfair practices

The United Auto Workers union is contesting a recent vote at Mercedes-Benz’s Alabama plant, citing numerous allegations of anti-union activities by the automaker.

How workers are revolutionizing the South

Local 1025 members shared firsthand accounts of how the union boosted their wages, gave them a voice, and kept them safe on the job.