Sunday, September 25, 2022

Tag: wealth inequality

No more sacrifices

We have become all too used to the notion that success only comes with sacrifice, even if this is anything but the truth for the wealthiest and most powerful Americans.

59 percent in US living paycheck to paycheck as corporate profits...

"A large share of consumers are essentially living on the razor's edge."

‘Tax the Rich,’ say millionaire activists protesting at Davos amid record...

"Any millionaire who has sense enough to see that our current economic model is failing will support these protests."

Analysis shows top US CEOs made 254 times more than median...

A higher minimum wage and unions can put corporate greed in check and raise wages throughout the labor market."

The rise of the centibillionaires!

If you think wealth and power are too concentrated in the hands of a privileged few now, just imagine what a few more years of trickle-down nonsense will bring.

Can monthly cash payments make our economy more equitable?

Two guaranteed income projects in New York City and Atlanta are showing how modest monthly cash payments to low-income women of color can make a huge difference in alleviating race and gender-based economic inequities.

Tax-dodging billionaire dynasties could cost US $8.4 trillion

Over the next few decades, the richest American families could avoid paying about $8.4 trillion in taxes, or more than four times...

When you’re a billionaire, your hobbies can slash your tax bill

Thoroughbred horses, auto racing, massive ranches, luxury hotels. The hobbies and side businesses of the ultrawealthy create huge write-offs that can let them get away with paying little or no income tax for as much as a decade at a time.

Richest 1% took 38% of new global wealth since 1995. The...

"If there is one lesson to be learnt from the global investigation, it is that inequality is always a political choice."

What’s being compromised?

It’s not the priorities of the wealthy, that’s for sure.

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Fed rate hikes won’t tackle the corporate profiteering behind inflation, experts tell Congress

"Interest rate hikes... will not address any of the underlying causes of our supply shortages and do nothing to address profiteering."

Peace activists hit the streets from DC to San Francisco

The Peace in Ukraine Coalition mobilized for negotiations, not escalation, in what CODEPINK describes as a proxy war threatening a direct war between the two most heavily armed nuclear nations; the United States and Russia.

The climate movement was built for a world before climate change—it’s time for a...

We need a mass movement that can deal with climate disasters by training people to both protect and mobilize their communities.

The most dangerous decade: 2018-2028

Without great restraint, diplomacy, wisdom and compromises, we will be sleepwalking into a nuclear disaster in the next decade.

As falls Russia, so falls the world

Can the heroine of this story, true internationalism, survive the onslaught of lawless maniacs bent on reviving a world of unaccountable sovereigns and promoting a war of all against all?