Tag: wealth inequality
"Between 1989 and 2018, the top 1 percent increased its total net worth by $21 trillion."
In addition to boosting wages, it will take major policy changes, like making child care more universally available and affordable, to offset the skyrocketing costs of living for American workers.
As the mad globalization of the economy and the funneling of all wealth to the tiniest segment of the ultra-rich carries on apace, perhaps the rest of us, struggling just to make the monthly payments for shelter and food, are losing that primal urge so critical to species survival.
As the agency’s ability to audit the rich crumbles, its scrutiny of the poor has held steady in recent years. Meanwhile, a new study shows that audits of poor taxpayers make them far less likely to claim credits they might be entitled to.
Not only would a wealth tax raise revenue and help bring the economy back into balance, but it would also protect our democracy by reducing the influence of the super-rich on our political system.