Tag: wealth inequality
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.
"A novel way to take health care etc. away from people AND make it look like there are fewer poor people – change the formula."
Other candidates, most notably Bernie Sanders and Elizabeth Warren, begrudge plenty and have specific proposals for changing the rules that let wealth keep concentrating.
More progressive and ecological taxation is essential to fund the ecosocialist Green New Deal for climate and economic security.
In 2016, the top 1 percent paid 37.3 percent of individual income taxes.
The only solution, both to alleviating the underlying problem of inequality and countering the energized far right it has produced in so many places appears to be for the left to counter it with a more positive populism of its own.