Tag: wealth inequality
Their current combined fortune: $4.7 trillion, up $1.8 trillion since the pandemic began.
Sens. Elizabeth Warren and Sheldon Whitehouse demanded an investigation into how the rich use “legal tax loopholes to avoid paying their fair share of income taxes.”
With huge disparities in internet access across America, building out the information superhighway will be as essential as modernizing roads and bridges as the nation strives to rebound from the pandemic, grow a more powerful economy and forge a brighter future for all.
Sen. Ron Wyden, chair of the Senate Finance Committee, said he planned to rein in tax breaks for gargantuan Roth retirement accounts after ProPublica exposed how the super rich used them to shield their fortunes from taxes.
We most certainly can. We have history on our side.
“Looks like the biggest tax story of the year, if not the decade.”
The Fed’s low-interest-rate policies have stabilized the economy and turbocharged the stock market. But those who don’t own lots of stocks haven’t benefited anywhere near as much as those who do.
U.S. billionaire pandemic profit balloons to $4.56 trillion, a 55 percent increase.