Thursday, August 5, 2021

Tag: wealth inequality

America’s billionaires: Borrowing their way to ever more fabulous fortunes

Their current combined fortune: $4.7 trillion, up $1.8 trillion since the pandemic began.

The fake heroism of space billionaires

We’ve privatized almost everything else, but no one can privatize heroism.

Democratic senators call for investigation of tax avoidance by the ultrawealthy

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.”

Why Closing the Digital Divide Will Strengthen America and Help US...

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.

The ultra wealthy have hijacked Roth IRAs. The Senate Finance chair...

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.

Can we conquer our grand dynastic family fortunes?

We most certainly can. We have history on our side.

New Analysis reveals how little the top .001% pay in taxes

“Looks like the biggest tax story of the year, if not the decade.”

The wealth supremacists

The For the People Act targets both white supremacists and wealth supremacists, which is why it’s hugely popular with the public but is running into roadblocks even among Senate Democrats.

How the Federal Reserve is increasing wealth inequality

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.

A third of U.S. billionaire wealth gains since 1990 have come...

U.S. billionaire pandemic profit balloons to $4.56 trillion, a 55 percent increase.

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Obama wants his private presidential center on public land—and mainstream media is looking the...

Advocates say an alternate site in Washington Park is less disruptive and more beneficial to the community and the environment.

A global anti-Olympics movement rises to challenge the games’ darker side

“The Olympics Games put tremendous pressure on the host city’s local budget, crash the democratic government process and destroy the environment."

The far right’s new-old war on women

From the Trumpists who attacked the U.S. Capitol to far-right populists in Europe, insecurities about women are a major ideological motivation that often goes underappreciated. Mainstream conservatives, in particular, should be wary of the role that gender issues play in opening the door to extremists.

The Right’s grotesque, negative learning curve is steadily demolishing its national brand

For a white nationalist base obsessed with “losing its country” (and dominance) to outsiders and non-whites, won’t chronic, severe political whoppers achieve exactly its worst fear?

How Civil Rights Leader Bob Moses used math literacy to push for racial equality

The Algebra Project is a nonprofit dedicated to helping students from historically marginalized communities develop math literacy.