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.

"Do the wealthy contend that their excess wealth is needed by the economy?"

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."

We have a lot of wealth per capita. Why can't we share it?

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.