Tag: wealth inequality
59 percent in US living paycheck to paycheck as corporate profits...
"A large share of consumers are essentially living on the razor's edge."
‘Tax the Rich,’ say millionaire activists protesting at Davos amid record...
"Any millionaire who has sense enough to see that our current economic model is failing will support these protests."
Analysis shows top US CEOs made 254 times more than median...
A higher minimum wage and unions can put corporate greed in check and raise wages throughout the labor market."
The rise of the centibillionaires!
If you think wealth and power are too concentrated in the hands of a privileged few now, just imagine what a few more years of trickle-down nonsense will bring.
Can monthly cash payments make our economy more equitable?
Two guaranteed income projects in New York City and Atlanta are showing how modest monthly cash payments to low-income women of color can make a huge difference in alleviating race and gender-based economic inequities.
Tax-dodging billionaire dynasties could cost US $8.4 trillion
Over the next few decades, the richest American families could avoid paying about $8.4 trillion in taxes, or more than four times...
When you’re a billionaire, your hobbies can slash your tax bill
Thoroughbred horses, auto racing, massive ranches, luxury hotels. The hobbies and side businesses of the ultrawealthy create huge write-offs that can let them get away with paying little or no income tax for as much as a decade at a time.
Richest 1% took 38% of new global wealth since 1995. The...
"If there is one lesson to be learnt from the global investigation, it is that inequality is always a political choice."
Punishing the exploited: An exploration of the growing wealth gap
We must find momentum through our discontent, and be “outraged enough to become even more politically active.”
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Senate Democrats demand investigation into Iran school bombing as Fetterman stands apart
Nearly the entire Democratic caucus calls for a probe into a deadly strike on a girls’ school in Minab while one senator backs the military operation.
Americans skipping meals and delaying life decisions as healthcare costs strain households nationwide
New Gallup surveys show tens of millions of Americans cutting back on food, utilities, and daily necessities to pay medical bills while healthcare affordability worsens.
EPA chief met with Bayer CEO over Supreme Court fight, agency records show
The June 17 meeting, between officials at the Environmental Protection Agency (EPA) and Bayer CEO Bill Anderson and two other top Bayer executives, came as Germany-based Bayer was working to quash costly U.S. litigation.
Fossil fuels as a weapon of war:’ US-Israeli war on Iran exposes world’s dangerous...
This comes as Israel has struck oil depots in Tehran, blanketing the capital in smoke and toxic rain.
War with Iran to test China’s energy security
U.S. military action is disrupting key energy suppliers, putting China’s reliance on foreign sources to the test. Even as Beijing strengthens domestic capacity and diversifies imports, the crisis exposes the limits of its energy strategy.