Friday, April 26, 2024

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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Shock and awe at UT Austin as state troopers in riot gear quash student...

An aggressive show of force by Texas state troopers raises questions about the right to peaceful assembly, as students at the University of Texas at Austin face riot gear and arrests during a Gaza solidarity protest.

Trump faces contempt charges over gag order violations

In a contentious courtroom showdown, former President Donald Trump may face criminal contempt charges as he's accused of flouting a judicial gag order, casting a spotlight on his ongoing legal battles.

UK sets new standard as renewables outpace fossil fuels in power generation

For the first time, wind energy leads the charge in the UK's power grid, marking a pivotal shift towards cleaner, sustainable electricity amid global environmental concerns.
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The case against RFK Jr.

Would RFK Junior be just another crackpot in the growing pool of fringe politicians?

How Summer Lee’s landslide victory defies billionaire influence in politics

In a resounding rejection of billionaire-funded opposition, U.S. Rep. Summer Lee secures a primary win, highlighting a growing resistance against corporate and dark money in American politics.