Tag: tax the rich
So-called ‘centrists’ are really incredibly dangerous extremists
Their supposed “seriousness” poses a serious threat to everyone but the small group of elites whose short-term interests they actually represent. by Peter Bloom Tuesday, October 5, 2021 After a half decade of progressive political gains,…
Why Gil Scott-Heron’s ‘Whitey on the Moon’ still feels relevant today
Recent space flights by multi-billionaires highlight the extreme economic inequality in America. Joe Raedle/Getty Images A.D. Carson, University of Virginia Not long after the July 20, 1969, Moon landing, Gil Scott-Heron – a poet hailed as…
Millions set to receive surprise tax bills for pandemic jobless benefits
‘We Should Be Taxing the Rich, Not the Unemployed’ Democrats are facing pressure to act fast to stave off an “easily avoidable political disaster.” by Jake Johnson, staff writer March 2, 2021 With tax season…
As US mourns 500,000 lives lost, report shows billionaires added $1.3 trillion to their fortunes during pandemic
“It is unseemly that billionaires have experienced such gains as we mark a half a million lives lost and millions more who have lost their health, wealth, and jobs.” by Jake Johnson, staff writer Wednesday, February…
CBO warns employment won’t recover until 2024, GOP offers 3-month extension of jobless aid
‘Inhumane’ “Workers who have lost their jobs through no fault of their own shouldn’t be constantly worrying that they are going to lose their income overnight.” by Jake Johnson, staff writer Monday, February 1, 2021 As…
‘How about a counter-argument based on fact?’: Warren tells CNBC host over two-cent Wealth Tax criticism
“The wealthiest in this country are paying less in taxes than everyone else,” said the Democratic senator. “If they added a two-cent wealth tax, they’d still be paying less than most of the people in this…
‘Cry me a river’: Sanders hits back as billionaire investor whines about potential tax hikes
“Oh look, another billionaire is mad that he might have to pay more taxes while children in America go hungry and veterans sleep on the street.” by Jake Johnson, staff writer Friday, January 29, 2021 As…
$1.1 trillion Billionaire wealth gain during pandemic could fully fund Biden relief plan for Working class
“We should tax these windfall gains to pay for recovery.” by Jake Johnson, staff writer Tuesday, January 26, 2021 The $1.1 trillion in wealth that America’s billionaires have collectively gained during ten months of pandemic and…
Susan Collins, supporter of $1.5 trillion in tax cuts for the rich, claims $1,400 survival checks not ‘targeted’ enough
“Susan Collins didn’t care so much about the ‘rich people getting more than they need’ issue when it was massive upper income tax cuts on the table.” by Jake Johnson, staff writer Monday, January 25, 2021…
Rich mostly fine but poorest ‘completely crushed’ after Covid-19 triggered ‘most unequal’ recession in modern US history
A new analysis by the Washington Post found that the coronavirus recession has eliminated low-wage jobs at around eight times the rate of high-wage jobs. by Jake Johnson, staff writer Thursday, October 1 While the ongoing…
US slammed as ‘Rogue State’ for withdrawing from global effort to make tech giants pay fair share in taxes
“It is a provocation… to all the citizens of the world who say that it is still legitimate for all the digital giants to pay their taxes.” by Jake Johnson, staff writer Thursday, June 18 The…
America’s rich refugee crisis
By Jim Hightower The prospect of a 2 percent tax on wealth over $50 million has rich Americans considering expatriating. This is a make or break year for many migrants seeking to improve their families’ financial…
