It’s hardly surprising that if a Democrat wins the White House, taxes on wealthy Americans and corporations will probably go up. How they’ll go up is the more interesting question.
Every day, private jets take off from London carrying a single passenger, mostly flying to Russia and the US. Each of them is filled with 32,000 litres of fuel. That’s as much fossil energy as a small African town might use in a year.
Until the contented classes wake up and organize for change, history has shown, our country will continue to slide in the wrong direction.
Warren Buffett, Jeff Bezos, and Bill Gates: their combined wealth exceeds the wealth of the bottom 50% of Americans.
The biggest economic story of our time isn’t about supply and demand. It’s about institutions and power.
Centrist liberalism is dead, and Trump is a disaster. But progressives can use what he’s done to remake America and its place in the world. Donald Trump has shaken up … Continue reading →
George Monbiot: Capitalism is destroying the Earth. We need a new human right for future generations
The young people taking to the streets for the climate strike are right: their future is being stolen. The economy is an environmental pyramid scheme, dumping its liabilities on the young and the unborn. Its current growth depends on intergenerational theft.
When corporations do not pay their fair share of taxes, there is less money to invest in public services, sustainable infrastructure and social protection, which are the key drivers for … Continue reading →
The racial wealth divide gives billionaires more power over all of us. The answer? Reparations.
Julia Conley: As Public Shouts Approval for Ocasio-Cortez’s 70% Tax Rate for Ultra-Rich, Elites at Davos Admit: “It’s Scary”
“It’s wild that some people are more scared of a marginal tax rate than the fact that 40 percent of Americans struggle to pay for at least one basic need, … Continue reading →
For the French, equality is a positive value; whereas here at home calls for greater equality are fought by evoking fear of creeping “communism” and—with racist undertones—the coddling of the … Continue reading →
Greater equality of wealth and opportunity can only be achieved through progressive policies, now and in 2020. The Inequality to be Suffered by Our Children The fortunate ones will not … Continue reading →
Supreme Court Justice Louis Brandeis warned in 1941, “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but … Continue reading →
An investigative journalist explores the cause of economic disparity in the United States, its effects, and what we can do to correct our course as a country. In the earlier … Continue reading →