A new report explains how inequality contributed to the death of 21,000 people each day of the pandemic while the wealthiest collectively got $1.2 billion richer every 24 hours.
“By taxing 60% of the wealth gains made by just 467 billionaires during this horrific pandemic, we could guarantee healthcare as a right for an entire year.”
At least 60 companies reported 2018 federal tax rates amounting to effectively zero, or even less than zero, on U.S. pretax income, more than twice as many compared to previous years — a partial result of the 2017 Trump tax law — according to a new report.
How did the Nordic countries become more equal? Simple: they attacked the wealth of the super rich.
A new report shows how the United States is lining corporate executives’ pockets with tax dollars.
In Los Angeles, one of America’s richest cities, with the backdrop of Hollywood glitz and glamour for the wealthy, privileged elite luxuriating in their sprawling, majestic estates, a staggering 60,000 people live without shelter, many sleeping on the disease-infested sidewalks, while the country’s 3 richest billionaires hoard more wealth than the bottom 50% of all Americans.
Last year it was 8 men. By the beginning of 2017, it had dropped down to 6; now it’s almost 5. While Americans fixate on the latest Donald Trump drama, the super-rich Read More…