“Congress must not accept this unjustifiable, $10.3 billion giveaway,” said the office of Sen. Ron Wyden, who is leading the repeal effort. The Republican-controlled US Senate is expected to vote Tuesday on a Democratic resolution aimed at overturning a major tax giveaway to large corporations that the Trump administration quietly implemented last year without congressional approval. The Congressional Review […]
“Not only is it necessary to impose a stronger burden of justice on billionaires, but more importantly, it is possible.” Seven Nobel laureates on Monday published an op-ed advocating for “a minimum tax for the ultrarich, expressed as a percentage of their wealth,” in the French newspaper Le Monde. “They have never been so wealthy and yet contribute […]
“The capture of our global economy by a privileged few has reached heights once considered unimaginable,” said the executive director of Oxfam International. An Oxfam report published Monday shows that the combined wealth of the world’s billionaires surged three times faster in 2024 than the previous year, rising by $2 trillion as efforts to combat global poverty remained […]
“In 2024, these billionaire families used their enormous wealth to make record-breaking political contributions to secure a GOP trifecta,” reads a new report. The children of the richest families in the U.S. are well-known for spending their vast wealth on frivolous luxuries—constructing a replica of a medieval church on their acres of property, in the […]
