“We must overturn the disastrous Citizens United Supreme Court decision and move to public funding of elections,” said Sen. Bernie Sanders. Sen. Bernie Sanders on Wednesday demanded action to curb billionaires’ outsized influence on U.S. elections after new federal filings revealed that Tesla CEO Elon Musk and other ultra-rich Americans have pumped hundreds of millions of dollars into Republican […]
Gabriel Zucman, a leading authority on tax evasion by the rich, welcomed news that Kamala Harris’ presidential campaign is embracing proposals to tax the ultra-wealthy and large corporations. An economist at the forefront of the growing global push for a billionaire wealth tax is welcoming news that U.S. Democratic presidential nominee Kamala Harris is embracing calls for a minimum […]
“This inequality is no accident; the billionaire class is ensuring corporations deliver more wealth to them at the expense of everyone else,” said Oxfam’s interim executive director. Breaking: The wealth of the world’s five richest men more than doubled since 2020 while 5 billion people globally have become poorer. ⁰⁰More on our annual inequality report […]
“While most Americans predominantly live off the income they earn from a job—income that is taxed all year, every year—the very richest households live lavishly off capital gains that may never be taxed.” An analysis released Wednesday shows that in 2022, the wealthiest people in the United States collectively held a “staggering” $8.5 trillion in wealth that […]