“The extreme emissions of the richest, from their luxury lifestyles and even more from their polluting investments, are fueling inequality, hunger, and—make no mistake—threatening lives.” With the world on track for 3.1°C of warming this century, Oxfam International on Monday blamed global billionaires who—with their superyachts, private jets, and investments—emit more carbon pollution in 90 minutes of […]
“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 […]