“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 […]
Sens. Sheldon Whitehouse and Dick Durbin demanded details from “court fixer” Leonard Leo and two billionaires who were featured in recent reporting on Justice Samuel Alito. A pair of Senate Democrats on Wednesday pressed Federalist Society co-chair Leonard Leo and two right-wing billionaires to provide a detailed accounting of all gifts and hospitality they’ve provided […]
Billionaires have seen their wealth skyrocket over the past two years, adding roughly $2.7 billion per day to their fortunes while ordinary people struggle to afford basic necessities. As the world’s corporate and political elite convened in Davos, Switzerland for the first winter World Economic Forum in three years, an analysis published Monday by Oxfam International […]
“Pharma execs and shareholders are making a killing from a crisis they helped to create,” said one justice campaigner. In the first week that the Omicron variant sparked global fears of a new wave of infections, a small handful of investors and executives with Pfizer and Moderna—currently the world’s preeminent makers of Covid-19 vaccines—saw over $10 […]