As part of sanctions against Russia’s invasion of Ukraine, the United States, United Kingdom, and other European Union nations are cracking down on Russian oligarchs, freezing assets and tracking the yachts, private jets, and luxury real estate holdings of oligarchs. Continue reading
A new analysis, “Taxing Extreme Wealth,” by the Fight Inequality Alliance, Institute for Policy Studies, Oxfam, and Patriotic Millionaires found a shocking rise in global wealth among the world’s richest people despite deepening inequality during the Covid-19 pandemic. Continue reading
Legislators in Washington state are taking bold steps towards instituting a state-level wealth tax. The proposed tax is a 1 percent levy on wealth over $1 billion, applying to fewer than 100 households in the state. Continue reading
Donald Trump’s tax returns are a stark illustration of what’s broken with the US tax system: the tax code has one set of rules for the richest 0.1% and another for everyone else. Continue reading
On September 20, the International Consortium of Investigative Journalists (ICIJ) –the reporters who brought us the “Panama Papers” and the “Paradise Papers”—released the “FinCEN Files,” in collaboration with Buzzfeed News. Continue reading
Beware of the specter of socialism! Continue reading
The Republicans can’t control their baser greed impulse, as revealed in their latest move to abolish the federal estate tax, our nation’s only levy on the inherited wealth of the super-rich. Continue reading
As the government shutdown drags on, the image of federal workers lining up at food pantries has dramatized just how many workers live financially close to the edge. Continue reading
The rich are hiding trillions in wealth. Continue reading
It isn’t easy being a millionaire these days, especially if you’ve got less than $20 million. Fortunately, Congress is watching out for you. Continue reading
After this summer, President Trump and the Republican Congress have one big item on their agenda: taxes. Specifically, cutting them for the rich. Continue reading
If you find yourself traveling this summer, take a closer look at America’s deteriorating infrastructure—our crumbling roads, sidewalks, public parks, and train and bus stations. Continue reading
Members of the House GOP were in a hurry on May 4 to pass their bill to gut Obamacare. They rushed it through before anyone even had a chance to check its cost or calculate its impact on people’s access to insurance. Continue reading
Throughout this trying election season, we’ve been told how much is at stake with our vote. But the success of any democracy depends on continuing to pay attention long after we cast our ballots. Continue reading
Thousands of Native Americans at Standing Rock in North Dakota are protesting a pipeline project that puts their water supply at risk, threatens to plow up their sacred sites, and would worsen climate change. Continue reading
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The simplest, most effective, and popular way to fund the jobs bill
Even Trump voters like the idea of a modest extra tax on multimillionaires.
Posted on September 27, 2021 by Chuck Collins
As lawmakers scramble to finalize a historic jobs and infrastructure package, huge fights are underway to figure out how to fund it. Continue reading →