Economist Gabriel Zucman’s analysis reveals that for the first time, U.S. billionaires have a lower effective tax rate than working-class Americans, sparking a renewed debate on wealth tax.
New era of inequality: Billionaires pay less in taxes than the working class
Tag: distribution of wealth
On the strategic relationship between Venezuela and China
During a state visit to the People’s Republic of China in September 2023, Venezuelan president, Nicolas Maduro met president Xi Jinping and both agreed to strengthen the relationship of their countries by establishing seven sub commissions to elevate it to the level of ‘all-weather strategic partnership’. This is the culmination of a relationship that began with president Hugo Chavez’s first visit to Beijing in 1999, the very first year of his presidency.
On the strategic relationship between Venezuela and China
Visions of inequality
In this next of a series of reviews of some important books published this year, I look at Branco Milanovic’s Visions of Inequality.
Visions of inequality
Twenty Years Later, an Update From Iraq: ‘There Is No Future Here for My Children.’
Corruption, pollution, poverty, water shortages, and a climate of fear. Is this what democracy looks like?
Twenty Years Later, an Update From Iraq: ‘There Is No Future Here for My Children.’
Obama Wants to Help Libya…LOL!
Gabon Opposition Leader Alleges the Ousted President’s Family Arranged the Coup to Retain Power
Gabon’s opposition leader is accusing the family of the recently ousted president of engineering his removal from power as a way of retaining their control in the oil-rich Central African nation
Gabon Opposition Leader Alleges the Ousted President’s Family Arranged the Coup to Retain Power
Video via The New Tourist
Related:
Disputed election sparks beginning of the end of 56 years of Bongo family rule
Ali Bongo’s presidency has also been marked by a distancing from France. When he first came to power in 2009, Bongo recalled Gabon’s ambassador to Paris after France’s prime minister appeared to question the legitimacy of his election.
“Ali Bongo has never stopped distancing himself from Paris,” said Glaser. “His favourite capital is London and he has very good relations with the Americans, with China and also with Muslim countries, including Morocco. In the post-colonial period, if there’s one [African] country that has truly gone global, it’s Gabon.”
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Welfare Queens and Welfare Fraud
The Rise and Reign of the Welfare Queen
Researcher links government assistance program to much earlier origins of welfare stereotypes
How Bill Clinton’s Welfare Reform Changed America
But based on several studies of TANF and its beneficiaries, “it barely reaches even the poorest Americans, and has all but ceased doing the work of lifting people out of poverty,” according to the Atlantic. “‘Welfare reform’ didn’t fix welfare so much as destroy it, and if similar changes were applied to Medicaid and food stamps, they would likely do the same.”
Americans believe benefits fraud is common for SNAP
Experts say that deliberate SNAP fraud is uncommon because of the rigorous application process and multi-step eligibility review. In 2016, the Congressional Research Service determined that for every 10,000 households participating in SNAP, about 14 contained a recipient who was investigated and determined to have committed fraud.
Who Is Really Responsible for Welfare Fraud?
In other words, don’t take a single example or casual observation of welfare fraud and claim it represents the tens of millions of poor who receive welfare benefits.
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While welfare fraud committed by the poor appears to be low, the federal government has long recognized businesses being the true criminals.
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While these are some of the better known examples of large scale welfare fraud, they are not the only ones. The above cases alone represent over $25 Billion in welfare fraud recovery. The criminals having the greatest impact committing welfare fraud against the government are not the poor, but the privately owned businesses that take advantage of them.
Brett Favre Is The Welfare Queen Republicans Warned Us About
Updates:
Biggest Perpetrators of Welfare Fraud Are Private Companies, Not ‘Welfare Queens’
French Radical Protests: Can the Sinister Fascist Traits of Capitalism be Overcome?
President Macron is not a king but a pawn of global finance
The current tenant of the Elysee Palace has been called by NUPES, the left coalition opposition in France, a President-King. To do so is to give him a bigger role and more power than what he has. In reality, Macron is just one of the numerous figure heads of the billionaire class that meets in Davos once a year. The power resides there, concentrated, often anonymous and always brutal in a masquerade of do-gooders. In Davos, the financial Masters of the Universe, posturing as philanthropists, have been in reality jealously protecting the complex Gordian Knot that is global capitalism. Perhaps France’s radical protesters, in their quasi insurrection form, are trying to emulate Alexander the Great by putting this giant Gordian Knot to the sword!
French Radical Protests: Can the Sinister Fascist Traits of Capitalism be Overcome?
[2014] If Apple Were A Worker Cooperative, Each Employee Would Earn At Least $403K
Apple has 98,000 employees and earned $39.5 billion after tax over the past year. If Apple was a worker cooperative, then each employee would’ve received a $403,000 dividend on top of their salaries. Even the lowest paid worker would’ve earned at least $403,000 in Apple as worker cooperative.
If Apple Were A Worker Cooperative, Each Employee Would Earn At Least $403K
MLK Day Special: Class Struggle and Dr Martin Luther King Jr.
The US claims to honour his memory, even as it defiles his dreams.
MLK Day Special: Class Struggle and Dr Martin Luther King Jr.
Ms. Cat’s Chronicles 
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