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: Loans
Biden admin awards $8.5B to Intel for advanced chips
Biden admin awards $8.5B to Intel for advanced chips
Commerce Secretary Gina Raimondo said the agreement will set the U.S. up to meet its target of producing 20% of the globe’s leading-edge chips by the end of the decade.
Speaking in Ethiopia, Professor Jeffrey Sachs says the next four decades are pivotal for Africa.
On December 12, 2023, in Addis Ababa, the Office of the Prime Minister initiated the inaugural “Perspectives” – PMO Occasional Lecture Series, featuring the esteemed international economist, Professor Jeffrey Sachs. During the event, Professor Sachs expressed optimism, stating that the next four decades will be crucial for Africa’s development.
Speaking in Ethiopia, Professor Jeffrey Sachs says the next four decades are pivotal for Africa.
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“60 Minutes” reveals how US tax dollars are supporting Ukrainian small businesses, farmers, and the salaries of 57,000 first responders
Related:
In Ukraine, American taxpayers funding more than just the military
Lindsey Graham is such a psychopath!
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
The US economy isn’t in the clear just yet because of the triple threat posed by rising oil prices, the dollar, and the Federal Reserve, according to Bank of America.
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
[2014] 14 African Countries Forced By France To Pay Colonial Tax For The Benefits Of Slavery And Colonization
Did you know many African countries continue to pay colonial tax to France since their independence till today!
14 African Countries Forced By France To Pay Colonial Tax For The Benefits Of Slavery And Colonization
Joe Biden’s Aid to Hawaii vs Ukraine Aid Compared: What We Know
The Biden administration has been criticized in recent days over the support offered to survivors of the deadly wildfires in Maui, compared to the billions in U.S. aid sent to Ukraine.
Joe Biden’s Aid to Hawaii vs Ukraine Aid Compared: What We Know
To date, the Biden-Harris Administration has approved nearly $7 million in assistance to nearly 2,200 households, including nearly $3 million in initial rental assistance.
White House Calls for $40 Billion Supplemental
If enacted, the supplemental would provide $24.0 billion of additional aid to Ukraine – on top of the $113 billion the United States provided in 2022 alone. This includes $13.1 billion of military aid and replenishment of Pentagon weapons stocks, $8.7 billion of economic and humanitarian aid, and $2.3 billion to leverage additional aid from other donors through the World Bank.
That’s approximately $137 billion to Ukraine, $10 million, or so, for Hawaii (in soft loans and rental assistance)!
Half of America’s banks are potentially insolvent – this is how a credit crunch begins
The twin crashes in US commercial real estate and the US bond market have collided with $9 trillion uninsured deposits in the American banking system. Such deposits can vanish in an afternoon in the cyber age.
Half of America’s banks are potentially insolvent – this is how a credit crunch begins
Bannon, Guo, Yan: Where a Populist Right Idol Gets His Funding
As we roll into the 2024 political season, you can rest assured the political right will be posturing more and more against China, while rightfully calling for an end to Ukraine aid. This trend was highlighted by a long line of recent Republican congressional and senatorial candidates (Joe Kent, Blake Masters, Matt Gaetz, Marjorie Taylor Greene, J.D. Vance, Mehmet Oz, etc).
Bannon, Guo, Yan: Where a Populist Right Idol Gets His Funding (archived)
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
Ms. Cat’s Chronicles 
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