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: wealth tax
Democrats Lambast GOP Plan to Abolish Income Tax and Impose 30 Percent Sales Tax
UK Study Reveals Huge Emissions Gap Between Top 1% and Poorest
Lifestyles of the “polluting elite” bear little resemblance to those of the rest.
The top 1 percent of earners in the UK are responsible for the same amount of carbon dioxide emissions in a single year as the bottom 10 percent emit over more than two decades, new data has shown.
UK Study Reveals Huge Emissions Gap Between Top 1% and Poorest
With Bezos at the Helm, Democracy Dies at the Washington Post Editorial Board
CONFIDENTLY WRONG
In the Soviet Union, everybody was aware that the media was controlled by the state. But in a corporate state like the U.S., a veneer of independence is still maintained, although trust in the media has been plummeting for years.
With Bezos at the Helm, Democracy Dies at the Washington Post Editorial Board
Class Struggle Built the Welfare State!
By Asbjørn Wahl
The welfare state wasn’t created by enlightened dialogue or “sensible” moderate politics. It was a concession won by workers against bosses through decades of struggle.
Class Struggle Built the Welfare State!
‘Divisive’: How Corporate Media Dismiss Ideas Unpopular With Elites
$427 billion lost each year to tax dodging by corporations and the rich: landmark study
$427 billion lost each year to tax dodging by corporations and the rich: landmark study
To ensure countries around the world don’t continue to lose hundreds of billions of dollars each year which could go to strengthening their public health, infrastructure, and education systems, the Tax Justice Network said, governments must promptly take three far-reaching actions:
– Introduce an excess profit tax on multinational corporations making excess profits during the pandemic, such as global digital companies, in order to cut through profit shifting abuses.
– Introduce a wealth tax to fund the Covid-19 response and address the long term inequalities the pandemic has exacerbated, with punitive rates for opaquely owned offshore assets and a commitment between governments to eliminate this opacity.
– Establish a UN tax convention to ensure a global and genuinely representative forum to set consistent, multilateral standards for corporate taxation, for the necessary tax cooperation between governments, and to deliver comprehensive, multilateral tax transparency.
Faux Generosity: How Bill Gates Bought His Power and Influence
The Faux Generosity of the Super-Wealthy: Why Bill Gates is a Menace to Society
If Gates represents a net negative force in world politics, why does he receive such good press? For starters, he makes sizeable donations to a host of mainstream corporate media outlets.
Ms. Cat’s Chronicles 
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