Small tariffs create small problems. Big tariffs create huge ones. This round of tariffs may be 50 times as painful as the ones Donald Trump instituted in his first term. That means they are going to reshape your life in much more fundamental ways.
Contrary to what some economists think, we are living in what we could call the GoFundMe Economy. Twenty-seven percent of adults have no emergency savings; only 44% could pay for an emergency expense of $1,000 or more.
We face a second insurrection today, and most people have no idea how closely it’s modeled on the first one. The new GOP motto might as well be, “We don’t need no stinkin’ issues; we just want power and revenge for the heroes of the Old South.”
Not on this planet. The wealthiest of our wealthy, a just-released report from Americans for Tax Fairness points out, are doing their best to keep these good times — for America’s rich — rolling.
A new report provides perhaps the best detail we have so far on the economic and social consequences of neo-liberal economic policies in America.
The Biden campaign would be smart to highlight the windfall a new surtax on millionaires is generating in its first year.
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Jeff Yass is a mega-billionaire who does not believe income inequality exists. He's the largest election donor in 2024.
There are now 813 billionaires with $5.7 trillion in wealth, making the ten-figure club even more powerful economically and politically. We need a progressive taxation system to reverse inequality.
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