Biden is not going to quadruple anybody’s taxes, but he will increase the tax burden on the very rich. The richest 5 percent of taxpayers would bear almost the entire burden of Biden’s plan, which would raise $2.8 trillion over the next decade...
"Working people and our movement have to unapologetically claim victory for what we've won, because we want to spread these victories to other cities."
The strikes in France continue! In the past few months the electrical workers have taken up the mantle of Robin Hood by cutting power to the rich and reconnecting the poor.
The Chicago Teachers Union (CTU) is bringing a holistic approach to bargaining to benefit both their members and students. This means bringing common good demands such as affordable housing and sanctuary schools into the contract negotiations...
A 70 percent marginal tax rate might not be realistic—but that doesn’t matter. Just proposing a 70 percent marginal tax rate has restructured a debate over taxes.
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Four out of every five - or more - have said the government makes them feel either angry or frustrated. These frustrated Americans may not fully realize it, but there's a strong case for more government - not less - as the most promising way to improve the nation's standard of living. The American government pretty much stopped growing when the civil rights movement forced whites to share public space with African Americans, then Latinos, Asians and Native Americans.
In a speech challenging both national and global inequality, with a particular focus on France and South Africa, economist Thomas Piketty concluded with calls for taxes on wealth, and a public global registry of financial assets to make that possible. The speech evoked a frenzy of comment - from praise to denunciations of Piketty's analysis as Marxist or alternately, unrealistic, to those who criticized him for having a flawed analysis that disregarded Marxist insights.
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