Canada raised its capital gains tax inclusion rate, sparking outrage from the investing class, who warned of economic disaster. The data shows that their histrionics were groundless.
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.
This book surveys how leading economists, over the last two and a half centuries, have accounted for wealth and income inequality.
Michael Graetz’s new book explains how clever marketing duped America into shoveling more tax breaks to the wealthy and corporations.
Showing that rich women in 1969 are “living in a bubble” is like demonstrating that, as ever, water is wet. But even if Palm Royale was meant to deliver messages of great satirical significance, it’s too weak to carry them.
Leopold’s new book offers a closer and more detailed look at how wealth extraction occurs, how workers bear the brunt of it, and how this dynamic challenges our political organizing efforts by labor unions and other progressive change organizations.
This study, writes reviewer Rosen, "assesses the growing gap between that super-rich millionaires and billionaires and ever-increasing number ordinary people who populate the planet."
While most Americans predominantly live off the income they earn from a job—income that is taxed all year, every year—the very richest households live lavishly off capital gains that may never be taxed.
The only way to steer American democracy to safety is to wrest money out of the claws of the wealthiest elites, who now control finances rivaling the economies of whole nations.
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