How do billionaire team owners end up paying lower tax rates not only than their millionaire players, but even the person serving beer in the stadium? Let’s go to the highlights.
Tax laws allow owners to claim that their teams lose value, lowering their tax bills. The government misses out on billions in revenue.
We are tempted into believing that a system can be defended that allows a man to accumulate more than $100 billion. It can’t.
With plagues, political dysfunction and near-Dickensian economic differences rampant, a Mother Jones editor charts the lives of the super rich, showing the fascinating, otherworldly realm they inhabit—and the insidious ways this realm harms us all.
"Walmart, which pays its CEO nearly 1,000 times more than its average worker, would pay up to $855 million more in taxes."
The increase in US billionaire wealth has surpassed $1.1 trillion since mid-March, 2020, more than enough to pay for all the relief for working families contained in the $1.9 trillion coronavirus relief package proposed by President Biden.
Trump didn't get there on his own. Many have enabled him, especially the billionaires who funneled money his way and then stood by as he damaged our democracy.
Avatar made no secret of its political edge, but the distribution of wealth may be the franchise's most consistent target of criticism.
A new report shows that the world’s top 1 percent is responsible for double the emissions of the entire bottom half of the planet. The message is clear: to fight climate change, we have to fight the ruling class.
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