On Tax Day, there’s more than one elephant in the room, and they’re all in mansions.
The upward redistribution of income has cost Americans workers $50 trillion over the past several decades. On average, extreme inequality is costing the median income full-time worker about $42,000 a year.
Policymakers should reconsider how the tax code treats the most well-off. Here is a closer look.
Apart from filling corporate coffers and the pocketbooks of the 1 percent, the $1.9 trillion cut has put the federal government in a financial straightjacket.
Amid rampant inequality in America, Disney workers’ fight for a living wage could serve as inspiration for others
Moving to a Graduated State Income Tax in Illinois. The state tax system would become fairer, more sustainable, and better for the Illinois economy. All that’s needed is the bipartisan political will.
The richest Americans now live 10-15 years longer than the poorest.
"The proletariat of each country must, of course, first settle matters with its own bourgeoisie," Marx wrote, but the corporate class formatively battles internationally, including locating fake corporate headquarters to low-tax nations, in effect bleeding their home sovereign nations of tax dollars, starving state services and aiding in turning both governing and opposition parties into austerity regimes. This book and film chart the practice and ways to combat it.
The disparities in wealth that we term “income inequality” are no accident, and they can’t be fixed by fiddling at the edges of our current economic system. These disparities happened by design.
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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