Despite disappointing election results, Podemos party leader Pablo Iglesias has had an impact on his country’s political landscape and vows to continue to fight to reverse extreme inequality.
A prominent Filipino activist and political leader reflects on the history of global inequality trends and how to take power back from today’s hyper-rich.
To narrow the vast economic gaps that divide us, we can’t just tax billionaire paychecks. We need to begin seriously taxing the enormous wealth billionaires have already amassed.
This week’s edition of America’s top progressive weekly features a cover story that spotlights how we can ‘unrig the rules and reverse runaway inequality.’
With outright lies dominating estate tax debate on Capitol Hill, two Washington Post columnists have different takes on the untruths of the anti-tax crowd.
A tiny tax on global personal wealth over $1 million could ensure that no child anywhere has to live in extreme poverty. That’s the takeaway suggested by the data in new reports on wealth and income distribution from the Credit Suisse Research Institute and the World Bank.
Detroit’s property tax base, diminished and badly-assessed, could still fund a renewal if Michigan would only read its history and find the political will.
America’s deepest pockets, a new Congressional Budget Office report shows, are saving big bucks from the U.S. tax code’s wide assortment of income tax breaks. They’re saving even more, other studies help show, from the absence of an annual wealth tax.
Austerity budgets are spreading all across the world, at the same time wealth, new data show, has become more concentrated at the global economic summit than ever before. From Cairo to Palo Alto, California, even some conservative analysts are now talking wealth tax.
Another global financial analysis firm has just tallied how much net worth is sloshing around in the pockets of the world’s most spectacularly wealthy. This tally zeroes in on personal fortunes over $30 million. When will the time finally come to stop the counting — and start the taxing?
Students of modest means must pay a stiff price to build their capacity to contribute to society — and pay interest if they can’t afford that price. A wealth tax could apply this same principle to America’s rich.