Taxes

By Paul Kiel, Ash Ngu, Jesse Eisinger and Jeff Ernsthausen | – ( ProPublica ) – Which people and professions rake in the most income year after year? Which are most adept at shielding that money from the taxman? And what does this tell you about America? The top earners, of course, are often fodder […]

Cold War

I may have failed as a Tax Resister, but Corporate America is Hugely Successful at it

Rebecca Gordon

( Tomdispatch.com) – Every April, as income-tax returns come due, I think about the day 30 years ago when I opened my rented mailbox and saw a business card resting inside. Its first line read, innocently enough, “United States Treasury.” It was the second line — “Internal Revenue Service” — that took my breath away. […]

Children

Why Are We Torching Our Best Tool to End Child Poverty?

Inequality.org

By Clara Moore | – ( Inequality.org) – I’ve just picked her up from the homeschool co-op that supplements the first-grade lessons we’ve been doing at home, and we’re hanging out at the park. This is my favorite time of the week, watching her play with other kids. But I’m also remembering my own childhood […]

Food Insecurity

The Year in Inequality in 10 Charts: Our Economic and Racial Divides grew Wider in 2021

Inequality.org

Blogging Our Great Divide by Sarah Anderson Brian Wakamo | – A year ago we had such high hopes. We expected the Covid vaccine rollout to bring a swift end to the pandemic, opening a window for pushing bold solutions to the long-standing economic, racial, and gender divides that had grown even wider under Covid. […]

Carbon Footprint

Don’t care about the Build Back Better Act? Hearing People’s personal Stories might change that

The Conversation

By Angela Bradbery | – When U.S. Sen. Joe Manchin, D-W.Va., said that he wouldn’t support President Joe Biden’s signature Build Back Better Act, he set off a wave of breaking news alerts. It was fitting. For months, media coverage has breathlessly focused on the behind-the-scenes wrangling and hour-by-hour negotiations around the legislation. How much […]

Inequality

These Real Estate and Oil Tycoons Avoided Paying Taxes for Years: The Secret IRS Files on the .01%

ProPublica

By Jeff Ernsthausen, Paul Kiel and Jesse Eisinger | – ( Propublica) – Here’s a tale of two Stephen Rosses. Real life Stephen Ross, who founded Related Companies, a global firm best known for developing the Time Warner Center and Hudson Yards in Manhattan, was a massive winner between 2008 and 2017. He became the […]

Pentagon

Can the Runaway Pentagon Budget ever be Reined in?

Tomdispatch

By Mandy Smithberger and William Hartung | – Even as Congress moves to increase the Pentagon budget well beyond the astronomical levels proposed by the Biden administration, a new report from the Congressional Budget Office (CBO) has outlined three different ways to cut $1 trillion in Department of Defense spending over the next decade. A […]

Inequality

U.S. Billionaire Wealth Surged by 70 Percent, or $2.1 Trillion, During Pandemic

Institute for Policy Studies

By Chuck Collins | – (Institute for Policy Studies) – Sen. Wyden’s billionaires income tax tapping those huge returns could raise big revenue to fund President Biden’s Build Back Better investment plan. America’s billionaires have grown $2.1 trillion richer during the pandemic, their collective fortune skyrocketing by 70 percent—from just short of $3 trillion at […]

Employment

We don’t need a Debt Ceiling, we Need Gov’t to Invest in Truly Rewarding Jobs

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – Who is at fault for a standoff on the debt ceiling? Republicans are the obvious choice because when in power deficits don’t matter but out of power deficits and a growing debt are the path to hell. Deficits will burden our grandchildren and so we must accept […]