( Clean Energy Wire ) – The German government plans to introduce a power price brake that will grant electricity consumers a lower price for a fixed share of their estimated use in 2021, a presentation prepared by the chancellery and seen by Clean Energy Wire showed. The measure will be financed with taxes retroactively […]
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Taxes
In Turkey’s plunging Economy, Conspiracy and Corruption allegations Abound
By Civic Media Observatory | – ( Globalvoices.org ) – Whether on a date or at a family gathering, one topic of conversation is on everyone’s lips in Turkey: the country’s deepening economic crisis. There are several angles to the story. While Erdoğan’s government argues that the country is in an “economic war” against enemies, […]
Why Fightin’ Joe Biden may be the most Consequential President in Forty Years
Ann Arbor (Informed Comment) – Joe Biden has been easy for the pundit class to write off. He isn’t, unlike Bill Clinton or Barack Obama, a great speechifier. He overcame his childhood stutter, but he still sometimes hesitates just as he gets to an applause line. He is still the little guy who got picked […]
The Climate Case for Taxing Wealth
by Basav Sen and Bob Lord | – ( Inequality.org) – On April 25, Twitter’s board of directors announced an agreement to sell the company to Elon Musk, the world’s wealthiest person, for $44 billion. That sounds like a lot of money. But Musk can afford it. One recent estimate of the Musk fortune puts […]
Majority of Germans favor higher top Tax Rate to finance Climate Protection – Poll
By Edgar Meza | – ( Clean Energy Wire) – Some 66 percent of German households are in favour of raising the top tax rate to finance climate action, according to a survey conducted by the ifo Institute in cooperation with the forsa opinion research institute. Researchers asked households about their preferences with regard to […]
The Richest Americans pay 3.4% in Federal Taxes, a rate 5 Times Less than most People
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 […]
I may have failed as a Tax Resister, but Corporate America is Hugely Successful at it
( 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. […]
Why Are We Torching Our Best Tool to End Child Poverty?
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 […]
The Year in Inequality in 10 Charts: Our Economic and Racial Divides grew Wider in 2021
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. […]