inequality
Anew analysis from finance firm Goldman Sachs finds that if Congress doesn’t act soon to pass an eviction moratorium, 750,000 households could face eviction in the fall and winter.
The investment bank estimates that between 2.5 and 3.5 million people in ...[Read more]
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When you are very rich, you can borrow money at interest rates that are next to zero; you can also take your income in stock, rather than cash. Stock is only taxed when you sell it, and then at the lower capital gains rate, because the IRS rewards gamblin ...[Read more]
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Despite their loud public complaints to lawmakers about the supposed "economic hardships" caused by the CDC's now-terminated eviction moratorium, large real estate companies have privately touted their solid performance during the coronavirus pandemic—a ...[Read more]
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"We want to believe things are not our fault and things are so terrible and we would do better and wouldn't have to be so angry if things weren't so awful all the time," he told host Joe Scarborough. "Every age has its advantages and disadvantages. but th ...[Read more]
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A new report from Oxfam found that the world's billionaires didn't just recoup losses from the coronavirus: Their collective wealth increase could pay for the entire world's vaccinations and prevent anyone from falling into poverty.
"The increase in the w ...[Read more]
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Beginning with a "massive national call-in to every U.S. senator," the Poor People's Campaign on Monday launched a monthlong campaign to push Congress to eliminate the 60-vote filibuster, pass the For the People Act, restore the gutted Voting Rights Act, ...[Read more]
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“Fulfilling his desire to beat a fellow billionaire into the lowest verge of space, notorious tax cheat Richard Branson burned some of the money he owes his home country in order to fling himself past the troposphere so he could experience weightlessnes ...[Read more]
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Pope Francis, seeming in good overall condition, appeared in public on Sunday for the first time since undergoing intestinal surgery a week ago and made a plea for free universal healthcare. ...[Read more]
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Reynolds is one of millions of Americans who are either senior, disabled or survivors of a deceased worker, and rely on social security benefits for the majority of their income, but the average benefit of just over $1,500 a month doesn’t provide enough ...[Read more]
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Senator Bernie Sanders (I-VT) described Amazon founder Jeff Bezos' wealth as "obscene" and called for taxes on billionaires as Bezos left his role as company CEO.
Sanders took to Twitter on Monday to highlight how much Bezos earns and contrasted it with t ...[Read more]
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More than just the set of free-market policies, neoliberalism has always sought to alter the balance of power in society in favor of bosses by assaulting democracy and undermining unions — which has today played right into the hands of the far right. ...[Read more]
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