Rich Americans pay only about 2 percent on inherited fortunes, “less than one-seventh the average tax rate on income from work and savings.”
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“Hope…is not the same as joy that things are going well…or…headed for early success, but rather an ability to work for something because it is good...”
With plagues, political dysfunction and near-Dickensian economic differences rampant, a Mother Jones editor charts the lives of the super rich, showing the fascinating, otherworldly realm they inhabit—and the insidious ways this realm harms us all.
On Tax Day, there’s more than one elephant in the room, and they’re all in mansions.
"We don't just need a wealth tax, we also need to give the IRS the tools it needs to make sure the ultra-rich finally pay their fair share."
For the “typical” or median worker, declining unionization over the last four decades translates to a loss of $1.56 per hour worked, the equivalent of $3,250 for a full-time, full-year worker.
Legislation that expands collective bargaining by enabling workers to choose union representation and strengthens union rights is critically important to restoring wage growth and wage equality.
The increase in US billionaire wealth has surpassed $1.1 trillion since mid-March, 2020, more than enough to pay for all the relief for working families contained in the $1.9 trillion coronavirus relief package proposed by President Biden.
Trump didn't get there on his own. Many have enabled him, especially the billionaires who funneled money his way and then stood by as he damaged our democracy.
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