Tag: Tax the Rich

Australian Wealth Gap, Wealth Abyss, Wealth Inequality

Top 1 per cent bags over $40 trillion in new wealth during past decade as taxes on the rich reach historic lows

Here in Australia, billionaires have increased their wealth by 70.5% or $120 billion since 2020. Australians are increasingly concerned about this growing inequality and support a wealth tax to address it. This is evidenced by newly released YouGov polling commissioned by Oxfam. The polling shows

  • 76% of Australians are concerned about the growing wealth gap between the ultra-rich and everyday people
  • 74% Support a wealth tax of people with wealth of over $50 million
  • 63% Support wealth tax proceeds being used to reduce inequality

Top 1 per cent bags over $40 trillion in new wealth during past decade as taxes on the rich reach historic lows

Child Molestation

The Return of GOP-backed Child Labor is another Good Reason to Tax the Rich

How American does Australia want to be?

horrors are reappearing.

The number of kids employed in direct violation of existing child labor laws, the Economic Policy Institute reported this year, has soared 283 percent since 2015 — and 37 percent in just the last year alone.

More recently there was the alarming news that three Kentucky-based McDonald’s franchising companies had kids as young as 10 working at 62 stores across Kentucky, Indiana, Maryland, and Ohio. Some children were working as late as 2 a.m.

Source: The Return of GOP-backed Child Labor is another Good Reason to Tax the Rich

ALP Government,

Taxing the super-rich a good start to ending wealth inequality

Pressure is mounting for the Albanese Government to end the Coalition’s legacy of neoliberalism and take steps towards wealth equality, writes Bilal Cleland.

Source: Taxing the super-rich a good start to ending wealth inequality

TAX

Let’s Go after the Ill-Gotten, Tax-Evading Gains of All Oligarchs, not just Russian Ones

Can we please get serious about taxing the rich? Polls show that hefty majorities of people in the United States — and around the world — believe the rich ought to be paying more at tax time. Yet our contemporary don’t-tax-the-rich era has now entered its fifth consecutive decade. Egalitarian tax policy, you could say, has hit a rough patch.

Source: Let’s Go after the Ill-Gotten, Tax-Evading Gains of All Oligarchs, not just Russian Ones

Wealth Inequality

Global Wealth Inequality Is Deadly | The Smirking Chimp

All the World Economic Forum’s Davos panels and the combined philanthropy of the world’s more than 2,755 billionaires have failed so far to vaccinate the world’s poor. That’s why a broad, global coalition has formed calling for the world’s governments to tax the rich. “It is time to levy a wealth tax on the world’s multi-millionaires and billionaires,” Chuck Collins of the Institute for Policy Studies and the Fight Inequality Alliance, wrote, introducing their “Taxing Extreme Wealth” report. “This is not to simply raise revenue to vaccinate the world and invest in robust public health systems. But a wealth tax that is intended to save democracy from the extreme concentrations of wealth and power.” A graduated wealth tax on people with $5 million or more would raise $2.5 trillion annually, the report calculates. Those funds could pay to contain this pandemic, invest in public health to prevent the next one, and lift millions out of poverty. Tax the rich.

Source: Global Wealth Inequality Is Deadly | The Smirking Chimp

Informed Comment

House Democrats are scared to tax billionaires – that’s a costly mistake | Robert Reich | The Guardian

Democrats seemed cowed by their donors’ gaze.

Political cowardice means those funding Joe Biden’s ambitious social policy plan want to leave the mega-rich unscathed

Source: House Democrats are scared to tax billionaires – that’s a costly mistake | Robert Reich | The Guardian

Informed Comment

Deconstructed: Tax the Rich

The Democrats’ $3.5 trillion reconciliation package would reshape the American economy.

Source: Deconstructed: Tax the Rich

Fight against Fake News, Fighting Fake News

Old Dog Thought- LNP treats us like they do Koalas

Fighting Fake News with REAL 29/6/21; Humor; LNP, Informed Comment,

Informed Comment

Informed Comment- Robert Reich Tax the Rich
Economics

Nick Hanauer: Tax the Rich for a better Economy AnonHQ

If taxes on the rich go up, job creation will go down. It is an argument rarely challenged, but Hanauer insists it’s one that holds the key to the change th

Source: Nick Hanauer: Tax the Rich for a better Economy AnonHQ