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
Tag: Tax the Rich
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
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
Political cowardice means those funding Joe Biden’s ambitious social policy plan want to leave the mega-rich unscathed
The Democrats’ $3.5 trillion reconciliation package would reshape the American economy.
Source: Deconstructed: Tax the Rich
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
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