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Tax The Rich

All articles tagged with #tax the rich

Billionaire Tax Tricks Could Put Economy at Risk, WSJ Reports
economy1 month ago

Billionaire Tax Tricks Could Put Economy at Risk, WSJ Reports

A Wall Street Journal report highlighted by Common Dreams argues billionaire tax-avoidance and rising wealth concentration threaten the U.S. economy, detailing strategies like stock-based pay, debt-financed living, and the “buy, borrow, die” scheme. It notes California’s wealth‑tax debate and data showing the richest 1% have grown their share of wealth since 1990. The piece warns that if AI accelerates displacement, the biggest gains could go to shareholders while workers see lagging wage growth, raising questions about future tax policy as the economy faces potential market downturns.

via Common Dreams|
#artificial-intelligence#billionaires#economy
politics2 months ago

Mamdani’s tax-the-rich push tests Hochul as NYC budget fight heats up

New York City Mayor Zohran Mamdani used a budget briefing to push Gov. Kathy Hochul to raise taxes on the wealthiest residents and big corporations to close a projected city budget gap, arriving as Hochul launches her reelection. Hochul dismissed the timing, arguing the state has boosted NYC funding and will bring in about $17 billion in extra revenue this year, while watchdogs say the gap could be smaller (around $8 billion) and the political clash underscores tensions in the state-city fiscal relationship ahead of the 2026 campaign.

via Politico|
#albany#hochul#new-york-city-budget
Mass protests in France against austerity and budget cuts
world6 months ago

Mass protests in France against austerity and budget cuts

Hundreds of thousands of protesters across France demonstrated against government austerity measures and called for higher taxes on the wealthy, including support for the proposed Zucman tax on assets over €100 million. The protests, involving over a million demonstrators nationwide, were largely peaceful but saw clashes with police in Paris, with arrests and injuries reported.

via Euractiv|
#austerity#france#protests
"Home Depot Co-founder Criticizes Bernie Sanders' 32-Hour Workweek Proposal as Hypocritical"
businesspolitics2 years ago

"Home Depot Co-founder Criticizes Bernie Sanders' 32-Hour Workweek Proposal as Hypocritical"

Home Depot co-founder Ken Langone criticizes Bernie Sanders' 32-hour workweek proposal, arguing that it would raise labor costs and lead to price hikes for consumers. He accuses Sanders of hypocrisy in his tax-the-rich stance, pointing out the senator's own wealth and his wife's involvement in a failed university. Langone also expresses caution towards supporting Trump, questioning the current state of American politics and the Republican Party.

via Fox News|
#32-hour-workweek#bernie-sanders#businesspolitics
Millionaires Lobby Working-Class Voters for Rich Taxation
politics2 years ago

Millionaires Lobby Working-Class Voters for Rich Taxation

Patriotic Millionaires, a group of millionaires who want to pay higher taxes and raise the minimum wage, are lobbying working-class voters to push Congress to make changes. The group has been unsuccessful in lobbying Congress for over a decade and is now turning to the people who hand them their power. The group is holding meetings in swing states like Whiteville, N.C., where the minimum wage is still $7.25 an hour, and is expanding its push to attract more people to the cause. The meetings aim to show the larger forces at work that drive inequality and to pull back the curtain on the frustration many Americans are feeling.

via NPR|
#economic-inequality#lobbying#minimum-wage