As many Americans have struggled to make ends meet during the pandemic, the wealth of Jeff Bezos, Elon Musk, Bill Gates, and other billionaires has gone up by $1.3 trillion. And there is an entire professional sector—including tax attorneys, estate planners, accountants, and wealth managers—dedicated to help wealthy individuals and corporations protect, preserve, and accumulate […]
Proposal: Billionaires who made money during the pandemic should pay f...
The top 0.1% of wealthiest people in the U.S. have earned $1.3 Trillion since the start of the pandemic — that’s right, they are making money while millions are struggling. Senator Elizabeth Warren and co-sponsors have proposed an Ultra-millionaire tax on those with excessive of $50 million. Chuck Collins, Director of the Program on Inequality […]
Big Money and the Pandemic — Who’s Profiting from the Crisis?
“Extreme wealth inequality has become America’s pre-existing condition,” writes Chuck Collins in a new co-authored report from the Institute for Policy Studies, “Billionaire Bonanza 2020.” In the past six weeks, as a record 30 million Americans have filed for unemployment, the 630 billionaires of the United States have seen their shared wealth go up $406 […]
Is the U.S. a Plutocracy — should it be?
Plutocracy: a country or society governed by the wealthy. Many worry that this is the direction that the U.S. is headed — or is already there. A number of lawmakers are proposing changes in how taxes are levied to the uber-rich, while others are calling these plans “socialism”. Chuck Collins, Director the Program on Inequality […]
Panama Papers: What you need to know
Today we’re talking Panama Papers. The millions of leaked Mossak Fonseca documents reveal shady offshore financial records from millionaires, heads of state, and celebrities all around the world. Guests include Paul Fontaine, James S. Henry, and Chuck Collins. Paul Fontaine is the news editor of the Reykjavik Grapevine. He hopes to be able to help craft journalistic […]
