The common thought is that millionaires will flee a state if their taxes are raised, and the state of Massachusetts is considering just that — a constitutional amendment that would […]
Asante-Muhammad warns: Crypto is not the answer
The depreciation-adjusted average wealth of Blacks in the U.S. is around $9000, while the average wealth of Whites is $150,000. Cryptocurrency has been touted by some as the “savior for […]
Petersen-Smith: Review of State of the Union and media militarism
Khury Petersen-Smith, Michael Ratner Middle East Fellow at the Institute for Policy Studies, talks about Ukraine, Biden’s State of the Union speech, and the expectation of the media for militaristic response […]
The wealth divide in 44 countries — what a wealth tax could mean...
“A wealth tax of 2% on the world’s millionaires, 3% on those with wealth above $50 million and 5% on the worlds billionaires would raise $2.52 trillion dollars annually. This […]
Corporation profits earn a record $2.5 trillion — in one quarter...
How did wealth inequality fare in 2021? U.S. corporate after-tax profits hit a record high of $2.5 trillion in the third quarter of 2021, further enriching wealthy executives and shareholders […]
Dolan: Build Back Better plan is a “foot in the door”
“A foot in the door” — that’s how Karen Dolan, Fellow at the Institute for Policy Studies, calls the Biden “Build Back Better Bill” making its way through Congress. Though […]
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