Robert Reich: Billionaires fear Warren and Sanders – but they should fear us all
Billionaires are wailing that wealth tax proposals by Elizabeth Warren and Bernie Sanders are attacks on free-market capitalism. Warren “vilifies...
Category: Richest One Percent
Trump Ordered to Pay $2 Million for Charity Fraud
A New York judge has ordered President Donald Trump to personally pay $2 million to settle the state attorney general’s...
‘Tax Dodger-in-Chief’ Trump Changes Permanent Residency From New York to Florida
In the midst of a heated court battle with Manhattan over his tax returns, President Donald Trump announced Thursday night...
Democrats Take Aim at ‘Trust Fund Babies’ With Estate Tax Designed to Combat Wealth Inequality
California Congressman Jimmy Gomez on Friday introduced legislation in the Democrat-controlled U.S. House that aims to address “our country’s rapidly...
Government To Borrow One Trillion Dollars To Pay For Tax Cuts For Billionaires
The Treasury Department is being forced to borrow a staggering $1 trillion for the coming fiscal year, after the Republican...
Trump Responds To Impeachment By Trying To Take Away Free School Meals From A Million Kids
The Trump administration is trying to change eligibility requirements so that 1 million kids would lose access to free school...
Mark Zuckerberg Has Been Holding Secret Meetings With Conservatives
According to a new report by Politico, and confirmed by Mark Zuckerberg himself, the Facebook CEO has been secretly meeting...
America’s richest 400 families now pay a lower tax rate than the middle class
The U.S. tax system is supposed to be progressive, meaning that wealthier households pay a larger share of their income...
Trump’s Business Holdings in Turkey Sets His Foreign Policy For The Region
Trump Towers in Istanbul is a major part of Trump’s business portfolio. “The Turks are also the top patrons of...
Cutting Health Benefits of 1,900 Whole Food Workers Saved World’s Richest Man Jeff Bezos What He Makes in Less Than Six Hours
When billionaire Jeff Bezos cut health benefits on September 13 for part-time workers at his grocery store Whole Foods the...
Former Republican consultant busts party as racists who want tax cuts for the rich
In a furious tweetstorm, a former adviser to the Ohio Republican Party expressed disgust at how far the GOP has...
Robert Reich: It’s Trump And His Oligarch Friends Against Everyone Else
I keep hearing that the Democratic party has moved “left” and that Democratic candidates may be “too far left”. But...
David Cay Johnston: Here’s how the super rich avoid paying taxes — and what we can do about it
Our investigative series The Koch Papers illustrates many deep problems in America’s creaky, century-old income tax system, especially how our...
‘Eye-popping’ analysis shows top 1% gained $21 trillion in wealth since 1989 while bottom half lost $900 billion
Adding to the mountain of statistical evidence showing the severity of U.S. inequality, an analysis published Friday found that the top one percent of...
Stopping The Koch Brothers’ Agenda In Arizona
You may recall that a few weeks ago, a Koch brothers’ spokeswoman announced that their network is now willing to...
Uber founder buys $72.5 million mansion as Uber drivers live in their cars
As rideshare drivers across the U.S. and around the world continue to struggle for decent wages, benefits, and the basic right to...
Top one percent gained $21 trillion in wealth since 1989 while bottom half lost $900 billion
Adding to the mountain of statistical evidence showing the severity of U.S. inequality, an analysis published Friday found that the top one percent of...
Bosses pocket Trump tax windfall as workers see job promises vanish
Stephen Smith worked at an AT&T call center in Meriden, Connecticut, for over 20 years before the giant telecoms company...
Rigged: How US tax law props up people like Donald Trump
The New York Times disclosure that Donald Trump was able “to avoid paying income taxes” for years, while he racked up $1.17 billion...
Robert Reich: The 12 biggest myths about raising taxes on the rich
Some politicians are calling for higher taxes on the rich. Naturally, these proposals have unleashed a torrent of opposition –...
Robert Reich: JPMorgan CEO Jamie Dimon decries socialism, unless of it’s the banks that need a government bailout
In his annual letter to shareholders, distributed last week, JPMorgan Chase CEO Jamie Dimon took aim at socialism, warning it...
$28 Billion in Tax Cuts Last Year Went to Banks
As reports continue to come out from angry American voters saying that their tax refunds are shriveling or that they...
The Trump-GOP Tax Law Continues To Crater As Refunds Plummet By 17 Percent
The Trump-Republican tax scam continued to rear its ugly head for the third straight week as figures released late Friday...
Billionaire Howard Schultz is no patriot: Robert Reich
America is the only place in the world where any citizen over the age of 35 can run for president....
Average Tax Refund Down 8.4 Percent As Money Under Republican Tax Plan Goes Into Accounts of Billionaires
Average tax refunds were down last week 8.4 percent for the first week of the tax season over the same...
Billionaires Whine About Elizabeth Warren’s Proposed Billionaire Tax
I suppose this Morning Joe mini-discussion is the closest thing we’re going to get in terms of a discussion of...
World’s 26 richest people own as much as poorest 50%
The growing concentration of the world’s wealth has been highlighted by a report showing that the 26 richest billionaires own...
Trump’s economy is great for billionaires, not for working people: Bernie Sanders
Donald Trump tells us the US economy is “absolutely booming”, the “strongest we’ve ever had” and “the greatest in the...
Most Americans Support Ocasio-Cortez’ 70% Marginal Tax Rate Idea
In a blow to conservatives everywhere a new Hill-HarrisX survey supported Ocasio-Cortez’ beliefs and found that most Americans by a...
American democracy seems rigged because it is: Robert Reich
The most important thing we must do to save our democracy is get big money out of politics. It’s a...
What does Alexandria Ocasio-Cortez know about tax policy? A lot. — Paul Krugman
I have no idea how well Alexandria Ocasio-Cortez will perform as a member of Congress. But her election is already...
The GOP Reboots Its Old Tax and Budget Scam
Get ready to see it on your TV. The GOP is about to kick back into Two Santa Clauses mode...
“Speaker Ryan will always be remembered for rigging the system to prioritize the wealthy”
As House Speaker Paul Ryan (R-Wis.) delivered his farewell address on Wednesday after 20 years of relentlessly working to gut social programs for the...
Trump Golf Count: $84,000,000 Billed to Taxpayers, So Far
Daytime visits to golf clubs since inauguration, with evidence of playing golf on at least 70 visits. The last recorded...
Koch Brother’s Attempt to Upend Democracy & Make Americans Pay for the Damage
This is a story of how a small group of wealthy white men can hijack an entire nation, destroy its...
U.S. Charges Four in ‘Panama Papers’ Tax Evasion Scheme
U.S. prosecutors announced Tuesday that they have charged four people with taking part in a decades-long scheme to evade U.S....
Top Priority of Republican Congress: Give More Money To Billionaires
An interesting thing about politics is how you can distill so many nuanced policies down to a few core ideological...
Trump’s Panama tower used for money laundering, reports say
The Trump Ocean Club International Hotel and Tower soars over Panama City bay, a 70-storey skyscraper shaped like a sail. Donald...
Boycott Urged After San Francisco Giants Owner Donates to Neo-Confederate Candidate Cindy Hyde-Smith
SAN FRANCISCO — A civil rights attorney is calling for a boycott of the San Francisco Giants after the baseball team’s...
David Cay Johnston on Tax Cheating: It’s Not Just The Trumps
In radio shows and talks from London to Boston to Richmond, Ind., people keep asking me how the Trump family got...
Human Rights Group Calls For Investigation Of Giuliani, Trump Money-Laundering
Pulitzer Prize-winning journalist David Cay Johnston is now reporting that an international human rights organization has requested that prosecutors in The Netherlands open...
Trump Sued for Scamming Struggling Investors Through Endorsement Deals
In 2014, a financially struggling hospice caregiver in California decided to invest in a video phone marketing company by the...
CEO Pleads Guilty To Fraud After Dispensing Millions of Opioid Painkillers
A wealthy CEO might actually be heading to prison – a rare occurrence in America today. Mashiyat Rashid, the CEO of...
Salesforce CEO: Tech Billionaires ‘Hoard Their Money’ And Won’t Help Homeless
Marc Benioff, the Salesforce CEO, has escalated his attacks on fellow San Francisco billionaires, saying they are “hoarding” money and don’t want...
The Trump Family’s Pump and Dump Scam
A massive new investigation by Pro Publica reveals President Donald Trump and his children engage in systematic deceit to lure investors to its...
NY Times Unmasks Donald Trump: Built Empire on Father’s Money, Tax Dodging and Fraud
President Donald Trump built his personal brand and presidential candidacy on the claim that he was a self-made billionaire whose...
