Billionaires’ Net Worth Rises During Pandemic As Millions Go Unemployed
U.S. billionaires’ wealth grew substantially over the last two months even as tens of millions of Americans lost their jobs,...
Category: Richest One Percent
Big Oil Takes $1.9 Billion in Tax Breaks Intended for Small Businesses
Sen. Bernie Sanders was among critics outraged that the fossil fuel industry is using tax breaks in the CARES Act...
Trump Wanted Less Testing Because Jared Kushner Said It Would Spook Wall Street
On March 6, President Donald Trump issued out the now-infamous proclamation about coronavirus testing, in order to ease rising fears...
Trump Campaign Secretly Paying $180,000 A Year To His Sons’ Significant Others
President Donald Trump’s campaign is secretly paying one Trump son’s wife and another one’s girlfriend $180,000 a year each through...
How the Republicans are stealing everything for the 1 percent
Enjoy your $1,200 one-time consolation prize for losing your livelihood, your way of life, and your economic security in this...
The Billionaires Putting Their Wealth Above Public Health Amid the Pandemic
While millions are facing health and financial uncertainty and unemployment rolls are reaching record levels due to the novel coronavirus...
Virus Relief Bill Would Allow Mnuchin To Hand Out $500 Million ‘Slush Fund’ To Secret Corporations
The White House on Sunday reportedly refused to back down from its demand that a coronavirus relief package include $500...
Michael Bloomberg is trying to buy the presidency – that should set off alarms: Robert Reich
We haven’t seen his name on any of the ballots in the first four states, but that’s about to change....
Slices of Real Pie Show the Huge Wealth Gap in the U.S.
A four minute video that aired on CBS Friday morning was praised for using slices of real pie to show the huge...
Republican lawmakers personally made millions from their giant tax cut: report
Although the Tax Cuts and Jobs Act of 2017 did precious little to reduce the tax burden of middle-class Americans,...
Inequality in the Trump economy just keeps getting worse
Every month when the Bureau of Labor Statistics releases its monthly jobs report, Donald Trump and Republicans crow about the...
How Trump quietly handed billions more in tax breaks to huge corporations
A “disturbing” New York Times story published Monday detailed how President Donald Trump’s Treasury Department, led by former Goldman Sachs banker Steve...
Robert Reich: How Trump has betrayed the working class
Trump’s corporate giveaways and failure to improve the lives of ordinary working Americans are becoming clearer by the day. Trump...
New data shows income of top 1 percent has grown 100 times faster than bottom 50 percent since 1970
New data released Monday explains the numbers behind Sen. Bernie Sanders’ often-cited statistic that the three richest Americans hold more...
Trump Takes Food Away From 755,000 Americans Before Christmas
The Trump administration has finalized a rule change to the SNAP program that will take away food from 755,000 Americans...
Poll Finds That Even Most Republicans Back Warren’s Ultra-Millionaire Tax
New polling results released Friday find broad support for Sen. Elizabeth Warren’s proposed wealth tax, with Americans across most demographic...
Trump Busted For Bank And Tax Fraud In Newly Obtained Documents
Property documents reveal that Donald Trump has been listing higher values on his loan applications and lower values on his...
Warren Suggests Corporate Media Ask Working People, Not Just the Very Rich, About Her Wealth Tax
Sen. Elizabeth Warren on Wednesday evening called out the news media for focusing their coverage of her proposed Ultra-Millionaires Tax largely...
Bernie Sanders says Bloomberg’s moves toward 2020 bid shows ‘billionaire class is scared’
Sen. Bernie Sanders said Thursday night that America’s billionaire class is “scared,” and rightly so, after numerous outlets reported that...
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...
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...
