Is there not too much silence today?
We need a political movement to fight billionaires | Will Bunch Newsletter
Tag: wealth (page 1 of 4)
Billionaires are buying elections, all over the world, without changing institutions but throwing democracy in the dustbin
Don’t be distracted by the anti-immigrant rhetoric this electio in the US. The real impact on democracy comes from moneyed elites.
Immigrants or Billionaires—Who’s a Bigger Threat to Democracy? – LA Progressive
The ultra-rich will happily march us into a dictatorship if we let them.
Opinion | The American Billionaires Who Fell In Love With Fascism Are Not the First | Common Dreams
One person, one vote. The classic essence of democracy. But what if that one person happens to be a fabulously rich? Does that one person actually have just “one” vote? Can we have anything approaching democracy when some among us are sitting on fortunes grander than the rest of us can even imagine?
At the beginning of 2024 it emerged that the top five richest men in the world had doubled their wealth since 2020. If this trend continues, the world could see its first trillionaire within a decade.
EU governments are losing out on a staggering 286.5 billion euros in revenue annually, equivalent to 33 million euros per hour, due to their failure to fairly tax Europe’s wealthiest. This amount, equivalent to Finland’s GDP, represents what a European wealth tax of up to 5 percent could raise every year, according to Oxfam’s analysis.
Four years after the start of the Covid-19 pandemic, the United States has 737 billionaires with a combined wealth of more than $5.5 trillion.
Total U.S. Billionaire Wealth: Up 88 Percent over Four Years – Inequality.org
Corporate tax dodging and CEO pay have both gotten so far out of control that a significant number of major U.S. companies are paying their top executives more than they’re paying Uncle Sam.
Corporations That Pay Their Executives More Than Uncle Sam – Inequality.org
… and what to do about it?
There is an elephant in the room. Stocks of wealth – assets such as property, savings, and investments that can be given a monetary value – have soared in recent decades. According to the Wealth Inequality Database, average wealth in the UK has doubled from £100k per head in 1985 to £200k per head in 2021. To put this another way, it took several millennia for wealth in Britain to reach the £100k threshold. And then, a mere 36 years later, this stock of wealth had doubled: a bonanza unprecedented in human history.
Why wealth inequality matters – and what to do about it! | LSE Inequalities
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