Ban the Unions! They mean it!
America’s Richest Men Ask the Courts to Make Unions Illegal – The American Prospect
Tag: wealth (page 2 of 4)
The extraction of wealth is a pathology of late capitalism and is defined by the cultural and political processes by which the rich establish themselves as the dominant class. Social theorist and organizer Marjorie Kelly labels this phenomenon “wealth supremacy” which is also the title of her latest book. But as she points out in this exclusive interview for Truthout, wealth supremacy, which has institutionalized greed, defines a system that is not only biased but rigged against the great bulk of the population and thus detrimental to the economy, the citizens and the planet. She argues, in turn, that a movement to build a democratic economy is our only way out.
The Only Solution to “Wealth Supremacy” Is a Democratic Economy | Truthout
We are much closer to seeing the world’s first trillionaire than ending poverty. Why? Because our economic system works for the few richest individuals, often men, who reign over our economy.
Taxing wealth to break billionaire dominance (socialeurope.eu)
Oxfam called on Monday for governments to rein in corporate power by breaking up monopolies; instituting taxes on excess profit and wealth; and promoting alternatives to shareholder control such as forms of employee ownership.
It estimated that 148 top corporations made $1.8 trillion in profits, 52 percent up on 3-year average, allowing hefty pay-outs to shareholders even as millions of workers faced a cost of living crisis as inflation led to wage cuts in real terms.
As Davos crowd gathers, governments urged to rein in ‘billionaire class’ (yahoo.com)
Since 2020, the richest five men in the world have doubled their fortunes. During the same period, almost five billion people globally have become poorer. Hardship and hunger are a daily reality for many people worldwide. At current rates, it will take 230 years to end poverty, but we could have our first trillionaire in a decade.
The nex Oxfam Report!
The only way to steer American democracy to safety is to wrest money out of the claws of the wealthiest elites, who now control finances rivaling the economies of whole nations.
What an interesting question!
See the answer: (10) Do billionaires have a right to exist? – Robert Reich (substack.com)
Yes, says the newly created EU Tax Observatory
Billionaires should face a minimum tax rate, report says – BBC News
In an open letter to G20 leaders as they prepared to convene in New Delhi, India for their annual summit, U.S. Sen Bernie Sanders (I-Vt) joined economist Jayati Ghosh, Patriotic Millionaires chair Morris Pearl, philanthropist Abigail Disney, and more than 300 others in declaring that “we cannot allow extreme wealth to continue corroding our collective future.”
“Decades of falling taxes on the richest, based on the false promise that the wealth at the top would somehow benefit us all, has contributed to the rise in extreme inequality,” the Tuesday letter states. “Our political choices allow ultra-wealthy individuals to continue to use tax shelters and enjoy preferential treatment to the extent that, in most countries in the world, they pay lower tax rates than ordinary people.”
“At the same time, the world has seldom had more need for the richest to pay,” the letter continues, noting that global extreme poverty rose in 2020 for the first time in more than two decades as Covid-19 threw the world into economic chaos.
Don’t tax the rich! If you do, they will leave the country … Well, no, they won’t! Read here why not
Debunking the Five Major Myths About Outmigration – Mass. Budget and Policy Center (massbudget.org)
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