Economists Say We Should Tax The Rich At 90 Percent

Opinion | The Rich Really Do Pay Lower Taxes Than You (Published 2019)

The 400 wealthiest Americans now pay a lower rate than the middle class.

New Study: No Evidence That High-End Tax Cuts Help the Economy

Many policymakers cite as fact that cuts in the top income and capital gains tax rates spur much greater economic growth and that increases in those tax rates significantly hurt growth. A new...

IRS: Sorry, but It’s Just Easier and Cheaper to Audit the Poor | Hacker News

He claims throughout the article that the IRS focuses disproportionately on poor families over the wealthy, but the first f$&@ing sentence says that the IRS audits the working poor at the same rate as the wealthy. You can argue that that’s not good policy, but it’s literally the definition of proportionate. The sub-head and the first sentence literally say opposite things.

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That's Made the U.S. Less Secure

A report shows that a $50 trillion redistribution of income to benefit the richest has made America less healthy, resilient, and secure

Pour en finir avec les 99 %

Exiger une taxation plus forte du 1 % le plus riche est légitime, mais se focaliser sur les hyper-riches exonère les 99 % restants de l’effort. Un système fiscal juste et efficace ne peut faire l’impasse sur l’imposition progressive des classes moyennes et aisées. Le point de vue de l’économiste Guillaume Allègre.

The Tipping Point: Most Americans No Longer Are Middle Class

In the post-World War II economy, most Americans lived in middle-income homes. But that has been shifting for decades. Today, middle-income families make up less than 50 percent of all households.

How will we pay for it? – Victorian Socialists

We live in a rich state, yet resources are unevenly shared. We want to tax the wealth of the billionaires and banks. This wealth should fund essential services.

Wealth of people in their 30s has 'halved in a decade'

People in their early 30s are "half as wealthy" as those now in their 40s were at the same age, a report by the Institute for Fiscal Studies finds.

How much can we earn in retirement without paying federal income taxes? - Early Retirement Now

Update 11/22/2019: After I published a shorter version of this piece on MarketWatch and the story was picked up by Yahoo Finance as well, I got a lot more readers! Thanks, and welcome to my blog! Make sure you subscribe to be notified of future blog posts! Both on Yahoo and MarketWatch, I saw the … Continue reading How much can we earn in retirement without paying federal income taxes?

The Panama Papers prove it: America can afford a universal basic income | Colin Holtz

If the super-rich actually paid what they owe in taxes, the US would have loads more money available for public services

Affluence and Influence

Why policymaking in the United States privileges the rich over the poor

$1 Trillion of Wealth Was Created for the 19 Richest U.S. Households Last Year

Total household wealth for the richest 19 U.S. households jumped to about $2.6 trillion in 2024, after the biggest one-year increase on record.

Fact check: Could California lawmakers expand the billionaire tax to everyone?

Opponents say Prop. 40 opens the door to broader taxes. Experts explain what the measure allows and what would take another vote.

Richest 1% Now Wealthier Than the Rest of the World, Oxfam Says

The richest 1 percent is now wealthier than the rest of humanity combined, according to Oxfam, which called on governments to intensify efforts to reduce such inequality.