The 400 wealthiest Americans now pay a lower rate than the middle class.
Economists Say We Should Tax The Rich At 90 Percent
America has been doing income taxes wrong for more than 50 years.All Americans, including the rich, would be better off if top tax rates went back to Eisenhower-era levels when the top federal income tax rate was 91 percent, a new paper concludes.
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 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.
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
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...
A 26-year-old MIT graduate is turning heads over his theory that income inequality is actually…
Wealthy tech founders and the automation of middle-class jobs are often blamed for increasingly concentrations of wealth in the 1%. But, a…
Yeah, We're Going to Have to Tax the Middle Class
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.
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
Do the Rich Capture All the Gains from Economic Growth?
Adjusted for inflation, the US economy has more than doubled in real terms since 1975.
The ultra-rich are spending one million dollars a day fighting California’s proposed billionaire tax
Tech billionaires have raised more than $340m to defeat Prop 40, a one-time 5% wealth tax that will fund healthcare and education
Robert Reich: The Reagan revolution is killing America's middle class
The former secretary of labor explains why the economy will never benefit from the rich having more money
Where the Middle Class Is Shrinking (Published 2016)
The percentage of families earning middle-class incomes fell in nearly nine out of 10 major metro areas across the country between 2000 and 2014, according to new research by the Pew Research Center. Here we take a look at the 100 metro areas with the sharpest decline in the percentage of people in the middle class.
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.
The Climb: Wealth Inequality in America, to scale
Picture U.S. wealth as stacks of $100 bills: the median household’s is about 9 inches tall. The average top-1% household’s is 145 feet, and it keeps getting taller and taller…
