Super-rich increase their share of world’s income

The share of wealth owned by the world’s richest people soared during the Covid pandemic, a major study on inequality has found. The World Inequality Report said that 2020 saw the steepest increase in billionaires’ wealth on record. Meanwhile, 100 million people sank into extreme poverty, the report from the Paris-based World Inequality Lab said. TheContinue reading “Super-rich increase their share of world’s income”

‘Bad Politics, Bad Policy’: Sanders Slams House Democrats for Including Tax Cut for Rich in BBB

“The bottom line here is we have to help the middle class, not the 1%,” said the senator. Sen. Bernie Sanders warned late Thursday that a tax deduction that will disproportionately benefit wealthy Americans and that Democratic House leaders insisted on keeping in the Build Back Better Act will harm the party in upcoming elections,Continue reading “‘Bad Politics, Bad Policy’: Sanders Slams House Democrats for Including Tax Cut for Rich in BBB”

DonorsTrust Gives $600k Donation to White Nationalist Hate Group

For the second year in a row, the right wing’s favorite dark money donation vehicle has given an unprecedented sum to a notorious white nationalist hate group. New tax records obtained by the Center for Media and Democracy (CMD) reveal that nonprofit charity DonorsTrust bankrolled the New Century Foundation—an alias for American Renaissance, a white nationalist organizationContinue reading “DonorsTrust Gives $600k Donation to White Nationalist Hate Group”

Christian group fights Idaho Covid mandates despite pocketing bailouts

Christ Church leaders and aligned companies received millions of dollars in coronavirus bailouts amid campaign against mandates The controversial rightwing Christ Church – and its pastor, Douglas Wilson – have led an uncompromising campaign of opposition to coronavirus public health measures in Idaho, revealing the church’s powerful influence in its home city of Moscow and beyond.Continue reading “Christian group fights Idaho Covid mandates despite pocketing bailouts”

Mexican president floats global anti-poverty plan in U.N. speech

Mexican President Andres Manuel Lopez Obrador on Tuesday pitched a global anti-poverty plan that seeks to uplift some 750 million poor people who live on less than $2 a day and would be financed largely by rich. In a speech to the United Nations, Lopez Obrador stressed that the plan could give the world’s poorContinue reading “Mexican president floats global anti-poverty plan in U.N. speech”

Chilean president Piñera impeached over Pandora papers revelations

Lower house approval vote sets up trial in Chile’s senate Papers revealed offshore dealings of conservative president Chile’s President Sebastián Piñera has been impeached by the lower house of congress, setting up a trial in the nation’s senate over allegations he favored the sale of a family property while in office. The vote to impeach passed withContinue reading “Chilean president Piñera impeached over Pandora papers revelations”

Sen. Manchin Said To Oppose Key Climate Provision In Budget Bill – MSNBC

Sen. Joe Manchin, D-W. Va., has told the White House he opposes the clean electricity program, according to sources, and Manchin’s vote is key to the bill passing. The Morning Joe panel discusses.

Chile’s billionaire president under scrutiny over Pandora leak

Papers gave details about a 2010 stake sale by Sebastian Pinera’s family in a mining project that activists objected to. Chile’s public prosecutor has said it will investigate the sale of a mining project involving the family of President Sebastian Pinera after new details emerged about the transaction in the Pandora Papers leak. Marta Herrera,Continue reading “Chile’s billionaire president under scrutiny over Pandora leak”

Czech prime minister’s party narrowly loses re-election days after Pandora Papers revelations in surprise outcome

Scandal-clouded billionaire Andrej Babis now faces probes over secret luxury property deals exposed in ICIJ’s global investigation based on the biggest ever offshore data leak. In a shock result, billionaire Andrej Babis’ party has narrowly lost the Czech Republic’s parliamentary election days after the populist leader had to contend with revelations from the Pandora Papers,Continue reading “Czech prime minister’s party narrowly loses re-election days after Pandora Papers revelations in surprise outcome”

As Americans Demand Tax Reforms, Analysis Finds Top 1% Hold More Wealth Than Whole Middle Class

By comparison, in 1990 the top 1% held just 17% of the nation’s wealth—less than half of the middle class’ 36%. As the bombshell Pandora Papers continue to expose dubious details about how the world’s superrich hide their fortunes and avoid paying their fair share of taxes, Bloomberg on Friday published an analysis of U.S. Federal Reserve data revealing that Americans inContinue reading “As Americans Demand Tax Reforms, Analysis Finds Top 1% Hold More Wealth Than Whole Middle Class”

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