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By J.R. Moehringer
$27.99
By Charlotte Mosley
$26.37
$35
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Pat Bagley, Cagle Cartoons, Salt Lake Tribune —
Posted on Apr 13, 2013
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By Robert Reich — A newly released analysis by the Economic Policy Institute shows that the super rich have done well in the economic recovery while almost everyone else has done badly.
Posted on Jan 29, 2013
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Adam Zyglis, Cagle Cartoons, The Buffalo News —
Posted on Dec 6, 2012
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Flickr/401(K) 2012
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Contrary to what conservatives have been pushing, reducing taxes for the wealthiest Americans will not grow the economy. However, according to a new study by the Congressional Research Service, it does help to create income inequality.
Posted on Sep 17, 2012
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Christopher Weyant, Cagle Cartoons, The Hill —
Posted on Jul 9, 2012
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nikoretro (CC BY-SA 2.0)
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Amid a festering economic crisis, Greek society’s super-rich have retreated to their private mansions and island resorts to sip cocktails, kick back on imported Asian sand and figure out new ways to slip their money out of the country.
Posted on Jun 14, 2012
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davelawrence8 (CC-BY)
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Mitt Romney accidentally offered a glimpse of what he might do as president when a group of reporters standing outside a Florida fundraiser Sunday overheard the presidential hopeful tell a group of wealthy donors that he wants to get rid of some tax deductions for rich people and take an ax to some government departments.
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loungerie (CC-BY)
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As if there were any doubt, a two-hour Senate Budget Committee hearing on Thursday reported some alarming trends in income inequality, Mother Jones reported. (more)
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Lord Jim (CC-BY)
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Many in the media are touting a recent overhaul of the state of New York’s tax scheme as a sign of a new age of increased burden for top earners and a victory for the 99 percent. But close inspection reveals that such comparisons exclude the contributions of a soon to expire, 3-year-old “millionaires’ tax,” and the new codes favor the rich.
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Flickr / Jerry Reynolds (CC-BY-SA)
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Pulitzer Prize-winning columnist David Cay Johnston wrote Friday that the Occupy Wall Street protests are unlike any demonstrations he has seen in more than 40 years, and that the reasons the movement differs so much are the same reasons why it could succeed in sparking major change. (more)
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Al-Jazeera’s slick video news magazine “Fault Lines” investigates the incredible income disparity in the United States that now sees 40 percent of the nation’s wealth in the hands of the top 1 percent. Spoiler alert: The rich get richer, and it’s not very pleasant.
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Flickr / Original Nomad (CC-BY)
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The stock market is up about 80 percent from the recession low in 2009, and America’s rich are back to dropping thousands on shoes, bags and other luxury items.
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Flickr / doug88888
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Over the past century, America’s rich made their millions and billions through the use of public assets shared by everyone. By virtue of those profits, they have not only a moral, but a rational obligation to pay more for the upkeep of public services. (more)
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Pat Bagley, Cagle Cartoons, Salt Lake Tribune —
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Flickr / Medill DC
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The House Financial Services Committee has voted to repeal a provision in last year’s Dodd-Frank financial reform law requiring public corporations to report the ratio between CEO and median worker pay. (more)
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Mike Lester, Cagle Cartoons, The Rome News-Tribune —
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Eric Allie, Caglecartoons.com —
Posted on Apr 25, 2011
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mn.gov
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Like most states, Minnesota has a big budget problem. But unlike most states, it’s looking to the well-heeled to help fill the gap. Gov. Mark Dayton plans to attack the state’s $6.2 billion deficit by raising taxes on the rich.
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AP / Alessandro Della Bella
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A former Swiss banker is set to hand over even more financial data to WikiLeaks. Rudolf Elmer, a former Julius Baer employee, claims he has data on how the mega-rich have used offshore accounts and institutional loopholes to avoid tax payments.
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Pat Bagley, Cagle Cartoons, Salt Lake Tribune —
Posted on Nov 15, 2010
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Gates Foundation
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With philanthropy buddies Warren Buffet and Bill Gates leading the way, 40 representatives of the uber rich have pledged to give half of their fortunes to good works. George Lucas of “Star Wars” (and ruining “Star Wars”) fame and Ted Turner, who gave us CNN before it was terrible and has the mustache to prove it, are among those on the list.
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AP / Andy Blenkush
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By Moshe Adler — Why should a poor borrower be held more responsible than a rich borrower for the default of another poor borrower?
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Flickr / FAB O LENS
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Well, that didn’t take long. China now has more billionaires (89 if you include Hong Kong) than any other country except for the U.S., which, to be fair, has been working overtime to transfer wealth upward. Unlike the U.S., the Chinese government has promised to distribute its bounty to “make our society fairer and more harmonious.”
Posted on Mar 11, 2010
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For all their talk of deficits, conservatives don’t ever want to pay for them. Rush Limbaugh says people making more than $250,000 a year—who may just have to brace for a tax hike to keep our budget shortfalls somewhere in this galaxy—do not qualify as wealthy.
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Flickr / Kalavinka
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An Internal Revenue Service unit is being developed to catch wealthy tax cheats who find ways to hide their assets in different businesses and accounts. The new unit reportedly has hired hundreds of employees to combat international tax evasion.
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While America’s super rich are coping with bailouts and bonus envy, a group of well-to-do Germans, led by a brewery heir, has delivered a petition demanding a 5 percent wealth tax—on themselves. Imagine if Pete Coors demanded that the government spend more of his money on “ecology, education and social justice.”
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By David Sirota — Thanks to the Khaki Pants Offensive in the Great American Health Care and Tax War, finally, there’s no pretense. Finally, the Me-First, Screw-Everyone-Else Crowd’s ugliest traits are there for all to behold.
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speaker.gov
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Nancy Pelosi and her fellow progressive Democrats in the House have opened a can of health care whoop-ass that’s sure to drive Republicans and conservative Democrats nuts. The House bill, unveiled Tuesday, would tax the rich and businesses that skimp on health care coverage, provide a public option and require everybody to be covered.
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This satirical infomercial summarizes Jeff Kreisler’s new book, “Get Rich Cheating.”
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Flickr / PetroleumJelliffe
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According to the most recent data from the IRS, the wealthiest 1 percent of Americans took home a greater share of the nation’s income in 2006 than in any year of the previous 19. It’s possibly the biggest income disparity Americans have seen since the Great Depression. The average tax rate of the super-rich was at its lowest level in at least 18 years.
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Most popular YouTube videos inspire the inevitable parodies, and while many amuse in their own way, this one scores with the title alone. This is what Barack Obama’s “Yes We Can” fan film would look like if it were made by the rich and powerful—that is to say, the non-celebrity kind. The kind with pocket squares and tiny dogs.
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The “Real Time” host takes aim at the über-rich, as well as the disadvantaged who vote against their own economic self-interests, because “In America it’s not the haves and have nots, it’s the haves and been hads.”
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Frank Rich of The New York Times argues that although there’s plenty to blame on the Bush administration, a timid Congress and a compliant press, it’s time for the American people to accept at least some responsibility for the Iraq war and its many disastrous episodes. From Abu Ghraib to contractor killing sprees, we the people have known far too much for far too long to feign surprise when things suddenly go sour.
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By Marie Cocco — The Democratic candidates have paid much attention to the president’s horrendous foreign policy, but what of his tax cuts, which have crippled the treasury for the sake of the yachting class?
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The White House isn’t taking kindly to former President Bill Clinton’s characterization of the Libby commutation as being “consistent with their philosophy; they believe that they should be able to do what they want to do. ...” Oh, snap! Bush spokesman Tony Snow fired back with a reference to Clinton’s own pardon record: “I don’t know what Arkansan is for chutzpah, but this is a gigantic case of it.”
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The fiery N.Y. Times columnist returns from book leave with an attack on the real “traitors” in America: a White House that has compounded lies with incompetence to spy on Americans, run “black site” Eastern European prisons and prosecute an unjust war.
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From ThinkProgress
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House and Senate conservatives have agreed to spend $70 billion to extend the 15% tax rate on capital gains and dividends until 2010.
Posted on May 9, 2006
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How the IRS’ Nonprofit Division Got So Dysfunctional
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