Richest 1% Took 38% of New Global Wealth Since 1995. The Bottom Half Got Just 2%.
By Jake Johnson / Common Dreams In the nearly three decades since 1995, members of the global 1% have captured 38% of all new wealth while the poorest half of…
We Don’t Need a 24/7 Economy
Consider what it means for an American president to call for dock workers to go on a 24/7 schedule to ensure that Christmas presents arrive at homes on time. A…
Win for Alabama Workers as NLRB Orders New Union Vote After Amazon’s Alleged Misconduct
A union leader said the decision confirmed that "Amazon's intimidation and interference prevented workers from having a fair say in whether they wanted a union in their workplace."
Don’t Believe Everything You’re Hearing About Inflation
The best thing we can do to offset the pain of inflation is to raise the standard of living for all of us.
Warren, Sanders, and Baldwin: Investors ‘Made Off Like Bandits’ at Expense of Striking Alabama Miners
Writing to the CEOs of two private equity firms, the senators decried the "blatant mistreatment" of miners, including forced 12-hour shifts and seven-day workweeks.
Biden Blasted for Renominating Powell as Federal Reserve Chair
The decision, said one campaigner, "doubles down on reckless Wall Street deregulation and dangerous dawdling on climate-related threats to the financial system."
Ellen Brown: The Case for a Central Bank Digital Currency
A question now on many economists’ minds is whether the United States should have its own CBDC. A compelling case for it is made by Prof. Saule Omarova, President Biden’s…
Why It’s So Hard to Tax Billionaires
By Christopher Orlet / CounterPunch A recent NPR story attempted to explain why it is so hard to tax billionaires. The expert NPR interviewed for the story ticked off the…
$285 Billion Tax Cut for the Rich Is Now 2nd Most Expensive Piece of Build Back Better
By Jake Johnson / Common Dreams A $285 billion tax cut that would predominantly flow to rich households is now the second most expensive component of the Build Back Better…
Why Are Moderna’s Billionaires Airbrushing Scientists Out of the Vaccine Patent Picture?
U.S. taxpayers helped make Moderna executives super-rich, but those same execs aren't exactly sharing the wealth with scientists who made their COVID-19 vaccine a global success.
HSBC: A Climate-Pledge Cautionary Tale
By Julia Conley / Common Dreams An effort by global financial giant HSBC to water down an industry climate pledge exemplifies the fact that banks and other profit-driven companies “cannot…
A Project for Survival in These United States
Lifting from the bottom so everyone can rise.
Ellen Brown: Wall Street’s Latest Scheme Is Monetizing Nature Itself
Just in time for the UN’s policy push for “30 x 30” – 30% of the earth to be “conserved” by 2030 – a new Wall Street asset class puts…
These Billionaries Received Taxpayer-Funded Stimulus Checks During the Pandemic
IRS records reveal that 18 billionaires and some 250 other ultrawealthy people received aid intended to help middle-class Americans.
Democrats Urged to Seize ‘Historic Chance’ on Billionaire Wealth Tax
Following Sen. Kyrsten Sinema's objection to raising the corporate tax rate, the party has turned to Sen. Ron Wyden's proposal.