Truthout
Economy
120 Democrats Demand Repeal of Millionaire Tax Cut GOP Buried in Last COVID Bill
They argue the rollback would free up hundreds of billions in revenue which could be used to help struggling families.
Warren Says Her First Move on Finance Committee Will Be a Wealth Tax
After landing a spot on the Finance Committee, Warren said, “It is time to make the ultra-rich pay their fair share.”
The GameStop Saga Is Not the Revenge Against Finance We Deserve
Real revenge requires abolishing the financial sector as we know it and the systems of oppression it fosters.
Ilhan Omar Pushes Tax on All Stock Trades Amid GameStop Controversy
Taxing every trade made on Wall Street could produce more than $1 trillion in federal revenues.
GameStop Saga Reveals How Wall Street Offers Little to Our Collective Well-Being
What sort of social order lets people get rich betting on whether companies will fail while workers lose their jobs?
Sanders on Billionaire Investor’s Tax Fears Amid GameStop Saga: “Cry Me a River”
The ongoing GameStop saga has sparked renewed calls for a financial transactions tax and other redistributive measures.
Biden’s $1.9 Trillion Stimulus Is a Vital Beginning for a New New Deal
The next step should be to enact truly transformative progressive economic programs and rein in Wall Street.
AOC, Pelosi Say Trade Bans by Robinhood on GameStop Stocks Warrant Inquiry
Retail investors were able to increase the price of GameStop's stock after hedge funds had attempted to “short” shares.
Progressives Warn Against Scaling Back Relief Bill to Gain GOP Support
The Biden White House is reportedly weighing the possibility of splitting its proposed COVID relief package in two.
Ro Khanna Warns Democrats Against Restricting Eligibility for COVID Checks
Khanna argues this approach would fuel the widespread view that the government doesn't care about the middle class.