Truthout
Billionaires
Majority of Likely Voters Support Higher Taxes for Billionaires, Poll Finds
Sen. Ron Wyden’s Billionaires Income Tax proposal enjoys majority support from Democrats and Republicans alike.
Study Warns “Luxury” Pollution by the Mega-Rich Is Imperiling the Planet
Emissions from a single billionaire’s space flight exceed the emissions that others cause through their entire lives.
Elon Musk Opposes Billionaire Tax While Making a Record $36 Billion in One Day
Musk’s net worth of over $288 billion is over 1 percent of the U.S. GDP of $22.7 trillion.
US Billionaires Became $2.1 Trillion Richer in 19 Months of Pandemic
Over 700 billionaires now hold $5 trillion in collective wealth.
More Than Half of US’s 100 Richest People Dodge Estate Taxes Via Special Trusts
The estate tax can be easily avoided by exploiting a loophole unwittingly created by Congress three decades ago.
House Democrats’ Proposed Corporate Tax Hike Falls Short of Even Biden’s Plan
Progressive groups were quick to voice their disapproval of the contours of the unfinalized House Democrats' plan.
7 Wealthiest Americans Have Enough Wealth to Cover a Third of $3.5T Budget Plan
Jeff Bezos, Elon Musk, Bill Gates, Mark Zuckerberg, Larry Page, Sergey Brin and Larry Ellison pay almost no income tax.
Trump’s Tax Cut Helped 82 Ultrawealthy Households Save More Than $1 Billion
The millions spent on campaign donations and lobbying for the cuts are minuscule compared with the savings of the rich.
US Could Fund Vaccines for Whole World by Taxing Billionaires’ COVID-Era Profits
The tax would raise $5.4 trillion in revenue and still leave the world’s billionaires about $55 billion richer.
Pelosi Opposed Student Loan Cancellation After Billionaire Ally’s Memo
The House speaker said last week that she believes the president doesn’t have the authority to cancel student debt.