Capitalism
BY PAN PYLAS AND MASHA MACPHERSON. Updated January 15, 2024 DAVOS, Switzerland (AP) — The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos. Oxfam, which for years has been
Capitalism
The ratio of CEO pay to worker pay is almost 300 to 1. Are we really supposed to believe CEOs work 300 times harder or create 300 times more value than us? As an abstract value at least, equality is generally seen as a good thing in most liberal democratic societies. Outside certain fringes of
Capitalism
The next time you’re struggling to pay your rent or afford child care, think about this: the uberrich in the US are now paying top dollar to cut in line to get health care and hiring rotating casts of nannies so one is always at their beck and call. The 99 percent are suffering. With
Corporate Greed
Sensing its popularity, Obama’s former Supreme Court lawyer and a Louisiana Democrat are using an obscure corporate taxation case to try to make a federal wealth tax illegal before it even exists. The former Supreme Court lawyer for the Barack Obama administration and a Democratic senator-turned-lobbyist are pressuring justices to block Congress from ever instituting
Capitalism
A new congressional report commissioned by Bernie Sanders finds that the 1 percent now own one-third of all wealth, while the bottom half of Americans hold only 2 percent. It’s another sign of the slide into oligarchy that Sanders has warned about for years. Last summer, Bernie Sanders’s YouTube channel released a short clip entitled simply “Oligarchy
Capitalism
The US military has a long history of recruiting poor people by offering benefits like free college. With Joe Biden’s partial student debt forgiveness, GOP war hawks are fretting that the military won’t be able to prey on desperate young Americans anymore. Amid a brutal year for military recruiting, conservative war hawks are openly fretting