In April 2020 we reported on the release of the report "Wealth Windfalls, Tumbling Taxes, and Pandemic Profiteers” from Institute for Policy Studies. That study showed that between January 1, 2020 and April 10, 2020, 34 of the nation’s wealthiest 170 billionaires saw their wealth increase by tens of millions of dollars. Now, in an update to that report, the Institute for Policy Studies has released new figures that show that during the pandemic — while unemployment ...
- June 1, 2020
Many on the left still cling to the hope that the COVID-19 crisis will translate into the use of state power on behalf of the powerless. But those in authority have never hesitated to harness government intervention to the preservation of oligarchy, and a pandemic alone won't change that.
- May 28, 2020
We don’t call this “looting” because it is being done quietly in nice marbled office buildings in Washington and New York. We don’t call this “looting” because the looters wear designer suits and are very polite as they eagerly steal everything not nailed down to the floor.
- May 28, 2020
Many economists believe that a recession is already underway. So do millions of Americans struggling with bills and job losses. While the world has certainly experienced its share of staggering jolts in the past, this cycle of events is likely to prove unparalleled.
- April 23, 2020As percentage of wealth, billionaire taxes have fallen 79 percent since 1980. A new report from the Institute of Policy Studies finds that billionaire wealth is still surging compared to median wealth.
- December 1, 2017If the tax breaks are going to corporations, this union wants its fair share.