Trump’s tax scam, as you can see from the video above, is a big tax giveaway to the rich via corporations. When corporations receive tax breaks, this raises their after-tax profits, which is then passed on almost exclusively to the rich via higher dividends and surging stock prices. 160 more words
Tags » Wealth Inequality
The Republican controlled House of Representatives passed their version of tax (reform/gifts to corporations). This is (great/horrible) news depending on whether you watch (Fox/MSNBC).
Next up on the docket is we all wait and see if the Senate can pass their own version of tax reform. 1,268 more words
US Wealth Inequality Has Increased Since the Great Recession: What the Corporate News Media Doesn't Want to Tell You
Wealth inequality has grown since the Great Recession, according to a new report by the Pew Research Center. This inequality is at a level never seen before in the history of the United States, and it has been fueled by unprecedented income redistribution from the 99 to the 1 percent. 166 more words
Illustration: John Shakespeare
How corrupt and sick is an economic and political system designed to churn out billionaires at the expense of everybody else? The top three richest Americans (Jeff Bezos, Warren Buffett, Bill Gates) own more wealth than the bottom 50 percent of Americans. 339 more words