THE SUPER-RICH PAY LOWER TAXES THAN YOU – AND HERE’S HOW THEY DO IT…
How do the wealthy get away with paying a lower percentage of their income and wealth in taxes than ordinary people? A big part of the answer is that many of their fortune streams – from dividends to inheritance – are chronically undertaxed, says Chiara…
TAXATION OF THE SUPER-RICH HAS COLLAPSED: AS ONE IN EIGHT PEOPLE GO TO BED HUNGRY, THAT SIMPLY HAS TO CHANGE
When even millionaires are pleading to be taxed so governments can tackle our colliding global crises, we can see there’s something rotten in the state of economic policy. Max Lawson introduces Oxfam’s 2023 Davos report, ‘Survival of the Richest: How we must tax the super-rich now…
Beating back the Billionaire Variant
By Anthony Kamande In the informal settlement area of Kawangware in Nairobi, my friend Joe, a nurse, is quarantining in his small room after getting COVID-19 for the second time. He’s less concerned about the virus than his finances, which have deteriorated severely in the…
Lebanon is collapsing, and our ruling elites are watching from their superyachts
By Dana Abed and Sasha Al Hilani Lebanon, that small country on the Mediterranean, is rocked and rotten by core inequalities, that make life today on its premises insufferable – unless you are, of course, part of the oligarchy! For the past two years, Lebanon…