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Taxes

The World Is Building An IPCC For Inequality

Inequality is in the same place as the climate crisis now — the evidence is not the thing we are short of. We already know the shape of it. The richest 1 percent took 41 percent of all the new wealth created between 2000 and 2024. Around 2.3 billion people, nearly one in four of us, now skip meals because they can’t afford to eat. South Africa, which is carrying this panel forward, is the most unequal country the World Bank has ever recorded. A panel will sharpen that picture, and sharper is better. But nobody skipping meals is waiting for a footnote. What they are waiting for is action, and action comes from pressure. Here is the encouraging part: That pressure is already working.

US Judicial Failure To Uphold The Law Against Genocide

“One Day, Everyone Will Have Always Been Against This.” That is the title of Omar El Akkad’s 2025 National Book Award–winning nonfiction book, based on the full quotation: “One day, when it’s safe, when there’s no personal downside to calling a thing what it is, when it’s too late to hold anyone accountable, everyone will have always been against this.” “This” means the genocide of Palestinians – in Gaza, the West Bank, Lebanon, Syria — in the war for “greater Israel.”   Our world now witnesses the evisceration of internationally accepted standards as well as U.S constitutional and statutory law, lowering the moral bar to more atrocities.

US Citizens Should Be Paid $27,522 In Compensation For Illegal Wars

The Trump administration’s illegal bombing of Iran and murder of school-children has underscored for millions of people the perils of the U.S. warfare state. At the end of the Cold War, with the Soviet “threat” gone, the American public had been promised a “peace dividend” by which public money would be spent on education, health care, parks and other public goods. Unfortunately, since that time, new national security “threats” were invented and the military budget was increased substantially for 25 out of the next 34 years. John Rachel[1] argues in his book America’s Hijacked Peace Dividend: Long Overdue and Immediately Payable that the exorbitant amount of money spent on “national defense” was effectively stolen from American taxpayers in what is among the “biggest scams in world history.”

Executive Excess At Low-Wage Corporations

Low-wage U.S. workers have faced multiple rising threats to their economic and personal security over the past year. Aggressive ICE actions have terrorized immigrant workers, who are disproportionately represented at the bottom of the corporate ladder. Congress approved the largest cuts in history to public assistance programs that millions of low-wage workers have to rely on to get by. And the Trump administration has attacked diversity, equity, and inclusion (DEI) programs designed to expand opportunities for disadvantaged employees.

Don’t Coddle For-Profit Insurers; Take Them On!

Paul Krugman won the Nobel Prize for Economics in 2008 and must be a smart fellow. He wrote on Substack August 11, “The U.S. Healthcare System is Already Mostly Socialized, and there’s nothing radical about wanting to end insurance company parasitism.“ Krugman explained that taxpayers currently pay two-thirds of US healthcare costs. It’s not just the costs of Medicare, Medicaid, the Indian Health Service, the VA, and the Affordable Care Act premium subsidies, but also employers deduct their contribution for their employees’ private insurance as a tax-deductible expense, while the employees owe no income tax on the value of employers’ contribution.

The Economic Power Of Immigrants

Immigrants have been horribly mischaracterized by shameful deceiving politicians looking for cheap political gains, an American tragedy happening right under all our noses. It’s a horrible mistake that’s destined to hurt America’s economy and Wall Street. America’s economy cannot function very well without immigrants. Currently, the US economy is threatened with contraction by loss of immigrant entrants. This will cripple the economy. One of America’s best kept secrets: Immigrants are among America’s most productive resources and a bonanza for growth. Immigrants strengthen America.

New Campaign Targets The Wealthy’s Increasing Use Of Private Jets

As the climate crisis ravages the planet with wildfires, droughts and floods, the wealthy are using private jets, which spew carbon into the atmosphere, more and more frequently. Not only does this exacerbate the climate crisis, but it is putting a strain on air travel infrastructure. Through a powerful private jet lobby, the cost of private air travel has been shifted to those who use commercial airlines and taxpayers. Chuck Collins of the Program on Inequality and the Common Good at the Institute for Policy Studies, which recently launched its Tax Private Jet campaign, speaks with Clearing the FOG about the many reasons why we need to curtail private jet use and the growing movement to do that.

Palantir Profits From European Public Services; Avoids Taxes That Fund Them

Tech company Palantir has become widely known for the dystopian values espoused by its founders and their stated support for Israel throughout the genocide in Gaza. A new report now indicates the company may also be engaged in extensive tax dodging, allowing it to avoid contributing to the public services it profits from. Launched on August 5 by the European Federation of Public Service Unions (EPSU) and the Center for International Corporate Tax Accountability and Research (CICTAR), the report identifies “an estimated €12 million (approximately USD 13.8 million) ‘tax gap’ between what Palantir pays in Europe and what they would have paid if they didn’t shift profits to the United States.”

States Can Make Big Tech Pay Their Fair Share

A year ago, Congress and President Trump deeply slashed taxes on corporations and the rich. Those cuts were funded by historic cuts to Medicaid, food assistance, education and many other programs our communities rely on. Today, those cuts have left many states badly in need of new revenue sources. Illinois may have found one — and other states should pay attention. This June, Illinois lawmakers passed a tax on the digital advertising revenue of corporations like Google, Meta, and Amazon. These companies make billions selling targeted online advertisements based on the content you click on — while contributing relatively little to the public good or systems that make those profits possible. 

Where Is Massachusetts’ Millionaire Exodus?

“Tax me all you want. I’m out.”  In an interview with The Boston Globe, hedge-fund manager Paul Krager ominously predicted that the Massachusetts Fair Share Amendment—a four percent surtax on incomes above $1,000,0000—could “destroy the best city [Boston] and the best state in America.” He predicted that CEOs, corporations, and wealthy residents would all flee to more tax competitive states like Texas, Florida, and New Hampshire. His words echo other critics’ portrayal of a “Millionaire Exodus” where wealthy U.S. nationals renounce their citizenship to escape paying taxes. 

Louisiana’s Tough-On-Crime Policies Will Cost Taxpayers Millions More

The day after a shooting last month killed a teenager and injured five people at the Mall of Louisiana, Gov. Jeff Landry blasted what he referred to as “hug-a-thug” policies — reforms put in place prior to his tenure when the state was trying to shed its reputation as the nation’s incarceration capital. He also demanded harsher penalties for violent minors. “I’m done with them. It doesn’t matter how old they are,” Landry, a Republican, said during a news conference in Baton Rouge. “We’ve got 18,000 acres at Angola — if it was up to me, I would send them all there for the rest of their lives.”’

The Average Taxpayer Shelled Out Over $4,000 For War And Weapons Last Year

Well it’s tax season again. Do you know where your tax dollars actually go? As federal budgeting experts, we get asked about this a lot—often, it’s something people simply have no idea about. But if you’ve watched the Trump administration launch one war after another, flood the streets of American cities with Immigration and Custom Enforcement agents, and call the very idea of an affordability crisis a “hoax” by their political opponents, you might be getting the general idea. Around half of Americans are struggling to afford basic necessities.

We Asked Tax Experts Everything About Mutual Aid

For years, Bean, a former resident of the Twin Cities currently living in Central Minnesota, has helped her neighbors raise money for rent and other needs. So earlier this year, when she became aware of Stand with Minnesota’s Adopt a Rent program, she knew she wanted to help. “That turned into, very literally, a full-time gig,” Bean says. Because she lives on disability and isn’t based in the Twin Cities, where most of the ICE chaos was centralized, she had the time to throw herself into fundraising rent for Minnesota families. “By the last week of February, I was like, ‘Alright, this is what I do now,’” she says.

Mali Recovers Over USD 1.2 Billion After Renegotiating Mining Deals

Mali’s government announced earlier this month that it has secured more than 761 billion CFA francs (about USD 1.2 billion) in unpaid revenue from mining companies following a comprehensive audit and renegotiation of contracts in the extractive sector, making it one of the most significant resource governance interventions in the country’s recent history. Mali is one of the world’s top 20 gold producers and Africa’s third largest gold producer and it relies heavily on mining as a pillar of its economy. Yet, in light of the disparity in the amount of minerals exported and revenue that Mali was obtaining for them, authorities concluded that the country was not receiving its fair share of benefits from its natural resources.

Half Of The World’s Population Owns Just 2% Of Global Wealth

Neoliberal free-market economic policies are creating an unprecedented concentration of wealth and power in the hands of a few, leaving the majority of the world population with little or no means to make a decent life and almost no power over their destiny, claims the 2026 World Inequality Report published earlier this month. The report claims, “inequality today is not confined to income or wealth; it affects every domain of economic and social life” resulting in the world facing unequal access to basic material resources, gender disparities, territorial divides and climate change, among others.
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