wealth inequality

The Climate Crisis Is Directly Related To Inequality

May 31, 2024 Diane Bernard, DeSmog. Educate! climate crisis, Inequality, Transformation, wealth inequality

In an interview with Rachel Donald of the podcast Planet: Critical, science historian Naomi Oreskes spoke about her new book, The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market, cowritten with Erik M. Conway. She explored why our climate is in crisis, detailing how institutions, lobbyists, and corporations continue to undermine democracy; and why a renewable world threatens the powers that be. Ultimately, Oreskes points out that the climate crisis is not a scientific problem, but a political, economic, and social issue. Oreskes is a professor at Harvard University who co-authored the bestselling book Merchants of Doubt, and has written nearly 200 scholarly papers and popular articles.

White Residents Of Baton Rouge, Louisiana To Form Separate City

May 10, 2024 Natalia Marques, People's Dispatch. Educate! Louisiana, Poverty, Racism, Segregation, US South, wealth inequality, White Supremacy

The State Supreme Court in the southern US state of Louisiana, on April 26, gave the city of St. George the right to secede from the larger capital city of Baton Rouge. This has cleared the way for a group of wealthy white Baton Rouge residents to carve out a majority-white enclave of the largely Black city—recalling the history in the US of segregation and white flight. Wealthy, white residents of Baton Rouge have been trying to secede from the rest of the city in some shape or form for over a decade. In 2012, a group of parents went to the state legislature to propose the creation of a separate school district which they called the Southeast Community School District. This effort failed, but the following year they tried once again and also failed.

How To Unite Local Initiatives For A More Sustainable Global Future

May 5, 2024 Vasilis Kostakis and Nikiforos Tsiouris, Resilience. Create! Local Economies, Sustainability, The Commons, wealth inequality

This article challenges the belief in high-tech solutions to solve socio-environmental crises, proposing a political vision beyond “green growth” and “ecomodernism.”. It advocates for a commons-based technology framework, promoting collective resource management for sustainability. We thus introduce “cosmolocal” production, a configuration that strives to connect communities around shared resources and serve their needs while minimizing ecological impact. Despite acknowledged tensions, we contend that the cosmolocal framework could foster institutional and social change, aiming to address environmental degradation and wealth inequality.

U.S. Billionaire Wealth Is Up 88% Since The Pandemic

March 26, 2024 Chuck Collins and Omar Ocampo, In These Times. Educate! Billionaires, Pandemic, Tax the rich, wealth inequality

Four years ago, the United States entered the Covid-19 pandemic. Forbes published its 34th annual billionaire survey shortly after with data keyed to March 18, 2020. On that day, the United States had 614 billionaires who owned a combined wealth of $2.947 trillion. Four years later, on March 18, 2024, the country has 737 billionaires with a combined wealth of $5.529 trillion, an 87.6 percent increase of $2.58 trillion, according to Institute for Policy Studies calculations of Forbes Real Time Billionaire Data.

Why Did Baltimore Lavish Tens Of Millions In Tax Breaks?

March 7, 2024 Taya Graham, Stephen Janis and Jayne Miller, The Real News Network. Educate! Affordable Housing, Baltimore, Maryland, Poverty, Tax Breaks, wealth inequality

Baltimore is often maligned as a shrinking city beset by crime and intractable poverty. But take a walk down President Street just south of Little Italy on a Friday night, and you will enter a world that appears far removed from the idea of a city that is terminally in decay. Past the empty pavilions of the Inner Harbor and east of the city’s increasingly troubled downtown business district, a cluster of towering high-rises emerges from the harbor like a defiant mountain range of concrete. A cobblestone boulevard leads to a European-style thoroughfare dotted with a dazzling array of upscale restaurants and outdoor dining patios.

It’s Time To Act Locally To Address Racial Wealth Inequality

March 1, 2024 Natasha Hicks, Next City. Create! Local Economy, Racial disparities, Systemic Racism, wealth inequality

As we close out Black History Month and the celebration of the many invaluable contributions Black people have made to the U.S., we must also reflect, acknowledge and confront one of the most pernicious issues that has faced generations of Black Americans: racial wealth inequality. Black people have never been able to fully realize the power and freedom that wealth affords since throughout history they have had their wealth systematically blocked or stolen. Despite having the deck stacked against them, generations of Black Americans have been able to save, buy land, start businesses and create their own economic engines.

He Revealed How Taxes Steal For The Rich And Got Five Years In Prison

February 6, 2024 Ari Paul, Fairness and Accuracy in Reporting. Educate! Charles Littlejohn, Internal Revenue Service, Legal System, wealth inequality, whistleblower

Because of Charles Littlejohn, we know that former President Donald Trump and a whole bunch of other rich people pay next to nothing in taxes, while the rest of us frantically file tax returns and see our wages sucked away to fund the military, aid for Israel and corporate subsidies. Littlejohn, a former consultant at the Internal Revenue Service, leaked these tax returns, which resulted in major investigative findings for the New York Times and ProPublica. For leaking this sensitive information, Littlejohn has been sentenced to five years in federal prison, the maximum jail term.

The Rich Get Richer While Global Poverty Deepens

January 17, 2024 Tanupriya Singh, People's Dispatch. Educate! Billionaires, Davos, Neoliberalism, Poverty, wealth inequality, World Economic Forum

The wealth of the world’s top five richest men has more than doubled since 2020 while 4.8 billion people, or 60% of humanity, have been further impoverished. At this rate, while it could only take a decade for the world to have its first trillionaire, it will take 229 years to ensure that no person is living in poverty. These findings are part of a new report titled Inequality Inc. published by Oxfam International, released on the eve of the World Economic Forum meeting in Davos, Switzerland. “We’re witnessing the beginnings of a decade of division, with billions of people shouldering the economic shockwaves of pandemic, inflation and war, while billionaires’ fortunes boom.

Super-Rich 1% Match Carbon Emissions Of The Poorest 5 Billion People

November 22, 2023 Diego Ramos, Scheer Post. Educate! Carbon emissions, Class Struggle, climate crisis, wealth inequality

A new report from Oxfam International reveals alarming disparities in carbon emissions, underscoring a stark contrast between the wealthiest 1% of people and the rest of the planet, with the poorest percentage of the population left to bear the brunt of the environmental damage. The report titled, “Climate Equality: A Planet for the 99%,” makes clear the impact of such emissions, stating that in 2019, the emissions of the super-rich 1% “are enough to cause 1.3 million deaths due to heat.” Violations and disparity in emissions are also highlighted in the report, including the 1% burning through twice as much of the carbon budget as the poorest half of humanity combined in the last 30 years.

The Ghana Susu: Reimagining Financial Development

October 28, 2023 Caroline Shenaz Hossein and Natalie Holmes, Grassroots Economic Organizing. Create! Cooperatives, Ghana, New Economy, wealth inequality

In the wake of global anti-racism movements and a growing awareness of the problematic dynamics of colonial knowledge-making in international development, governments, academics and NGOs are scrambling to reposition themselves and their work in order to address systemic power imbalances. Yet, feminist economists like those at the International Association of Feminist Economics (IAFFE) have pointed out that many efforts and the scholarship largely informing the policy remain superficial, and do not go far enough in tackling the root causes of economic inequality, social and business exclusion.

Amid Discouraging New Inequality Stats, Some Rays Of Hope

October 24, 2023 Sam Pizzigati, Inequality.org. Educate! California, Class Struggle, Finance and the Economy, wealth inequality

Back in the early 20th century, earnest middle-class reformers out to overturn America’s plutocratic order gravitated to the pages of The Public, a weekly magazine whose editor, Louis Post, would become the U.S. assistant secretary of labor in 1913. One year later, the associate editor of The Public would offer a cutting critique of the legal system that so protected our nation’s plutocratic powers-that-be. That system, Stoughton Cooley of The Public avowed, rendered judgments “so far from justice and common sense” that average citizens believe “absolutely that the poor have no redress against the rich.”

Share The Wealth Vs. Waste The Wealth

October 14, 2023 Sam Pizzigati, Inequality.org. Educate! Class Struggle, Finance and the Economy, IRS, Taxes, wealth inequality

In 2020, the Trump team’s last full year, U.S. households annually making over $1 million faced fewer tax audits than households with incomes low enough to qualify for the Earned Income Tax Credit. That had never happened before. But the blame for this plutocratic about-face, a new Americans for Tax Fairness report makes clear, doesn’t belong to the Trump crew alone. Rich people-friendly members of Congress gave Donald Trump his tax-cutting playbook. Ever since 2010, they had been squeezing the IRS budget big-time, forcing the agency “to drastically pull back on auditing the ultra-wealthy.” How drastically?

America’s Auto Workers: On Strike Against Inequality, Again

September 18, 2023 Sam Pizzigati, Inequality.org. Resist! Auto Workers, History, Strikes, Unions, United Auto Workers (UAW), wealth inequality, Worker Rights and Jobs

This past Thursday night, just hours before the expiration of the United Auto Workers contract with Detroit’s Big Three, UAW president Shawn Fain had plenty on his mind. Most of that plenty would be obvious and predictable. The impending expiration of his union’s auto industry contract, with no new pact in sight. The state of the union’s readiness for what could be the UAW’s most pivotal strike since 1937. But Fain had something else on his mind as well: the continuing and unforgivable maldistribution of America’s income and wealth. “Just as in the 1930s,” Fain reminded his fellow auto workers, “we’re living in a time of stunning inequality throughout our society.”

Two Degrees Of Warming Could Cause One Billion Deaths Over Next Century

August 31, 2023 Cristen Hemingway Jaynes, EcoWatch. Educate! climate crisis, Deaths, Environment, Oil and Gas, wealth inequality

A new study by Joshua Pearce of London’s Western University and Richard Parncutt of the University of Graz in Austria has found that, if global heating reaches or surpasses two degrees Celsius by the year 2100, there is a high probability that over the next century humans, mostly the wealthiest, will be responsible for the deaths of approximately one billion mostly poorer humans. Many of the most powerful and profitable businesses on the planet are part of the oil and gas industry, which is both indirectly and directly responsible for over 40 percent of carbon emissions, which impact billions of lives in some of the world’s most remote communities that have the least resources, reported Western News.

Time To Start A Conversation About How We Tax Wealth

August 11, 2023 Peter Lazenby, Morning Star Online. Create! Class Struggle, Taxes, United Kingdom (UK), wealth inequality

United Kingdom - The TUC has condemned a “tale of two Britains” which sees working people suffering “the longest pay squeeze in modern history” while bankers’ bonuses are at eye-watering levels and chief executive pay is surging. The damning criticism came as the TUC launched a blueprint to squeeze Britain’s multimillionaires for a “modest” proportion of their wealth and end the country’s “increasing wealth inequality.” The blueprint would raise £10 billion for the public purse and should be the “start of a national conversation about taxing wealth,” said TUC general secretary Paul Nowak. It would affect only 140,000 individuals — 0.3 per cent of Britain’s population.

«1 2 3 4 5 6 7 8 9 10 »

Daily movement news and resources