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#Wealth Tax

seattleschild.com

Opinion: What the new capital-gains tax means for Washington families

Earlier this year, after 10 years of working toward it, the Legislature finally made good on a promise to begin to balance our upside-down tax code. As advocates for equity, we know that for too long, Washington’s tax system has meant that the poorer you are, the more of your income you pay in state and local taxes, while the very wealthy get away with paying less than their share.
WASHINGTON STATE
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ywcaworks.org

Why You Should Care About Progressive Revenue

January 10 marked the start of the 2022 legislative session in Washington. This year, we have a unique opportunity to re-balance our tax code and further racial equity in communities across the state. WHAT IS PROGRESSIVE REVENUE?. Progressive revenue is any funding source that graduates by income. A progressive tax...
WASHINGTON STATE
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TRENDING TOPICS
resilience.org

Report: Taxing the World’s Richest Would Raise US $2.52 Trillion a Year

A new analysis, “Taxing Extreme Wealth,” by the Fight Inequality Alliance, Institute for Policy Studies, Oxfam, and Patriotic Millionaires found a shocking rise in global wealth among the world’s richest people despite deepening inequality during the Covid-19 pandemic. The analysis, “Taxing Extreme Wealth: An annual tax on...
PERSONAL FINANCE
sasktoday.ca

Higher taxes will make homes less affordable

The federal government is using tax dollars to dream up a new way to hammer homeowners. In 2020, the online news site Blacklock’s Reporter discovered the federal government funnelling $250,000 through the Canada Mortgage and Housing Corporation to figure out how to improve housing affordability. The big brains funded...
REAL ESTATE
westmeathindependent.ie

Call for small wealth tax on super-rich

Flóra Conroy of Westmeath People Before Profit has welcomed an Oxfam report published this week which has called for a 1.5% wealth tax on Ireland’s multimillionaires, to raise €4 billion. The Oxfam report highlighted a staggering increase of 58% in the wealth of Ireland’s billionaires over the...
WORLD
Counter Punch

Two Sides of the Same Coin: Suppress the Vote, Cut Rich People’s Taxes

America’s national media typically pay little attention to the moves the nation’s state lawmakers make. Not this year. State legislative battles have emerged over recent months as a top-tier national story. And deservedly so. The battling at the state level — on a tidal wave of proposed new voter-suppression laws — could well determine the course of American democracy.
ARIZONA STATE
Republic Monitor

2 More $1,400 Stimulus Checks Could Be Released Anytime To Millions of Americans

According to sources, a small wealth tax on America’s Multi-millionaires and billionaires might raise more than $900 billion every year, enough to fund two more $1,400 stimulus checks. Wealth Tax Benefits. According to the latest report of the U.S Sun, during the COVID-19 pandemic, the wealth of the world’s...
INCOME TAX
Real News Network

A global wealth tax is the least we can do to curb runaway wealth concentration

The concentration of wealth in the hands of a select few has become a global problem that poses a threat to the basic functioning of our societies. According to a landmark new analysis by the Institute for Policy Studies, Oxfam, the Fight Inequality Alliance, and Patriotic Millionaires, “A wealth tax of 2% on the world’s millionaires, 3% on those with wealth above $50 million and 5% on the world’s billionaires would raise $2.52 trillion dollars annually. This would be enough to lift 2.3 billion people out of poverty, make enough vaccines for the whole world, and deliver universal health care and social protection for all the citizens of low and lower middle-income countries (3.6 billion people).”
ECONOMY
Daily Camera

Letters to the editor: Climate change: As a well-to-do and climate-concerned Boulderite, I’d be happy to pay a higher tax to cover my share of excess pollution. — Trevor Stone

Trevor Stone: Climate change: Tax carbon, not wealth. Re: Daily Camera Jan. 18, 2022 guest opinion “Class and climate change: A wealth tax would justifiably target carbon-indulgent Boulder:”. Tom Mayer’s call for a wealth tax rightly points out that the wealthiest 10% of the population step with a disproportionately...
BOULDER, CO
10ztalk.com

Global Wealth Inequality Is Deadly

Oxfam reported this week that the world’s ten richest men saw their wealth double during the pandemic—from $700 billion to $1.5 trillion–while the incomes of 99% of the world’s population dropped. “Widening economic, gender, and racial inequalities—as well as the inequality that exists between countries—are tearing our world apart,” Oxfam declared. Meanwhile, for the second year in a row, the World Economic Forum’s Davos conference is being held virtually due to the pandemic. Billionaires and millionaires are traditionally invited to Davos to offer insights into the problems of the day, from catastrophic climate change to COVID-19. Beyond this virtual sanctum, in the real world, Oxfam notes, inequality is killing one person every four seconds.
HEALTH
californiaexaminer.net

Tax us now’: Nearly 100 millionaires call for higher taxes globally

102 billionaires, including Abigail Disney, sent an open letter to the World Economic Forum’s annual Davos conference, claiming that the existing tax system is unjust and “deliberately structured to enrich the wealthy.”. On Wednesday, more than 100 billionaires issued an unprecedented plea: “Tax us immediately.”. Their appeal...
INCOME TAX
manitobapost.com

Opinion: Higher Taxes, Less Affordable Homes

The federal government is using tax dollars to dream up a new way to hammer homeowners. In 2020, the online news site Blacklock’s Reporter discovered the federal government funneling $250,000 through the Canada Mortgage and Housing Corporation to figure out how to improve housing affordability. The big brains funded...
REAL ESTATE
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