Taxes

( Clean Energy Wire ) – The German government plans to introduce a power price brake that will grant electricity consumers a lower price for a fixed share of their estimated use in 2021, a presentation prepared by the chancellery and seen by Clean Energy Wire showed. The measure will be financed with taxes retroactively […]

Banking

In Turkey’s plunging Economy, Conspiracy and Corruption allegations Abound

Global Voices

By Civic Media Observatory | – ( Globalvoices.org ) – Whether on a date or at a family gathering, one topic of conversation is on everyone’s lips in Turkey: the country’s deepening economic crisis. There are several angles to the story. While Erdoğan’s government argues that the country is in an “economic war” against enemies, […]

Climate Crisis

Why Fightin’ Joe Biden may be the most Consequential President in Forty Years

Juan Cole

Ann Arbor (Informed Comment) – Joe Biden has been easy for the pundit class to write off. He isn’t, unlike Bill Clinton or Barack Obama, a great speechifier. He overcame his childhood stutter, but he still sometimes hesitates just as he gets to an applause line. He is still the little guy who got picked […]

Climate Crisis

The Climate Case for Taxing Wealth

Basav Sen

by Basav Sen and Bob Lord | – ( Inequality.org) – On April 25, Twitter’s board of directors announced an agreement to sell the company to Elon Musk, the world’s wealthiest person, for $44 billion. That sounds like a lot of money. But Musk can afford it. One recent estimate of the Musk fortune puts […]

Climate Crisis

Majority of Germans favor higher top Tax Rate to finance Climate Protection – Poll

Clean Energy Wire

By Edgar Meza | – ( Clean Energy Wire) – Some 66 percent of German households are in favour of raising the top tax rate to finance climate action, according to a survey conducted by the ifo Institute in cooperation with the forsa opinion research institute. Researchers asked households about their preferences with regard to […]

Inequality

The Richest Americans pay 3.4% in Federal Taxes, a rate 5 Times Less than most People

ProPublica

By Paul Kiel, Ash Ngu, Jesse Eisinger and Jeff Ernsthausen | – ( ProPublica ) – Which people and professions rake in the most income year after year? Which are most adept at shielding that money from the taxman? And what does this tell you about America? The top earners, of course, are often fodder […]

Cold War

I may have failed as a Tax Resister, but Corporate America is Hugely Successful at it

Rebecca Gordon

( Tomdispatch.com) – Every April, as income-tax returns come due, I think about the day 30 years ago when I opened my rented mailbox and saw a business card resting inside. Its first line read, innocently enough, “United States Treasury.” It was the second line — “Internal Revenue Service” — that took my breath away. […]

Food Insecurity

The Year in Inequality in 10 Charts: Our Economic and Racial Divides grew Wider in 2021

Inequality.org

Blogging Our Great Divide by Sarah Anderson Brian Wakamo | – A year ago we had such high hopes. We expected the Covid vaccine rollout to bring a swift end to the pandemic, opening a window for pushing bold solutions to the long-standing economic, racial, and gender divides that had grown even wider under Covid. […]