In an essay in the Atlantic, Disney writes of the hold of wealth: "The more you have, the more you need."
You may have heard Joe Biden wants to tax the wealthy. He does, but he wouldn't do it with an outright wealth tax. Here's the difference - and why.
Of the 100 firms in the S&P 500 with the lowest median wages, 51 boosted CEO pay by 29% on average while cutting the typical worker's pay by 2%.
The tax targeted the top 0.8% of Argentinian taxpayers, and revenue will go to pandemic relief. Yet critics say a wealth tax in the US wouldn't work.
Cooperman sees ways besides a wealth tax to raise money: "We don't need a $100 billion cabinet to tell the states how to educate their children."
Warren said she's made three tax proposals - on wealth, corporate profits, and enforcement - that could pay for Biden's $3.5 trillion plans, and more.
Joe Sanberg's family benefited from progressive policies before he invested in Blue Apron. "I want to live in a place where everyone is doing well."
While President Joe Biden isn't proposing an outright wealth tax, Bloomberg reports he would target the wealthiest Americans' taxes.
"I find Senator Warren's invitation self-serving and disingenuous," billionaire Cooperman wrote in a response.
Warren wants a wealth tax. Billionaire Cooperman has repeatedly criticized her proposal. Now she's invited him to testify at a Senate Finance hearing.
In a new poll from Hill-HarrisX of 2,813 registered voters, 56% responded that billionaires paying a wealth tax could help solve wealth inequality.
"We're going to come out of the pandemic another degree of more unequal," Chuck Collins, director of the Program on Inequality at IPS, said.
One issue with taxing the ultrawealthy to pay for pandemic losses is they may just avoid the tax. Inequality expert Angus Deaton says so, too.
The IMF used to be criticized for backing the interests of wealthy, developed countries and their major corporations, but now it's saying pay up.
The world's 2,365 billionaires saw a 54% increase in their wealth, according to a new report. That means they now have $12.39 trillion.
Chuck Collins was an heir to the Oscar Mayer fortune. He gave away his inheritance and researched how the rich hide theirs. Now it's a book.
Biden is looking at raising more revenue and has said Americans earning over $400,000 can expect hikes, but he isn't considering a new wealth tax.
Jen Psaki said "there is a shared view that those at the top are not doing their part" but Biden's plans "are different from Sen. Warren's."
Treasury Secretary Yellen previously said a wealth tax has implementation issues and the Biden administration is eyeing other ways to raise revenue.
When Sen. Elizabeth Warren introduced her new wealth tax she included letters from law professors on its constitutionality. Insider spoke to them.
Bloomberg reports New York legislators may be able to push through taxes on the ultrawealthy, and Arizona and San Francisco have already done it.
Leon Cooperman said Sen. Warren's "foolish" wealth tax has "no merit," questioned whether it's legal, and said the wealthy would hide from the IRS.
The Biden administration has said a wealth tax would be difficult to implement, but progressives keep proposing it as inequality worsens.
Yellen said at a New York Times event that a wealth tax has been discussed by the Biden administration, "but is not something" the president favors.
Sen. Elizabeth Warren’s renewed calls for a wealth tax centre on the “suffering” of the K-shaped recovery. The wealth tax was a major plank of Warren’s presidential campaign. Throughout the pandemic, wealth taxes have become more popular in efforts to provide relief. Visit Business Insider’s homepage for more stories. In […]
An Oxfam report found billionaires’ wealth increased by $US3.9 trillion between March 18 and December 30, 2020. The increase for the world’s 10 richest billionaires could pay for everyone to get vaccinated and stay out of poverty. The report recommends wealth taxes as one step toward a better world. Visit […]
American billionaires have added $US1.1 trillion to their collective wealth during the pandemic. That brings the collective net worth of America’s billionaires – including 46 new ones – to $US4.1 trillion. Meanwhile, millions of Americans remain unemployed and have fallen into poverty. Visit Business Insider’s homepage for more stories. American […]
The UK Wealth Tax Commission is calling for a one-off tax on the wealthy to help with coronavirus recovery. The experts behind the report say the proposed measure could raise 260 billion pounds – or around $US348 billion. It wouldn’t be the first time that the UK has imposed a […]
Argentina’s Congress has approved a wealth tax on the top 0.8% of earners. The government hopes to collect $US3.78 billion from the one-off levy, according to international press agency Pressenza. The money raised will go towards the equipment and supplies needed to fight COVID-19. It will also be used to […]
The IMF says countries should consider implementing wealth taxes to raise revenue during the pandemic in a recently released policy paper. In recent years, the IMF has shifted its focus and recommended policies aimed at reducing inequality. Sens. Warren and Sanders helped popularise the wealth tax during their progressive presidential […]
« Previous Page