Category Archives: Ruling Class

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Seattle Makes History – Passes ‘Tax The Rich’ Income Tax

Seattle Makes History – Passes ‘Tax The Rich’ Income Tax
Above Photo: Kshama Sawant addresses a crowd of “tax the rich” supporters outside at a rally before the vote. “When we fight, we win” – Kshama Sawant Today, Seattle passed a “tax the rich” income tax by a vote of 9-0. The ordinance plans to tax those with a total income in excess of $250k (single) and $500k (joint filers) at 2.25%. Based on 2014 IRS data, the city estimates it will be able to raise approximately $125 million a year, while ... Read more

G20 Is Desperately Trying To Save A Failed World Order

G20 Is Desperately Trying To Save A Failed World Order
Above Photo: This G20 will pitch the “strongmen” against the “moderates” – Merkel, Macron, Trudeau, writes Dearden [Matt Cardy/Getty Images] The G20 agenda utterly fails to break with the tired, broken free-market policies that brought devastation to our world. The Hamburg G20 might go down in history as the moment the international elite just couldn’t hold it together any longer. For years, leaders of the most powerful countries have come ... Read more

What Happened To America’s Wealth? The Rich Hid It

What Happened To America’s Wealth? The Rich Hid It
Above Photo: Jeff Smallwood/Flickr There’s actually trillions that could be used to fix our roads and schools. The wealthy just don’t want you to know where it is. If you find yourself traveling this summer, take a closer look at America’s deteriorating infrastructure — our crumbling roads, sidewalks, public parks, and train and bus stations. Government officials will tell us “there’s no money” to repair or properly maintain our tired ... Read more

US 1% Will Control 70% of Wealth By 2021

US 1% Will Control 70% of Wealth By 2021
Above Photo: America’s oligarchs are set to maintain their grip on the majority of the country’s wealth, with a new study claiming that they will control 70 percent of national wealth by 2021. (AP/Vadim Ghirda) A new study by the Boston Consulting Group has found that while wealth inequality is growing on a global scale, it has kicked into overdrive in the United States – where America’s 1% are expected to control 70 percent of the nation’s ... Read more