#income-redistribution

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#wealth-inequality #wealth-tax #billionaire-taxation #social-security-insolvency #fiscal-policy
US politics
fromFortune
2 days ago

Social Security has kept wealth inequality in check for decades. Trump's policies could deplete it in 6 years | Fortune

Social Security's $40 trillion buffer has moderated wealth inequality for decades, but accelerating fiscal policies threaten its insolvency by 2032, potentially widening the wealth gap to Gilded Age levels.
#wealth-tax
fromFortune
1 week ago
US politics

Bernie Sanders' billionaire tax would soak about 900 people to fund $3,000 checks for the middle class | Fortune

Senator Bernie Sanders and Representative Ro Khanna introduced a 5% annual wealth tax on billionaires to fund $3,000 checks for middle and lower-income households earning $150,000 or less.
fromBusiness Insider
1 week ago
Silicon Valley real estate

Bernie Sanders is unveiling a 5% billionaire wealth tax that would fund $3,000 checks for Americans

Sanders and Khanna propose a 5% annual wealth tax on billionaires to fund $3,000 direct payments to Americans earning under $150,000 annually and expand social programs.
fromFortune
1 week ago
US politics

Bernie Sanders' billionaire tax would soak about 900 people to fund $3,000 checks for the middle class | Fortune

fromBusiness Insider
1 week ago
Silicon Valley real estate

Bernie Sanders is unveiling a 5% billionaire wealth tax that would fund $3,000 checks for Americans

more#wealth-tax
fromwww.theguardian.com
2 weeks ago

If AI makes human labor obsolete, who decides who gets to eat?

How will we be fed? That's the biggest question not seriously being addressed amid all this talk about whether or not artificial intelligence will end up taking over all of our jobs. Formidable though the technology appears, similar fears have popped up repeatedly since the Industrial Revolution, and most working-age adults remain employed. Still, what is sorely missing is a serious debate about what to do if this future in fact materializes.
World politics
US politics
fromTruthout
4 months ago

US's 10 Richest People Have Gained Nearly $700B in Wealth Since Trump Reelection

Wealth inequality surged: the top 0.1% now own 12.6% of US assets and billionaire fortunes grew sharply following Trump-era tax changes, worsening working-class conditions.
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