wealth

Why ‘We Need To Tax Billionaires’

Top U.S. economist Gabriel Zucman makes the intellectual, political and financial case for a wealth tax in this exclusive excerpt from his latest book.

New State Taxes on the Wealthy Raise Revenue and Rebalance Tax Codes, Advancing Racial Justice

Taxing the rich is proven fiscal policy – it raises revenue for vital public services and makes tax codes fairer. But a part of the debate that rarely gets enough attention: taxing the rich is also one of the most effective tools available for advancing racial equity.

The wealthy do not flee because of tax

I missed this in the Financial Times from 30 July: The number of “non-doms” [in the UK] dropped by less than 1 per cent immediately

Federal Tax Cuts for the Wealthy Are Bankrupting States. Some Are Fighting Back.

Why finance jobs are widening income inequality in cities around the world

Our study found that financial hubs around the world have significantly higher levels of income inequality.

Trump Weighs Another Giveaway to the Wealthy With Capital Gains Indexing Ahead of Midterms

Trump is once again weighing a proposal to index capital gains taxes to inflation as part of a set of policy promises ahead of the midterm elections. It would amount to a massive new tax break for wealthy investors.

The big Blair-era loophole behind Palantir’s tiny tax bill

Palantir’s UK CEO Louis Mosley says the company uses “a standard tax incentive” to minimise corporate tax. But the UK is one of the few countries that allows for this.

Calls to tax billionaires are growing. Is there a better way to tax the rich?

Here’s why billionaires can face lower tax rates than people whose income primarily comes from wages.

Decolonizing economics means questioning where its ideas came from — and imagining new ones

Calls to decolonize economics challenge the discipline’s foundational assumptions about development, markets and inequality.

Forcible Eviction of 87-Year-Old Madrid Woman Sparks Protest Encampment over Spain's Housing Crisis

The eviction of 87-year-old María del Carmen Abascal Martín in Madrid, after an investment fund bought her apartment building and more than tripled her rent, has become a symbol of Spain’s rising cost of living and sparked nationwide protests against corporate greed and wealth inequality. Over 600 protesters are now camped outside Madrid’s regional government headquarters demanding new tenant protections.