The mayor, his supporters, and public opinion convinced their previously reluctant governor to agree to a tax on the second (or third, fourth, fifth, etc.) homes of their city’s nonresident rich.
Poverty & Wealth
Posted inEnergy and the Environment
Trump: Poor People’s Power Bills Are Too Damn Low (Again)
To help pay for his war of choice with Iran, Trump wants to zero out funding for energy assistance and efficiency programs. But it’s not the first time he’s tried to dismantle them.
Posted inHealth and Social Policy
GOP Food Stamp Work Requirements Hit Just as Jobs Dry Up
Millions of people will lose food stamps, according to early estimates.
Posted inHealth and Social Policy
Mom, Kids, and Nowhere to Go
Family homelessness is spiking just as the Trump administration rolls back social services.
Posted inEconomic Policy
A Retrospective on Bidenomics
Joe Biden listened to the left on full employment. But the lasting effects were wanting, and the politics were brutal.
Posted inMoney, Politics, and Power
Greed Flows South
Some of our billionaires feel comfortable only in states of the neo-Confederacy.
Posted inEconomic Policy
Notes for Next Time
My generation got a very good economic deal. We need to restore opportunities to our children and grandchildren, or there will be more recruits to MAGA.
Posted inEconomic Policy
A K-Shaped Economy Requires K-Shaped Taxes
Wealth tax skeptics either fail to notice the massive upward redistribution of wealth, income, and political power, benefit from it, or fear challenging it.
Posted inEconomic Policy
Billionaire Wealth Has Doubled So Far This Decade
An estimate of a new wealth tax proposal shows that it would generate twice as much revenue as it did when it was first introduced in 2021.
Posted inEconomic Policy
More States Are Taxing the Ultra-Rich—Washington Is the Latest
As inequality grows, states are stepping up where the federal government hasn’t. ‘It’s a movement,’ says Patriotic Millionaires’ Chuck Collins.