Thoroughbred horses, auto racing, massive ranches, luxury hotels. The hobbies and side businesses of some billionaires create huge write-offs that can let them get away with paying little or no income tax for as much as a decade at a time.
Money Over People
Meet the real cause of inflation. CEOs can't stop bragging on corporate earnings calls about jacking up prices on consumers to keep their profits soaring.
Wall Street financial institutions are directly complicit in undermining a climate-stable future by deciding to continue profiting from fossil fuel investments.
While traveling in Wyoming in 2020, Sean Deines got very ill and was diagnosed with an aggressive leukemia. An air ambulance transferred him to a hospital in North Carolina ― and generated a bill that was nearly $500,000.
The message from Charles Koch is clear. Fascism and authoritarian government are part of the Koch business model.
Big Oil might deny accountability for the consequences of their stake in Russia and the payments made to Putin's war chest, but they have always been more than happy to profit from their involvement.
If the U.S. wants to clamp down on “ill-gotten gains” of Russian oligarchs, the first step is to get our own house in order.
The real cause of our current "inflation" can be summed up in one word, "profiteering." Companies are simply raising retail prices because they can, not because they are passing on higher costs to consumers. But there is also another reason for it.
The legislative agenda proposed by Florida Senator Rick Scott is designed to punish the poorest people in the country, protect the wealth of the richest and set the stage to destroy Social Security, Medicare and Civil Rights laws.
Who are Putin's oligarchs, and what is their relationship with him? And more importantly, will eroding their wealth do anything to end the war in Ukraine?
Tax havens in past times were sleepy Caribbean backwaters. But now the US, led by investor-friendly financial secrecy laws in states like South Dakota and Delaware, has emerged as a global center for hiding illicit wealth.
Donald Trump’s former campaign chairman and former lawyer worked with, between them, a deposed authoritarian president, a bevy of oligarchs, Russia-oriented politicians and alleged Russian spies.
More than 163 journalists from 48 media outlets in 39 countries across the world spent months analyzing bank account information leaked from Credit Suisse, Switzerland’s second-largest lender.
Prices are going up everywhere. Corporations say it is "inflation" and want smaller government and lower taxes as "solutions." The reality is very different.
World governments are spending $1.8 trillion annually on corporate welfare to support fossil fuel emissions, deforestation, water pollution and other harms to the planet.
Once again the pharma industry has proven that it regulates Congress, not the other way around. How long will America allow rampant drug price gouging?