As major firms have blared dire warnings about the effects of the U.S. and Israel’s war on Iran on the economy and the growing affordability crisis, President Donald Trump on Sunday bragged to reporters about plans for his $400 million gilded White House ballroom on Air Force One. Holding up printed renderings of the ballroom, Trump bragged for several minutes about the extravagant-looking…
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A new analysis finds that the richest 15 billionaires in the U.S. saw their wealth skyrocket by nearly $1 trillion in the first year of President Donald Trump’s second term, which also contained one of the single largest cuts to welfare benefits in U.S. history. The Institute for Policy Studies (IPS) report, citing data from Forbes, has found that U.S. billionaires’ assets surged by a…
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A new Economist/YouGov poll published this week indicates that a majority of Americans are supportive of higher taxes on the rich, and believe that the federal government has an obligation to address wealth inequality. Asked whether they think billionaires in the U.S. are taxed either too much or too little, 61 percent said billionaires’ tax rates were either “somewhat too low” or “much too…
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Senate Republican Ron Johnson (Wisconsin) has said that the U.S. “can’t afford” to implement Donald Trump’s proposal to send out $2,000 checks to supposedly offset costs of tariffs — just days after the president wined and dined some of the richest people on the planet at an extravagant black tie dinner in the White House. “Look, we can’t afford it. I wish we were in a position to return the…
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