This Little-Noticed Project 2025 Provision Could Supercharge Wealth Inequality
Mother Jones illustration; Getty Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters. Project 2025, the Heritage Foundation’s blueprint for a second Donald Trump presidency—you know, that document he knows nothing about even though 140 people from his first administration, including six former Cabinet members, helped create…
Worried About Kamala Harris’ Plan to Tax Unrealized Capital Gains? Don’t Bother.
Mother Jones illustration; Getty Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters. Do you have $100 million? I don’t. Heck, I don’t even have $50 million! Which is why I’m not worried about the likes of President Joe Biden and maybe-president Kamala Harris and Rep. Barbara…
Will Congress’ Power Over Tax Policy Survive This Supreme Court?
Mother Jones; Engin Akyurt; Tim Mossholder/Unsplash (2) Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters. In December, I published an interview with the tax policy expert and attorney Steve Rosenthal titled “The Supreme Court Case That Could Upend a Century of Tax Law.” Dropped last week,…
America’s Billionaires Are Really Going to Hate This New Senate Bill
Mother Jones; Getty Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.Almost as predictably as the sun rises in the East and sets in the West, the rich grow richer. “Wealth concentration in a few hands is the single most enduring economic pattern across all polities from…
G20 Ministers Get Behind a Global Wealth Tax on Billionaires
Brazilian Finance Minister Fernando Haddad, left, with colleagues at a recent G20 news conference.Jose Luis Magana/AP This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. The world’s 3,000 billionaires should pay a minimum 2 percent tax on their fast-growing wealth to raise about $313 billion a year for the global fight…
Communicating With Elon Musk’s X Is Like Traversing a Scorched Hellscape
Mother Jones illustration; Sebastian Gollnow/DPA/ZUMA Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.Despite Elon Musk’s enshittification of Twitter, to borrow a term from the novelist and culture critic Cory Doctorow, his rebranded social media platform is still useful to journalists like me to communicate with certain…