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Sister Diane Smith, with CLUE (Clergy and Laity United for Economic Justice), joins The Fair Games Coalition, made up of community leaders, labor organizations, and advocates, announce the launch of the Overpaid CEO Tax Initiative in front of the Tesla Diner in West Hollywood on January 14, 2026.
The gap between rich and poor will not be closed in a seminar room, it will be closed the way every advance against entrenched power has been won, by people organizing, demanding, and refusing to be told that the way things are is the way they have to stay.
For years, the people organizing against extreme inequality have made a simple argument that the world’s institutions preferred not to hear: The gap between the very rich and everyone else is not an accident, not a law of nature, and not something we have to accept. It is a choice, made by people with the power to choose differently.
For a long time that was a fringe position. It isn’t any more.
You can see the shift in the news that South Africa is pushing to create an International Panel on Inequality, like an Intergovernmental Panel on Climate Change (IPCC) for the wealth gap, to pull the evidence together in one authoritative place and put it in front of governments. Joseph Stiglitz backs it. More than 500 economists have signed on.
Nobody skipping meals is waiting for a footnote. What they are waiting for is action, and action comes from pressure.
This is a good thing, and we welcome it. When the establishment builds an institution to take your issue seriously, it means the argument is being won. The people who got this far deserve credit.
But I want to be honest about where the real momentum is coming from, because it matters for what happens next. The panel is a sign of progress. It is not the engine of it. The engine is the movement that dragged inequality up the agenda in the first place, and that movement is where the story of actual change has been written.
Look at what the IPCC has actually done so far. For 30 years it has produced the best climate science anyone had ever assembled. It won a Nobel Prize. It leaves no room for honest denial. And for a long time, governments read it and carried on much as before. The science mattered enormously.
However, it moved politics fastest when people forced it to: kids walking out of school on Fridays for the Future, communities blocking fossil fuel projects like the Keystone XL Oil Pipeline. The movement was decisive. Change came when the two worked together, and not a moment before.
Inequality is in the same place as the climate crisis now—the evidence is not the thing we are short of. We already know the shape of it. The richest 1% took 41% of all the new wealth created between 2000 and 2024. Around 2.3 billion people, nearly 1 in 4 of us, now skip meals because they can’t afford to eat. South Africa, which is carrying this panel forward, is the most unequal country the World Bank has ever recorded.
A panel will sharpen that picture, and sharper is better. But nobody skipping meals is waiting for a footnote. What they are waiting for is action, and action comes from pressure.
Here is the encouraging part: That pressure is already working.
When Brazil used its G20 presidency to put a global tax on billionaires on the table, it did not come from nowhere. Movements, campaigners, and economists had pushed the idea for years, and the Fight Inequality Alliance was part of that.
The economist Gabriel Zucman drew up a plan: a 2% minimum tax on the world’s roughly 3,000 billionaires, enough to raise around $250 billion a year. In November 2024, for the first time, G20 leaders agreed to cooperate on taxing the ultra rich. An idea dismissed as impossible a few years earlier was suddenly the position of the world’s largest economies.
That is what movements do. They move the line of what is politically possible, and they do it faster than any institution.
This is why the movement matters, and why its role in this next chapter should be front and center. We are the ones knocking on the doors, running the campaigns, and keeping the pressure on long after the summit is over and the experts have gone home.
We have been doing it without a panel, and we have already moved things many said could not be moved. Give that movement the authoritative evidence a body like this can provide, and you do not only get a better report. You get a sharper weapon in the hands of the people already fighting.
The tax has not been won yet. The United States and Germany refused to back a binding version, and it was watered down to a promise to cooperate. But notice why.
It did not stall for lack of evidence. Zucman had done the numbers, and nobody serious disputed them. It stalled because the people who would pay still had the power to slow it down. That is the real contest, and it is not a contest of data. It is a contest of power, and power is shifted by organized people, not by publications.
I say all this as someone who spends more time with campaigners than with economists, and I will be honest about our own side too.
Movements do not win every time. We are sometimes better at naming a problem than at holding the ground we take. But the lesson of the last decade is not that we need fewer people in the fight and more in the seminar room. It is the opposite. The evidence has been overwhelming for years. What has changed the weather is people refusing to accept it.
So build this panel well, and build it close to the movement that made it necessary. Let it answer the questions people are actually fighting over. Get its evidence into the hands of the people doing the pushing. Check whether it does speak to the inequalities and the solutions people are talking about and demanding change for. Treat the organizers and the communities living this every day as partners in the work, not an audience for the findings. Do that, and this panel becomes part of something genuinely powerful.
Because the gap will not be closed in a seminar room. It never has been. It will be closed the way every advance against entrenched power has been won, by people organizing, demanding, and refusing to be told that the way things are is the way they have to stay.
The evidence is on our side. It has been for a long time. Now comes the part that actually changes lives.
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
For years, the people organizing against extreme inequality have made a simple argument that the world’s institutions preferred not to hear: The gap between the very rich and everyone else is not an accident, not a law of nature, and not something we have to accept. It is a choice, made by people with the power to choose differently.
For a long time that was a fringe position. It isn’t any more.
You can see the shift in the news that South Africa is pushing to create an International Panel on Inequality, like an Intergovernmental Panel on Climate Change (IPCC) for the wealth gap, to pull the evidence together in one authoritative place and put it in front of governments. Joseph Stiglitz backs it. More than 500 economists have signed on.
Nobody skipping meals is waiting for a footnote. What they are waiting for is action, and action comes from pressure.
This is a good thing, and we welcome it. When the establishment builds an institution to take your issue seriously, it means the argument is being won. The people who got this far deserve credit.
But I want to be honest about where the real momentum is coming from, because it matters for what happens next. The panel is a sign of progress. It is not the engine of it. The engine is the movement that dragged inequality up the agenda in the first place, and that movement is where the story of actual change has been written.
Look at what the IPCC has actually done so far. For 30 years it has produced the best climate science anyone had ever assembled. It won a Nobel Prize. It leaves no room for honest denial. And for a long time, governments read it and carried on much as before. The science mattered enormously.
However, it moved politics fastest when people forced it to: kids walking out of school on Fridays for the Future, communities blocking fossil fuel projects like the Keystone XL Oil Pipeline. The movement was decisive. Change came when the two worked together, and not a moment before.
Inequality is in the same place as the climate crisis now—the evidence is not the thing we are short of. We already know the shape of it. The richest 1% took 41% of all the new wealth created between 2000 and 2024. Around 2.3 billion people, nearly 1 in 4 of us, now skip meals because they can’t afford to eat. South Africa, which is carrying this panel forward, is the most unequal country the World Bank has ever recorded.
A panel will sharpen that picture, and sharper is better. But nobody skipping meals is waiting for a footnote. What they are waiting for is action, and action comes from pressure.
Here is the encouraging part: That pressure is already working.
When Brazil used its G20 presidency to put a global tax on billionaires on the table, it did not come from nowhere. Movements, campaigners, and economists had pushed the idea for years, and the Fight Inequality Alliance was part of that.
The economist Gabriel Zucman drew up a plan: a 2% minimum tax on the world’s roughly 3,000 billionaires, enough to raise around $250 billion a year. In November 2024, for the first time, G20 leaders agreed to cooperate on taxing the ultra rich. An idea dismissed as impossible a few years earlier was suddenly the position of the world’s largest economies.
That is what movements do. They move the line of what is politically possible, and they do it faster than any institution.
This is why the movement matters, and why its role in this next chapter should be front and center. We are the ones knocking on the doors, running the campaigns, and keeping the pressure on long after the summit is over and the experts have gone home.
We have been doing it without a panel, and we have already moved things many said could not be moved. Give that movement the authoritative evidence a body like this can provide, and you do not only get a better report. You get a sharper weapon in the hands of the people already fighting.
The tax has not been won yet. The United States and Germany refused to back a binding version, and it was watered down to a promise to cooperate. But notice why.
It did not stall for lack of evidence. Zucman had done the numbers, and nobody serious disputed them. It stalled because the people who would pay still had the power to slow it down. That is the real contest, and it is not a contest of data. It is a contest of power, and power is shifted by organized people, not by publications.
I say all this as someone who spends more time with campaigners than with economists, and I will be honest about our own side too.
Movements do not win every time. We are sometimes better at naming a problem than at holding the ground we take. But the lesson of the last decade is not that we need fewer people in the fight and more in the seminar room. It is the opposite. The evidence has been overwhelming for years. What has changed the weather is people refusing to accept it.
So build this panel well, and build it close to the movement that made it necessary. Let it answer the questions people are actually fighting over. Get its evidence into the hands of the people doing the pushing. Check whether it does speak to the inequalities and the solutions people are talking about and demanding change for. Treat the organizers and the communities living this every day as partners in the work, not an audience for the findings. Do that, and this panel becomes part of something genuinely powerful.
Because the gap will not be closed in a seminar room. It never has been. It will be closed the way every advance against entrenched power has been won, by people organizing, demanding, and refusing to be told that the way things are is the way they have to stay.
The evidence is on our side. It has been for a long time. Now comes the part that actually changes lives.
For years, the people organizing against extreme inequality have made a simple argument that the world’s institutions preferred not to hear: The gap between the very rich and everyone else is not an accident, not a law of nature, and not something we have to accept. It is a choice, made by people with the power to choose differently.
For a long time that was a fringe position. It isn’t any more.
You can see the shift in the news that South Africa is pushing to create an International Panel on Inequality, like an Intergovernmental Panel on Climate Change (IPCC) for the wealth gap, to pull the evidence together in one authoritative place and put it in front of governments. Joseph Stiglitz backs it. More than 500 economists have signed on.
Nobody skipping meals is waiting for a footnote. What they are waiting for is action, and action comes from pressure.
This is a good thing, and we welcome it. When the establishment builds an institution to take your issue seriously, it means the argument is being won. The people who got this far deserve credit.
But I want to be honest about where the real momentum is coming from, because it matters for what happens next. The panel is a sign of progress. It is not the engine of it. The engine is the movement that dragged inequality up the agenda in the first place, and that movement is where the story of actual change has been written.
Look at what the IPCC has actually done so far. For 30 years it has produced the best climate science anyone had ever assembled. It won a Nobel Prize. It leaves no room for honest denial. And for a long time, governments read it and carried on much as before. The science mattered enormously.
However, it moved politics fastest when people forced it to: kids walking out of school on Fridays for the Future, communities blocking fossil fuel projects like the Keystone XL Oil Pipeline. The movement was decisive. Change came when the two worked together, and not a moment before.
Inequality is in the same place as the climate crisis now—the evidence is not the thing we are short of. We already know the shape of it. The richest 1% took 41% of all the new wealth created between 2000 and 2024. Around 2.3 billion people, nearly 1 in 4 of us, now skip meals because they can’t afford to eat. South Africa, which is carrying this panel forward, is the most unequal country the World Bank has ever recorded.
A panel will sharpen that picture, and sharper is better. But nobody skipping meals is waiting for a footnote. What they are waiting for is action, and action comes from pressure.
Here is the encouraging part: That pressure is already working.
When Brazil used its G20 presidency to put a global tax on billionaires on the table, it did not come from nowhere. Movements, campaigners, and economists had pushed the idea for years, and the Fight Inequality Alliance was part of that.
The economist Gabriel Zucman drew up a plan: a 2% minimum tax on the world’s roughly 3,000 billionaires, enough to raise around $250 billion a year. In November 2024, for the first time, G20 leaders agreed to cooperate on taxing the ultra rich. An idea dismissed as impossible a few years earlier was suddenly the position of the world’s largest economies.
That is what movements do. They move the line of what is politically possible, and they do it faster than any institution.
This is why the movement matters, and why its role in this next chapter should be front and center. We are the ones knocking on the doors, running the campaigns, and keeping the pressure on long after the summit is over and the experts have gone home.
We have been doing it without a panel, and we have already moved things many said could not be moved. Give that movement the authoritative evidence a body like this can provide, and you do not only get a better report. You get a sharper weapon in the hands of the people already fighting.
The tax has not been won yet. The United States and Germany refused to back a binding version, and it was watered down to a promise to cooperate. But notice why.
It did not stall for lack of evidence. Zucman had done the numbers, and nobody serious disputed them. It stalled because the people who would pay still had the power to slow it down. That is the real contest, and it is not a contest of data. It is a contest of power, and power is shifted by organized people, not by publications.
I say all this as someone who spends more time with campaigners than with economists, and I will be honest about our own side too.
Movements do not win every time. We are sometimes better at naming a problem than at holding the ground we take. But the lesson of the last decade is not that we need fewer people in the fight and more in the seminar room. It is the opposite. The evidence has been overwhelming for years. What has changed the weather is people refusing to accept it.
So build this panel well, and build it close to the movement that made it necessary. Let it answer the questions people are actually fighting over. Get its evidence into the hands of the people doing the pushing. Check whether it does speak to the inequalities and the solutions people are talking about and demanding change for. Treat the organizers and the communities living this every day as partners in the work, not an audience for the findings. Do that, and this panel becomes part of something genuinely powerful.
Because the gap will not be closed in a seminar room. It never has been. It will be closed the way every advance against entrenched power has been won, by people organizing, demanding, and refusing to be told that the way things are is the way they have to stay.
The evidence is on our side. It has been for a long time. Now comes the part that actually changes lives.