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    Common Dreams. To inform. To inspire. To ignite change for the common good.
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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    tax the rich

    Jamie Dimon of Wall Street giant JPMorgan Chase

    Tax the Rich! We Intend to Confront the Billionaires Face-to-Face

    Will powerful banks, corporations, and the ultrarich double down on authoritarianism and runaway inequality? Or will they recognize that America works best when it works for all of us not just the wealthy few?

    Jawanza James Williams
    Ange Tran
    Oct 21, 2026

    At a time of great crisis for American democracy, when oligarchy, authoritarianism and billionaire corruption have run rampant, there are a few signs of hope.

    Thousands of business leaders nationwide are signing the Business for Democracy Pledge, calling on our federal government to ensure free and fair elections and seating of newly-elected lawmakers without interference or violence.

    Keep ReadingShow Less
    Opinion
    tax the rich
    Advocates Pose As Wealthy Monopoly Men And DOGE Supporters

    Follow the Money: How Billionaire Wealth Became Political Power

    Wealth creates political power; political power produces tax and economic policies favorable to wealth; those policies concentrate still more wealth; and some of that wealth is reinvested in politics to keep the cycle going.

    Zack Kaldveer
    Oct 16, 2026

    In 1971, corporate lawyer Lewis Powell wrote a confidential memo to the US Chamber of Commerce warning that American business was under attack. Among his complaints were politicians and activists who portrayed tax breaks as benefiting “only the rich” and who dared to set the “rich” against the “poor,” and “business against the people.”

    Powell’s solution was not subtle. Corporate America needed political power, and that power “must be assiduously cultivated” and, when necessary, “used aggressively and with determination.” Business should organize, influence the media and universities, build political power, and exploit what Powell called the “vast opportunity” presented by the courts.

    Keep ReadingShow Less
    Opinion
    billionaires
    'We Could Have Chosen Peace': Abdul El-Sayed Schools Fox News Host on Iran War

    'We Could Have Chosen Peace': Abdul El-Sayed Schools Fox News Host on Iran War

    "The argument that I think we continue to need to learn is that less war in the world is usually safer."

    Brad Reed
    Oct 05, 2026

    Democratic US Senate candidate Abdul El-Sayed on Monday schooled Fox News anchor Martha MacCallum about President Donald Trump's illegal war with Iran.

    While appearing on MacCallum's show, the Michigan Democrat made the case that Trump's war, which he launched without congressional authorization in February, was one "we shouldn't be fighting."

    Keep ReadingShow Less
    News
    abdul el-sayed
    António Guterres

    Not Just AI and Climate—Inequality Also an 'Existential' Threat That Demands Global Cooperation: UN Chief

    UN Secretary-General António Guterres called on leaders to work together to solve the growing problem of global inequality at the UN General Assembly.

    Julia Conley
    Sep 17, 2026

    High-level meetings at the United Nations General Assembly are set to begin next week, and they come at a time when the threats to humanity posed by the climate emergency and artificial intelligence have never been clearer.

    Those crises demand that policymakers work together to prevent catastrophic, permanent planetary heating and the creation of "runaway" AI technology, suggested UN Secretary-General António Guterres on Wednesday, but he emphasized that another pernicious, destructive problem cannot be overlooked.

    Keep ReadingShow Less
    News
    inequality
    US-POLITICS-NEW YORK

    Guess What Happened After New York Raised Taxes on the Rich? More Millionaires Moved In

    "Tax flight is nothing more than a myth, and should be given as much credence as flat-earthers.”

    Julia Conley
    Sep 10, 2026

    The threats came in a steady stream last year from Fox News, hedge fund manager Bill Ackman, and Gristedes grocery chain CEO John Catsimatidis, who insisted that wealthy New York City residents were "panicking" at the possibility that then-state Rep. Zohran Mamdani, a democratic socialist, could become the mayor and ensure rich locals pay more in taxes to help fund crucial services.

    "It only takes a handful of successful people to leave to decimate the city’s tax base," cautioned Ackman, while Catsimatidis suggested many rich New Yorkers would likely join him in fleeing to "the promised land": Florida, which has no state income tax.

    Keep ReadingShow Less
    News
    tax the rich
    Allen & Co Brings Together Media And Tech Titans In Sun Valley

    'What a Disgrace': Trump Treasury Dept. Refuses to Close Billionaire's Private Jet Loophole

    "While working families struggle to afford groceries, housing, and gas," said Sen. Chris Van Hollen, the Trump administration "focuses on tax breaks for billionaires—including tax breaks for private jets."

    Jon Queally
    Sep 03, 2026

    A group of Democratic Caucus members in the US Senate on Thursday denounced the US Treasury Department under President Donald Trump over its refusal to close a gaping loophole in the federal tax code that allows some of the wealthiest people in the country to reap tax benefits from their ownership and use of private jets—even as working people and the middle class families struggle to make ends meet in Trump's economy.

    In response to a previous request made in July by Sens. Sheldon Whitehouse (D-RI), Elizabeth Warren (D-Mass.), Chris Van Hollen (D-Md.), Ed Markey (D-Mass.), and Bernie Sanders (I-Vt.) to close a rule that allows the wealthy "to substantially undervalue the taxable cost of personal travel on a corporate private jet," a letter from a top Treasury official on Thursday said such an effort would be too "burdensome," including for the uber-rich taxpayers subject to it.

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    News
    private jets
    Sen. Bernie Sanders Holds New York Town Hall With Mayoral Candidate Zohran Mamdani

    Don't Let the Word 'Socialism' Scare You, Progressives Just Want a Country That Works for All

    When someone brandishes the word “socialism” like it’s a stink bomb, take a courageous look at the actual ideas—higher taxes on the rich; Medicare for All; or a raise for working people—being proposed.

    Chuck Collins
    Aug 28, 2026

    The debate over capitalism vs. socialism often looks like a battle of cartoon caricatures: Monopoly Man versus the Marx Monster.

    Across the planet there are countless flavors of capitalism and socialism, unique mashups of free markets and government policies. Into this muddle wade the right-wing ideologues who fear the red “socialist” demon hiding in every corner.

    Keep ReadingShow Less
    Opinion
    socialism
    Elon Musk Holds Town Hall Ahead Hotly Contested Wisconsin State Supreme Court Election

    The Rotten Stench of Elon Musk's Political Money

    The mega-billionaire's promise to spend somewhere between $100 and $120 million on congressional races this year shouldn’t be viewed as a problem. It should be recognized as an opportunity.

    Robert Reich
    Aug 03, 2026

    Elon Musk will be spending $100 million to $120 million in at least eight states to help elect Republicans in November, according to The New York Times.

    Musk’s spending is set to begin next month, targeting Senate races in Alaska, Iowa, Maine, Michigan, and Ohio, and potentially North Carolina, Georgia, and Texas. Musk will also spend in House races in states including California, Wisconsin, and Washington.

    Keep ReadingShow Less
    Opinion
    elon musk
    Bernie Sanders And Zohran Mamdani Join Local Candidates For Campaign Rally Ahead Of Primary Election In New York

    Democratic Socialism Is the Compromise Position

    Given our scale of inequality, the egalitarian reforms of democratic socialism are only the start of what we should strive for.

    Kyle Schmidlin
    Jul 31, 2026

    Other than the continual circus in the White House, the most important political story in America may be the resurgence of democratic socialism. Ignited by the 2016 and 2020 presidential campaigns of Vermont Senator Bernie Sanders, the movement achieved its biggest victory last year when self-described democratic socialist Zohran Mamdani was elected mayor of New York City. Now, fueled by backlash to the extremist MAGA agenda and multiple ongoing crises, the Democratic Socialists of America (DSA) have claimed 38 electoral wins so far this year and 120,000 active members, making them the largest socialist organization in US history.

    Naturally, this has the establishment's hair on fire in both political parties. On the Democratic side, leadership oscillates between snubbing democratic socialists and disowning them outright, with Sen. John Fetterman (D-Pa.) calling Mamdani’s rise a “gift to the Republicans” that makes Democrats look radical. Centrist-liberal magazine The Atlantic referred to DSA as “a parasite” that was “hijacking the Democratic Party.”

    Keep ReadingShow Less
    Opinion
    democratic socialism
    Everyone Hates Elon Activist Group Launch New Posters Ahead Of Musk Trillionaire Announcement

    Trillionaires Are Only Possible Because They Don't Pay Taxes Like Ordinary People

    Without endless tax deferrals, they would have only a tiny fraction of what they own today, yet, as things stand, nothing stops them from wielding the power and influence their wealth buys to benefit themselves.

    Stephen Land
    Bob Lord
    Jul 31, 2026

    The valuation trends up and down, but one thing’s for sure: Elon Musk became the world’s first trillionaire this summer. At the height of the SpaceX IPO he was briefly worth around $1.45 trillion.

    Then SpaceX stock tanked, rallied, then tanked again. But the most important thing about Musk’s wealth isn’t whether it stays above the 13-figure threshold—it’s that 94% of it comes from not having to pay taxes on unrealized gains.

    Keep ReadingShow Less
    Opinion
    elon musk
    See More

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    Ramaswamy Takes Full Credit for Most 'Disgusting, Pathetic Ad Ever Created in the History of Political Ads'

    'This Is So Appalling': Barack Obama Delivers Blistering Rebuke of Trump's Ilhan Omar Deportation Plot

    GOP Operatives 'Taken Aback' as Rural Voters Blame Billionaires for Economic Woes: Report

    Fears of Big Tech Censorship Grow After Meta Suspends No Kings Instagram Account

    'My Name Is Abdul': El-Sayed Confronts Trump's Racist, Anti-Muslim Attacks Head-On in New Ad

    Talarico Takes Direct Aim at Elon Musk as Early Voting Shatters Record in Key Texas County

    ‘Billionaires Aren’t Compatible With Democracy’: Elon Musk Tries to Boost Ken Paxton With $158 Million Donation

    'Power Lies at the Hands of the People': Thousands of No Kings Events Rally Voters for 2026 Midterms

    'Mississippi Goddam': State AG Calls Police Killing of Toddler Kohen Wiley 'Justified'

    'Just a Flat-Out Lie': Collins Says She Couldn't Have Known Kavanaugh Would Vote to Overturn Roe v. Wade

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