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Even before the latest tax avoidance revelations contained in the Paradise Papers, write Sanders, "we knew that tax dodging by the wealthy and large corporations, not just in the US but globally, was taking place on a massive scale." (Photo: ICIJ)
One of the major, untold stories of our time is the rapid movement toward global oligarchy, in which just a handful of billionaires now own and control a significant part of the world economy.
Here in the United States, the top one-tenth of 1% owns almost as much wealth as the bottom 90%. Incredibly, according to a recent report from the Institute for Policy Studies, three of the richest people in America--Bill Gates, Jeff Bezos and Warren Buffett--now own more wealth than bottom 160 million people in our country.
"The Paradise Papers make it clearer than ever that we need, in the United States and throughout the world, a tax system which is fair, progressive and transparent."
Dear Common Dreams reader, The U.S. is on a fast track to authoritarianism like nothing I've ever seen. Meanwhile, corporate news outlets are utterly capitulating to Trump, twisting their coverage to avoid drawing his ire while lining up to stuff cash in his pockets. That's why I believe that Common Dreams is doing the best and most consequential reporting that we've ever done. Our small but mighty team is a progressive reporting powerhouse, covering the news every day that the corporate media never will. Our mission has always been simple: To inform. To inspire. And to ignite change for the common good. Now here's the key piece that I want all our readers to understand: None of this would be possible without your financial support. That's not just some fundraising cliche. It's the absolute and literal truth. 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. Will you donate now to help power the nonprofit, independent reporting of Common Dreams? Thank you for being a vital member of our community. Together, we can keep independent journalism alive when it’s needed most. - Craig Brown, Co-founder |
One of the major, untold stories of our time is the rapid movement toward global oligarchy, in which just a handful of billionaires now own and control a significant part of the world economy.
Here in the United States, the top one-tenth of 1% owns almost as much wealth as the bottom 90%. Incredibly, according to a recent report from the Institute for Policy Studies, three of the richest people in America--Bill Gates, Jeff Bezos and Warren Buffett--now own more wealth than bottom 160 million people in our country.
"The Paradise Papers make it clearer than ever that we need, in the United States and throughout the world, a tax system which is fair, progressive and transparent."
One of the major, untold stories of our time is the rapid movement toward global oligarchy, in which just a handful of billionaires now own and control a significant part of the world economy.
Here in the United States, the top one-tenth of 1% owns almost as much wealth as the bottom 90%. Incredibly, according to a recent report from the Institute for Policy Studies, three of the richest people in America--Bill Gates, Jeff Bezos and Warren Buffett--now own more wealth than bottom 160 million people in our country.
"The Paradise Papers make it clearer than ever that we need, in the United States and throughout the world, a tax system which is fair, progressive and transparent."