CAPITALISM 

Rich & Poor

The divide between the poor and the rich is known to many and for centuries. Yet the truth goes without meaningful notice by many. The divide’s political meaning mostly goes without discussion. Still the fact of this divide should be told and re-told. The following reports say about the divide.

A Los Angeles Times Editorial – Not even beach parking lots can be off-limits in a study of sites for temporary homeless housing – (Sun, May 23, 2021) – said:

“Among the many obstacles to providing shelter and housing for homeless people is finding available land. Private property is often too expensive for the city of Los Angeles to buy for housing, so there is a constant search by city officials to locate publicly owned land that is empty or underutilized and can be transformed into safe camping grounds, tiny-house villages or more permanent housing.Read More »

COVID-19 PANDEMIC 

‘Let The Rich Pay For The COVID-19 Crisis’

Muhammed Shabeer

Peoples Dispatch | January 10, 2021

Communist Youth-Austria
(Image: KJO)

Peoples Dispatch (PD) talks to Niklas Böck, chairman of the Communist Youth of Austria (KJO), on the impact of the COVID-19 crisis on students and youth in Austria and the KJO’s fight against war and neo-fascism. The KJO, along with the Communist Student Association (KSV), has opposed Austria’s membership in the European Union and the cuts in social welfare.

Peoples Dispatch(PD)How has the COVID-19 crisis impacted Austria and how effective has been the response from the government?

Niklas Böck(NB): Currently, there are more than 520,000 unemployed people in Austria and this number is set to rise. COVID-19 has led to the deterioration of the life and livelihood of the majority of the Austrian people and endangers their future, especially the younger people who are currently under great pressure. The Austrian government is not just acting passively but further worsening the condition of the youth. Major financial support goes only to corporations and monopolies and new reactionary laws like the neoliberal UG Novelle damage students’ interests even more.Read More »

Taxing large fortunes, a tool of social justice

Peoples Dispatch | June 05, 2020

Several countries around the world are discussing a tax on large fortunes to deal with the consequences of the COVID-19 pandemic. The question of combating extreme inequality is a political decision that governments have to make.

According to an Oxfam study, since 2015, the richest population, which accounts for 1% of the total, has more wealth than the rest of the planet. Small elites of countries seize an increasing proportion of national income, while hundreds of millions of people still do not have access to potable drinking water or enough food for their families.

The gap between rich and poor people widens each year, causing profound differences in accessing opportunities. It also exacerbates all kinds of social inequalities.Read More »

U.S.A: Even the Democrats Do Favors for the Rich

by Gerald E. Scorse

In 2017 a Republican-controlled Congress passed a tax cut hugely tilted to corporations and the wealthy. In the waning days of 2019, the Democratic-controlled House did a kind of me-too. It pushed through a retirement bill with a provision that gives billions to those in the upper tiers.

The House’s gift to the well-off was part of a deal finalizing federal spending for fiscal 2020. In a tweet summing up the agreement, tax expert Len Burman called it “the Zombie Extenders [aka tax breaks] and Fiscal Irresponsibility Act of 2019.”Read More »

Rich Getting Richer Via Tax Policies

by Gerald E. Scorse

Dissident Voice | September 10, 2019

“I’ve been rich and I’ve been poor. Believe me, rich is better.” This famous quote has always been true, but never as true as today. After decades of dominance by the right, here’s the 2019 version:

“I’ve been rich and I’ve been poor. Believe me, rich is insanely better.”

The insanity stems from tax policies. Marginal income tax rates plunged starting in the 1980s, hitting their modern-day lows under President George W. Bush. After rising modestly during the Obama Administration, they fell again under President Trump.Read More »

Rich and poor increasingly segregated in Paris region

France 24

Text by: Claire MUFSON

Date created: 03/06/2019, latest update : 03/06/2019

j paris.jpg
A public housing building in Aulnay-sous-Bois, a commune in the northeastern suburbs of Paris. Geoffroy Van der Hasselt, AFP [THIS PHOTO IS USED HERE FOR NON-COMMERCIAL, NON-PROFIT, EDUCATIONAL PURPOSE]
Over months of Yellow Vest protests, public debate has centered on the urban rural divide and the resources eaten up by the Paris region of Île-de-France. But a new study shows that the country’s wealthiest region is also the most deeply unequal.

The larger Paris region of Île-de-France is home to nearly 19 percent of the French population and represents 30 percent of the country’s GDP, but the report “Gentrification and growing poverty in the heart of Île-de-France” published Monday by the Planning and Urbanism Institute (IAU) shows that inequality has grown considerably since the early 2000s.Read More »

Rich list: Mining magnate sees fortune soar after massacre of protesters

by Phil Miller

Morning Star | May 12, 2019

Anil Agarwal wins the Entrepreneur of the year Award at the 2016 British Asian Awards

A MINING magnate has seen his fortune soar by £8 billion since a massacre of protesters outside one of his smelters last year.

Analysis by the Star of the Sunday Times’s new Rich List highlighted London-based Anil Agarwal as one of the highest risers among Britain’s 1,000 top toffs, rocketing 62 places to finish in 12th position with a net worth of over £10bn.Read More »

U.S: College admissions scam: Affirmative action for the rich and the famous

by Michelle Zacarias

Peoples’ World | March 14, 2019

College admissions scam: Affirmative action for the rich and the famous

A Stanford University student walks in front of Hoover Tower on the campus in Palo Alto, Calif. Federal authorities have charged college coaches, parents, and others in a sweeping admissions bribery case in federal court. | Paul Sakuma / AP

The Department of Justice arrested 50 affluent individuals Tuesday morning, in what is being called the “largest college admissions scam” ever prosecuted. Dozens of wealthy parents, including famous actresses Felicity Huffman (Desperate Housewives) and Lori Loughlin (Full House) were charged in an alleged conspiracyto bribe, cheat, and deceive their children’s way into top colleges.

Read More »

Nine Richest Indians Now Own Wealth Equivalent to Bottom 50% of the Country

by Akhil Kumar

The Wire | January 21, 2019

Nine Richest Indians Now Own Wealth Equivalent to Bottom 50% of the Country
Credit: Atul Loke, Panos / Oxfam

New Delhi: “Rising wealth inequality threatens the social fabric of the nation,” says the Oxfam Inequality Report 2019, released on Monday.

The report details shocking levels of wealth inequality in the country, adding that wealth is being further concentrated in the hands of the richest while the poor are pushed deeper into deprivation. “High levels of wealth disparity subverts democracy,” the report says.Read More »