Freshman New York Rep. Alexandria Ocasio-Cortez is going after income, Massachusetts Sen. Elizabeth Warren wants to target wealth, and now Vermont Independent Sen. Bernie Sanders has a third proposal for taxing the very rich: Hit their estates.
Both Massachusetts Sen. Elizabeth Warren and freshman New York Rep. Alexandra Ocasio-Cortez want to tax the rich -- but the two progressive Democratic icons are proposing going about it in very different ways.
Sen. Elizabeth Warren is proposing a new tax on Americans with assets of $50 million or more as part of a bold new initiative to reverse the increasing concentration of wealth among the country's richest households.
The world's billionaires are growing $2.5 billion richer every day, while the poorest half of the global population is seeing its net worth dwindle.
In December 2017, 50 years after Martin Luther King Jr. called for a multiracial, nonviolent army of the poor, a new generation of activists resurrected the civil rights leader's boldest crusade: the Poor People's Campaign.
There's the wage gap, the bonus gap, the promotions gap — and then there's the commuting gap.
Amazon has pledged to bring 25,000 jobs that pay an average of at least $150,000 a year to both New York and Virginia in its East Coast headquarters expansion — but the big question is whether that prosperity will be limited to those with Amazon badges.
A troubling gap in life expectancy among the rich and poor has emerged in the United Kingdom, and researchers say it also has been seen in the United States.
Former vice president Joe Biden is worried about the hollowing out of the middle class, income inequality and the lack of opportunity that Donald Trump tapped into to win the White House — and he has some ideas on how to make things better.
Microsoft founder and billionaire Bill Gates says he should pay more in taxes and that the government should require other superwealthy people like him to contribute "significantly higher" amounts.
