Coherent Identifier About this item: 20.500.12592/m6zvhz

Tax the rich. Build a better world. - On Tax Day, know this: not long ago, the ultra-wealthy paid much more in taxes.

14 April 2022

Summary

What’s stopping us? Here’s the headline: We can reduce poverty in the US, and we can follow a straight path to do it: Tax the rich; invest in working families. [...] Corporations and the ultra-wealthy have rigged the rules of the game to benefit the rich at the expense of everyone else. [...] Oxfam America | April 2022 P a g e | 1 The Reagan Revolution of the 1980s began the rollback of these principles, and of relative equality in general. [...] As the rules have changed, working families are feeling the sharp edge of economic insecurity and loss of hope in the future. [...] Just a few figures that chart the growing gaps between the wealthy and the rest of us, from March 2020 to March 2022: • Billionaire wealth in the US has increased by 62 percent.

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