Video: What if we actually taxed the rich?

The following explanation by economist, professor, author, lawyer, and political commentator Robert Reich,  applies to the situation in the United States; The same can be applied to Australia The only difference is that the amount, will differ, due to a smear economy and population. But it will still be an equivalent to meet similar needs. Taxation reform and on this scale should be part of our conversation.

Wealth tax: $2.75 trillion

Funding the IRS: $1.75 Trillion

Taxing Wall St trades: $777 Billion

Repealing Trump tax cuts: $500 Billion

Raising the top tax rate by 1%: $123 Billion

Eliminating loopholes: $119 Billion Total: $6 Trillion. Nearly double the cost of Joe Biden’s Build Back Better reconciliation bill.

Video by Robert Reich

The Pandora Papers show the scale of global web of deceit for the rich and powerful

By Joe Montero

The attest trove of leaked documents to go public have become known as the Pandora Papers. Those that have been released implicate 35 current and former world leaders, and the list includes about 400 Australians. Continue reading The Pandora Papers show the scale of global web of deceit for the rich and powerful

COVID payments to end and this will hurt Australia

By Ben Wilson

The Morrison government’s decision to start withdrawing emergency support is a kick in the teeth for those who find themselves out of work because of Covid. Contrast this with the generous loan facility to be set up for mining projects, and protection against loss from real estate promised to banks, and other lending institutions. This comes on top of generous handouts already given to mates. Continue reading COVID payments to end and this will hurt Australia

Centrelink payments must rise to avoid a looming poverty crisis

By Joe Montero

An Australian Council of Social Service (ACOSS) survey has  shown that 96 percent of those on Centrelink payments say they are struggling harder under the lockdowns. Most have had no government assistance this year. As the gap between income and the cost of housing continues to widen, a worrying 41.5 percent say they are at risk of homelessness. Continue reading Centrelink payments must rise to avoid a looming poverty crisis

Coal companies are being helped to sidestep protection of the environment

From New South Wales

Australia has been lied to. Environmental protection rules are being pushed aside to help new coal mines to operate with impunity. A key centre is New South Wales, where the federal and state governments have allowed companies to push back deadlines to meet deadlines on their sites. Continue reading Coal companies are being helped to sidestep protection of the environment

Official site of the May Day Committee (Malbourne)