#ultrarich — Public Fediverse posts

UFC Freedom 250: Why some White House event tickets could cost $1.5m

Nothing honors the USA like an #MMA fight and ticket prices only the #ultrarich can afford.

#greed #corruption

https://www.bbc.com/sport/mixed-martial-arts/articles/cglp08jglpwo

I decided to add some memorable fashion statements in sets of photos 4 up. I didn’t pick outrageous only styles—just those representative of this year’s Met Gala. All from the Guardian gallery. Alt text captions as descriptions on each image. #Fashion #Fascism #UltraRich #Bezos #MetGala #2026MetGala

[email protected] - I think most people, especial antifa men, do not think about fashion and a fascist takeover of fashion matters. Every bit of this article is right. Think about it. #Fashion #Fascism #UltraRich #Bezos #MetGala #2026MetGala www.motherjones.com/politics/202...

Why Lauren Sánchez Bezos is st...

I think most people, especial antifa men, do not think about fashion and a fascist takeover of fashion matters. Every bit of this article is right. Think about it. #Fashion #Fascism #UltraRich #Bezos #MetGala #2026MetGala
https://www.motherjones.com/politics/2026/05/lauren-sanchez-bezos-met-gala/

So, this is a timely topic! From the latest issue of #InTheseTimes! The connection between Amazon Deforestation and CEO land grabs in the Western United States -- bought with blood money!

Fortress Yellowstone

The #UltraRich are fortifying themselves inside one of America’s last intact #ecosystems—with money plundered from ecological #SacrificeZones around the world

by Joseph Bullington, April 6, 2026

Excerpt: "Some of these ultra-rich ranch owners celebrate the natural beauty of their land and are ardent conservationists when it comes to the Yellowstone ecosystem. In digging into their business dealings, however, I found that most of these landowners accumulated their wealth through industries that help drive the destruction of nature elsewhere. Their ranks include private equity investors, oil and gas billionaires and real estate developers. "

[...]

"Now, instead of forests full of fruits and animals and mandioca clearings, industrial soy plantations press in on #Açaizal like a closing fist. There is no escape from the onslaught of #monoculture. Manoel shows me where rows of broken cornstalks run right up against the edge of the community’s soccer field, which the soy farmers also want to plow. The soybeans and corn, like those in the United States, are genetically engineered to withstand the #herbicides and #pesticides the farmers dump on them to beat back weeds and pests, but the chemicals drift, says Manoel, making it impossible to grow fruits and vegetables and #mandioca nearby. The streams run low and full of poison."

Read more:
https://inthesetimes.com/article/yellowstone-billionaires-conservation-montana-deforest-amazon

#Billionaires #UberRich #CEOs #AmazonDeforestation #BigAg #SoybeanProduction #IndustralSoybeans #PoisoningTheAmazon #GMOs #Monoculture #Deforestation #Cargill #HomeDepot #SoyPlantations #SaveTheForest #SaveTheRainforest #Earth4All #DSA #DemocraticSocialism #ReadItBeforeItsBanned #TaxTheRich #NoTaxHavens #EatTheRich #YeetTheRich #BigCorporations

So, this is a timely topic! From the latest issue of #InTheseTimes! The connection between Amazon Deforestation and CEO land grabs in the Western United States -- bought with blood money!

Fortress Yellowstone

The #UltraRich are fortifying themselves inside one of America’s last intact #ecosystems—with money plundered from ecological #SacrificeZones around the world

by Joseph Bullington, April 6, 2026

Excerpt: "Some of these ultra-rich ranch owners celebrate the natural beauty of their land and are ardent conservationists when it comes to the Yellowstone ecosystem. In digging into their business dealings, however, I found that most of these landowners accumulated their wealth through industries that help drive the destruction of nature elsewhere. Their ranks include private equity investors, oil and gas billionaires and real estate developers. "

[...]

"Now, instead of forests full of fruits and animals and mandioca clearings, industrial soy plantations press in on #Açaizal like a closing fist. There is no escape from the onslaught of #monoculture. Manoel shows me where rows of broken cornstalks run right up against the edge of the community’s soccer field, which the soy farmers also want to plow. The soybeans and corn, like those in the United States, are genetically engineered to withstand the #herbicides and #pesticides the farmers dump on them to beat back weeds and pests, but the chemicals drift, says Manoel, making it impossible to grow fruits and vegetables and #mandioca nearby. The streams run low and full of poison."

Read more:
https://inthesetimes.com/article/yellowstone-billionaires-conservation-montana-deforest-amazon

#Billionaires #UberRich #CEOs #AmazonDeforestation #BigAg #SoybeanProduction #IndustralSoybeans #PoisoningTheAmazon #GMOs #Monoculture #Deforestation #Cargill #HomeDepot #SoyPlantations #SaveTheForest #SaveTheRainforest #Earth4All #DSA #DemocraticSocialism #ReadItBeforeItsBanned #TaxTheRich #NoTaxHavens #EatTheRich #YeetTheRich #BigCorporations

So, this is a timely topic! From the latest issue of #InTheseTimes! The connection between Amazon Deforestation and CEO land grabs in the Western United States -- bought with blood money!

Fortress Yellowstone

The #UltraRich are fortifying themselves inside one of America’s last intact #ecosystems—with money plundered from ecological #SacrificeZones around the world

by Joseph Bullington, April 6, 2026

Excerpt: "Some of these ultra-rich ranch owners celebrate the natural beauty of their land and are ardent conservationists when it comes to the Yellowstone ecosystem. In digging into their business dealings, however, I found that most of these landowners accumulated their wealth through industries that help drive the destruction of nature elsewhere. Their ranks include private equity investors, oil and gas billionaires and real estate developers. "

[...]

"Now, instead of forests full of fruits and animals and mandioca clearings, industrial soy plantations press in on #Açaizal like a closing fist. There is no escape from the onslaught of #monoculture. Manoel shows me where rows of broken cornstalks run right up against the edge of the community’s soccer field, which the soy farmers also want to plow. The soybeans and corn, like those in the United States, are genetically engineered to withstand the #herbicides and #pesticides the farmers dump on them to beat back weeds and pests, but the chemicals drift, says Manoel, making it impossible to grow fruits and vegetables and #mandioca nearby. The streams run low and full of poison."

Read more:
https://inthesetimes.com/article/yellowstone-billionaires-conservation-montana-deforest-amazon

#Billionaires #UberRich #CEOs #AmazonDeforestation #BigAg #SoybeanProduction #IndustralSoybeans #PoisoningTheAmazon #GMOs #Monoculture #Deforestation #Cargill #HomeDepot #SoyPlantations #SaveTheForest #SaveTheRainforest #Earth4All #DSA #DemocraticSocialism #ReadItBeforeItsBanned #TaxTheRich #NoTaxHavens #EatTheRich #YeetTheRich #BigCorporations

So, this is a timely topic! From the latest issue of #InTheseTimes! The connection between Amazon Deforestation and CEO land grabs in the Western United States -- bought with blood money!

Fortress Yellowstone

The #UltraRich are fortifying themselves inside one of America’s last intact #ecosystems—with money plundered from ecological #SacrificeZones around the world

by Joseph Bullington, April 6, 2026

Excerpt: "Some of these ultra-rich ranch owners celebrate the natural beauty of their land and are ardent conservationists when it comes to the Yellowstone ecosystem. In digging into their business dealings, however, I found that most of these landowners accumulated their wealth through industries that help drive the destruction of nature elsewhere. Their ranks include private equity investors, oil and gas billionaires and real estate developers. "

[...]

"Now, instead of forests full of fruits and animals and mandioca clearings, industrial soy plantations press in on #Açaizal like a closing fist. There is no escape from the onslaught of #monoculture. Manoel shows me where rows of broken cornstalks run right up against the edge of the community’s soccer field, which the soy farmers also want to plow. The soybeans and corn, like those in the United States, are genetically engineered to withstand the #herbicides and #pesticides the farmers dump on them to beat back weeds and pests, but the chemicals drift, says Manoel, making it impossible to grow fruits and vegetables and #mandioca nearby. The streams run low and full of poison."

Read more:
https://inthesetimes.com/article/yellowstone-billionaires-conservation-montana-deforest-amazon

#Billionaires #UberRich #CEOs #AmazonDeforestation #BigAg #SoybeanProduction #IndustralSoybeans #PoisoningTheAmazon #GMOs #Monoculture #Deforestation #Cargill #HomeDepot #SoyPlantations #SaveTheForest #SaveTheRainforest #Earth4All #DSA #DemocraticSocialism #ReadItBeforeItsBanned #TaxTheRich #NoTaxHavens #EatTheRich #YeetTheRich #BigCorporations

So, this is a timely topic! From the latest issue of #InTheseTimes! The connection between Amazon Deforestation and CEO land grabs in the Western United States -- bought with blood money!

Fortress Yellowstone

The #UltraRich are fortifying themselves inside one of America’s last intact #ecosystems—with money plundered from ecological #SacrificeZones around the world

by Joseph Bullington, April 6, 2026

Excerpt: "Some of these ultra-rich ranch owners celebrate the natural beauty of their land and are ardent conservationists when it comes to the Yellowstone ecosystem. In digging into their business dealings, however, I found that most of these landowners accumulated their wealth through industries that help drive the destruction of nature elsewhere. Their ranks include private equity investors, oil and gas billionaires and real estate developers. "

[...]

"Now, instead of forests full of fruits and animals and mandioca clearings, industrial soy plantations press in on #Açaizal like a closing fist. There is no escape from the onslaught of #monoculture. Manoel shows me where rows of broken cornstalks run right up against the edge of the community’s soccer field, which the soy farmers also want to plow. The soybeans and corn, like those in the United States, are genetically engineered to withstand the #herbicides and #pesticides the farmers dump on them to beat back weeds and pests, but the chemicals drift, says Manoel, making it impossible to grow fruits and vegetables and #mandioca nearby. The streams run low and full of poison."

Read more:
https://inthesetimes.com/article/yellowstone-billionaires-conservation-montana-deforest-amazon

#Billionaires #UberRich #CEOs #AmazonDeforestation #BigAg #SoybeanProduction #IndustralSoybeans #PoisoningTheAmazon #GMOs #Monoculture #Deforestation #Cargill #HomeDepot #SoyPlantations #SaveTheForest #SaveTheRainforest #Earth4All #DSA #DemocraticSocialism #ReadItBeforeItsBanned #TaxTheRich #NoTaxHavens #EatTheRich #YeetTheRich #BigCorporations

#RecommendedViewing for the weekend: the recording of Julia Cagé's excellent presentation on "The Price of Democracy": https://vimeo.com/1173194930?fl=pl&fe=sh

In it the economist tackles how the #ultrarich buy influence, what this means for representative #democracy (and which representation we actually have, ie. no longer #WorkingClass MPs) with long-term data from different countries and insights on media on so-called "#philanthropy".

Was a great event, German intro, then EN, thanks Arbeiterkammer!

@novafuture

Ai = slop
IP = heuristic

Even the library failed us, as so many have not been recognised for their contributions like women, other ethnic groups and those of different physical and mental dispositions. Thinking otherwise is censored rather than rewarded. The reason being is the beast, and that is corporate sovereignty, giving power to those who bet and fix populist ideologies ground on inequality and injustice. They serve the Ultra Rich UR, who deal in corruption so are rewarded by tyrants and extremists. The book and legacy media have been updated so the power social software can not only influence but Control the programmes of Information Processing. Now the URs can impose the uniformity of their interests so as to crush those of the many that oppose their greed and corruption. Artificial information = Ai, so not intelligence but the technology of indoctrination representing the interests the UR corporate investors who believe ‘freedom = inequality and injustice’ is the right freedom and the only freedom that counts! #UtrasAreTheOppressors #UltraRich #URs #UIltaRichAbusers #FreedomFromFascistAbusers
#Indoctrination #AiGaslighting #Ai #TheRightWingTheAbuseOfFreedom

@novafuture

Ai = slop
IP = heuristic

Even the library failed us, as so many have not been recognised for their contributions like women, other ethnic groups and those of different physical and mental dispositions. Thinking otherwise is censored rather than rewarded. The reason being is the beast, and that is corporate sovereignty, giving power to those who bet and fix populist ideologies ground on inequality and injustice. They serve the Ultra Rich UR, who deal in corruption so are rewarded by tyrants and extremists. The book and legacy media have been updated so the power social software can not only influence but Control the programmes of Information Processing. Now the URs can impose the uniformity of their interests so as to crush those of the many that oppose their greed and corruption. Artificial information = Ai, so not intelligence but the technology of indoctrination representing the interests the UR corporate investors who believe ‘freedom = inequality and injustice’ is the right freedom and the only freedom that counts! #UtrasAreTheOppressors #UltraRich #URs #UIltaRichAbusers #FreedomFromFascistAbusers
#Indoctrination #AiGaslighting #Ai #TheRightWingTheAbuseOfFreedom

@novafuture

Ai = slop
IP = heuristic

Even the library failed us, as so many have not been recognised for their contributions like women, other ethnic groups and those of different physical and mental dispositions. Thinking otherwise is censored rather than rewarded. The reason being is the beast, and that is corporate sovereignty, giving power to those who bet and fix populist ideologies ground on inequality and injustice. They serve the Ultra Rich UR, who deal in corruption so are rewarded by tyrants and extremists. The book and legacy media have been updated so the power social software can not only influence but Control the programmes of Information Processing. Now the URs can impose the uniformity of their interests so as to crush those of the many that oppose their greed and corruption. Artificial information = Ai, so not intelligence but the technology of indoctrination representing the interests the UR corporate investors who believe ‘freedom = inequality and injustice’ is the right freedom and the only freedom that counts! #UtrasAreTheOppressors #UltraRich #URs #UIltaRichAbusers #FreedomFromFascistAbusers
#Indoctrination #AiGaslighting #Ai #TheRightWingTheAbuseOfFreedom

@novafuture

Ai = slop
IP = heuristic

Even the library failed us, as so many have not been recognised for their contributions like women, other ethnic groups and those of different physical and mental dispositions. Thinking otherwise is censored rather than rewarded. The reason being is the beast, and that is corporate sovereignty, giving power to those who bet and fix populist ideologies ground on inequality and injustice. They serve the Ultra Rich UR, who deal in corruption so are rewarded by tyrants and extremists. The book and legacy media have been updated so the power social software can not only influence but Control the programmes of Information Processing. Now the URs can impose the uniformity of their interests so as to crush those of the many that oppose their greed and corruption. Artificial information = Ai, so not intelligence but the technology of indoctrination representing the interests the UR corporate investors who believe ‘freedom = inequality and injustice’ is the right freedom and the only freedom that counts! #UtrasAreTheOppressors #UltraRich #URs #UIltaRichAbusers #FreedomFromFascistAbusers
#Indoctrination #AiGaslighting #Ai #TheRightWingTheAbuseOfFreedom

@novafuture

Ai = slop
IP = heuristic

Even the library failed us, as so many have not been recognised for their contributions like women, other ethnic groups and those of different physical and mental dispositions. Thinking otherwise is censored rather than rewarded. The reason being is the beast, and that is corporate sovereignty, giving power to those who bet and fix populist ideologies ground on inequality and injustice. They serve the Ultra Rich UR, who deal in corruption so are rewarded by tyrants and extremists. The book and legacy media have been updated so the power social software can not only influence but Control the programmes of Information Processing. Now the URs can impose the uniformity of their interests so as to crush those of the many that oppose their greed and corruption. Artificial information = Ai, so not intelligence but the technology of indoctrination representing the interests the UR corporate investors who believe ‘freedom = inequality and injustice’ is the right freedom and the only freedom that counts! #UtrasAreTheOppressors #UltraRich #URs #UIltaRichAbusers #FreedomFromFascistAbusers
#Indoctrination #AiGaslighting #Ai #TheRightWingTheAbuseOfFreedom

Epstein files suggest acts that may amount to crimes against humanity, say UN experts

"The experts said crimes outlined in documents released by the US justice department were committed against a backdrop of supremacist beliefs, racism, corruption and extreme misogyny. The crimes, they said, showed a commodification and dehumanisation of women and girls."
>>
https://www.theguardian.com/us-news/2026/feb/18/epstein-files-crimes-against-humanity-un-experts
#misogyny #crime #dehumanisation #commodification #racism #supremacy #corruption #UltraRich #RacketTheory
Image: Darkness

Epstein files suggest acts that may amount to crimes against humanity, say UN experts

"The experts said crimes outlined in documents released by the US justice department were committed against a backdrop of supremacist beliefs, racism, corruption and extreme misogyny. The crimes, they said, showed a commodification and dehumanisation of women and girls."
>>
https://www.theguardian.com/us-news/2026/feb/18/epstein-files-crimes-against-humanity-un-experts
#misogyny #crime #dehumanisation #commodification #racism #supremacy #corruption #UltraRich #RacketTheory
Image: Darkness

Epstein files suggest acts that may amount to crimes against humanity, say UN experts

"The experts said crimes outlined in documents released by the US justice department were committed against a backdrop of supremacist beliefs, racism, corruption and extreme misogyny. The crimes, they said, showed a commodification and dehumanisation of women and girls."
>>
https://www.theguardian.com/us-news/2026/feb/18/epstein-files-crimes-against-humanity-un-experts
#misogyny #crime #dehumanisation #commodification #racism #supremacy #corruption #UltraRich #RacketTheory
Image: Darkness

Epstein files suggest acts that may amount to crimes against humanity, say UN experts

"The experts said crimes outlined in documents released by the US justice department were committed against a backdrop of supremacist beliefs, racism, corruption and extreme misogyny. The crimes, they said, showed a commodification and dehumanisation of women and girls."
>>
https://www.theguardian.com/us-news/2026/feb/18/epstein-files-crimes-against-humanity-un-experts
#misogyny #crime #dehumanisation #commodification #racism #supremacy #corruption #UltraRich #RacketTheory
Image: Darkness

Epstein files suggest acts that may amount to crimes against humanity, say UN experts

"The experts said crimes outlined in documents released by the US justice department were committed against a backdrop of supremacist beliefs, racism, corruption and extreme misogyny. The crimes, they said, showed a commodification and dehumanisation of women and girls."
>>
https://www.theguardian.com/us-news/2026/feb/18/epstein-files-crimes-against-humanity-un-experts
#misogyny #crime #dehumanisation #commodification #racism #supremacy #corruption #UltraRich #RacketTheory
Image: Darkness

It's time for those institutions that have awarded Bill Gates with honorary doctorates to rescind all of them.

#Epstein #BillGates #TheCorrupt #RichPeople #UltraRich #Corruption #Harvard #University #EpsteinFiles

The Currency of Power…

https://activitypub.writeworks.uk/2026/02/the-currency-of-power/

Australian billionaires increased their wealth by almost $600,000 a day on average over last year, report shows

* "... The wealth of billionaires globally was “growing at an unprecedented speed, three times faster than we’ve seen it grow in the past”. What we’re seeing is tax systems that work for the wealthy and tax systems that are not working to actually fill the government coffers with money that could provide support for things like housing, or childcare support."

"The report said while the number of billionaires is growing, more than 3.7 million people live in poverty in Australia, including 757,000 children under 15 years of age One in three households experienced food insecurity last year, meaning they stressed about or struggled to put food on the table."
>>
https://www.theguardian.com/australia-news/2026/jan/19/australian-billionaires-increased-their-wealth-by-almost-600000-a-day-on-average-over-last-year-report-shows

* A global minimum tax on billionaires and trillionaires
https://mastodon.au/@Bellingen/115884622806752228
#tax #UltraRich #DavosMan #inequality #SocialCohesion #SocialFabric #Australia #ClimateFinance

Tax and social cohesion
On the benefits of a (modest) billionaire tax, Economist Gabriel Zucman

"A global minimum tax of 2% on billionaires would not only generate substantial revenue for governments worldwide...but would also restore a sense of fairness."

“The key benefit of a global minimum tax on billionaires is not only that it would generate substantial revenue for governments worldwide — about $250 billion a year — but also, and maybe most importantly, that it would restore a sense of fairness,”

“For the first time in decades,” he continues, “billionaires would pay at least the same effective tax rate as nurses, teachers or secretaries, ending a situation where, in many countries, the very richest pay less than the middle class. It’s a modest, pragmatic reform, but it would make a big difference for our democracies and social cohesion.”
>>
https://news.berkeley.edu/2025/07/25/berkeley-talks-gabriel-zucman-billionaire-tax/

Gabriel Zucman >>
https://gabriel-zucman.eu/policy-debates/

#SocialCohesion #inequality #tax #billionaires #UltraRich #WealthTax #PublicServices #SocialFabric #equality #ClimateFinance

#garyseconomics "significant higher #government #debt significant higher savings of the #ultrarich"

"you borrow from the #rich or you #tax the #rich"

"as long as #gov refuses to #tax the #rich they will be dependent on #borrow from the #rich which means they will have to do whatever the #finance #traders will ask of them" #UK is #FUCKED but so is the rest of the #planet for the same reason

fundamental question of #distribution #enquality #taxinjustice https://youtu.be/g0lEbH2kEw8?t=564

"natural consequence of distribution" #garyseconomics "significant higher #government #debt significant higher savings of the #ultrarich"

"you borrow from the #rich or you #tax the #rich"

"as long as #gov refuses to #tax the #rich they will be dependent on #borrow from the #rich which means they will have to do whatever the #finance #traders will ask of them" #UK is #FUCKED but so is the rest of the #planet for the same reason

#distribution #enquality #taxinjustice https://youtu.be/g0lEbH2kEw8?t=564

#garyseconomics "significant higher #government #debt significant higher savings of the #ultrarich"

"you borrow from the #rich or you #tax the #rich"

"as long as #gov refuses to #tax the #rich they will be dependent on #borrow from the #rich which means they will have to do whatever the #finance #traders will ask of them" #UK is #FUCKED but so is the rest of the #planet for the same reason

fundamental question of #distribution #enquality #taxinjustice https://youtu.be/g0lEbH2kEw8?t=564

"natural consequence of distribution" #garyseconomics "significant higher #government #debt significant higher savings of the #ultrarich"

"you borrow from the #rich or you #tax the #rich"

"as long as #gov refuses to #tax the #rich they will be dependent on #borrow from the #rich which means they will have to do whatever the #finance #traders will ask of them" #UK is #FUCKED but so is the rest of the #planet for the same reason

#distribution #enquality #taxinjustice https://youtu.be/g0lEbH2kEw8?t=564

"natural consequence of distribution" #garyseconomics "significant higher #government #debt significant higher savings of the #ultrarich"

"you borrow from the #rich or you #tax the #rich"

"as long as #gov refuses to #tax the #rich they will be dependent on #borrow from the #rich which means they will have to do whatever the #finance #traders will ask of them" #UK is #FUCKED but so is the rest of the #planet for the same reason

#distribution #enquality #taxinjustice https://youtu.be/g0lEbH2kEw8?t=564

How the #Trump Administration Is Giving Even More #TaxBreaks to the #Wealthy

The #Treasury Department & #IRS are issuing rules that provide hundreds of billions of dollars in tax relief to big #corporations & the #ultrarich.

#law #SeparationOfPowers #aristocracy #plutocracy #WealthGap #USpol
https://www.nytimes.com/2025/11/08/business/trump-administration-tax-breaks-wealthy.html?smid=nytcore-ios-share&referringSource=articleShare

Despite the 'dark times'
Reimagine what is possible

Our Time is Now.
" We believe that in the wealthiest city in the wealthiest nation in the history of the world, working people deserve a dignified life." Zohran Mamdani, NY
>>
https://www.youtube.com/watch?v=LQDURJbMehc

" To Future Generations
We surely live in dark times.
I came to the cities at a time of disorder
When hunger reigned there.
I came among the people at a time of upheaval
And I rose up in revolt with them..." B.B. >>
https://terencerenaud.com/2016/11/09/a-poem-for-dark-times/

" We won because we insisted that no longer would politics be something that is done to us. Now, it is something that we do. "

The full transcript of Zohran Mamdani’s victory speech after being elected NYC mayor >>
https://www.theguardian.com/us-news/2025/nov/05/zohran-mamdani-victory-speech-transcript
#DarkTimes #democracy #work #CostOfLiving #FoodInsecurity #housing #UltraRich #citizens #CivicEngagement #participation #NYC #politics

Today in The Medium Newsletter, featured stories include:

• Strategy drift in organizations, with Kevin Novak and Roger Martin

• On #WashingtonDC & the federal takeover of #DCPolice, by @lisaschamess

• #Journaling in #writers notebooks, by Melissa Pilakowski

• The #chemistry of #petrichor, the smell of rain, by John Knight

• The fate of the #UltraRich in the apocalypse, by Benjamin Sledge

• The stigma of eating with your hands, by Ninad Kulkarni

https://medium.com/blog/why-strategy-drifts-and-how-to-fix-it-e2b192746028

#Medium #writing

Apparently, some millionaires moved out of the state. Imagine what would happen if EVERY state (and country) TAXED THE RICH PROPORTIONALLY!

#Massachusetts - Here’s how much the new ‘#MillionairesTax’ has raised this year (it’s a lot)

The tax on the rich is bringing in more than expected and will fund transportation and education initiatives.

By Beth Treffeisen
May 21, 2024

"The '#MillionairesTax,' which went into effect for the first time last year, is set to bring in billions.

"State officials announced Monday that the surtax on high earners had generated more than $1.8 billion in revenue this fiscal year, with three months left to go, according to the State House News Service.

"This means state officials could have millions of dollars to spend on transportation and education initiatives.

"Any additional money raised beyond the $1 billion already budgeted would go to a reserve account, where state policymakers can ask for one-time investments in projects or programs.

"The SHNS reported that the revenue from the tax is already $800 million more than the Legislature and Gov. #MauraHealey planned to spend in surtax revenue for all of the fiscal year 2024.

"The Department of Revenue won’t certify the official amount raised until later this year.

"However, the estimates supported claims that the surtax would generate significant revenue for the state, despite fears that it would drive out some of its wealthiest residents.

"In 2022, voters approved the ballot initiative that levies an additional 4 percent tax on annual earnings over $1 million.

" 'Opponents of the Fair Share Amendment claimed that multi-millionaires would flee Massachusetts rather than pay the new tax, and they are being proven wrong every day,' Andrew Farnitano, a spokesperson for #RaiseUpMassachusetts, the union-backed group that pushed the 2022 ballot initiative, told the Boston Globe.

" 'With this money from the #UltraRich, we can do even more to improve our public #schools and #colleges, invest in roads, bridges, and #PublicTransit, and start building an economy that works for everyone,' Farnitano said.

"But Massachusetts has struggled with residents leaving the state recently, taking their taxable income with them.

"The announcement from the latest DOR quarterly report, described during Senate proceedings, is welcome news for budget writers who had been seeing declines in tax revenues for months.

"State tax collections have lagged behind projections for most of the 2024 fiscal year, SHNS reported, even after Healey implemented spending cuts.

"According to an analysis by the Pioneer Institute, Massachusetts lost $4.3 billion in adjusted gross income in 2021, 40 percent more than the prior year. The data shows that nearly 25,200 more tax filers had moved out of the state than moved in."

https://www.boston.com/news/business/2024/05/21/heres-how-much-the-new-massachusetts-millionaires-tax-has-raised-this-year/

#PayYourFairShare! #BillionaireTax #MillionaireTax or else #EatTheRich !

#socialmedia #usa #politics #antitrump #taxes #UltraRich #boycottusab #economics

French senators reject a tighter tax on the ultra-rich.

France's Sénat on Thursday rejected a draft law to make the ultra-rich pay at least a 2% tax on their fortune, as the government seeks to cut an alarming deficit.

By suggesting the threshold, the bill's backers sought to put limits on any fiscal optimisation or avoidance strategies the wealthy employ to minimise their tax bill.

https://mediafaro.org/article/20250613-french-senators-reject-a-tighter-tax-on-the-ultra-rich?mf_channel=mastodon&action=forward

#France #Tax #Politics #UltraRich #Economy

#superyacht #yacht #ultrarich

https://www.theguardian.com/books/2025/may/26/the-haves-and-have-yachts-by-evan-osnos-review-inside-the-world-of-the-ultrarich

@bsnorrell.blogspot.com The leaders of people who steal, become the people of leaders that steal. Respect, honour, responsibility and trust are what makes Nations great. Those who lie, to gain wealth and power so they can steal and murder; censor rights, finance terror and corruption, deny healthcare and equal rights, destroy essential ecosystems and finance genocide all so they can profit from stealing and destroying others resources must face justice. Such an obscene culture of investment violence has only driven the growth in inequality and injustice, turning Nations into rubble filled toxic wastelands. #UltraRich

Time to end the greatest #TaxCon ever, by the #UltraRich ? It should be obvious that the most popular political parties have been bought. They know their chances of being elected massively increases if more tax benefits are given to the ultra rich. That is likely why Starmer will lose the next election. It is also why Thatcher’s lie of a carrot and a stick was not ethical but ‘doublespeak’. Ethical taxes would represent the democratic and mediated rights of diverse interests, not the obscene growth in inequality and injustice that benefits the ultra rich and their corrupt governments! #UltraRichTaxCon #UltraRichEcocide #DemocracyIsBroken #UltraRichBenefitCheats #EthicalRights #TheStatesperson ? https://www.thestatesman.com/opinion/great-con-ii-1503048312.html

Un exemple à suivre. Bon, il lui reste tout de même un peu plus de 2 millions d'euros, mais il faut saluer la démarche.

https://www.lemonde.fr/economie/article/2025/05/08/l-heritage-est-une-injustice-marlene-engelhorn-la-multimillionnaire-qui-a-redistribue-son-heritage_6603980_3234.html

#ultrariches #ultrarich #capitalisme #billionaires

#EmmanuelMacron #ultrarich #MédiasResponsables #BollorisationDesMedias
Emmanuel Macron au pays des renvois d’ascenseurs

https://www.paradisfj.info/Emmanuel-Macron-au-pays-des-renvois-d-ascenseurs.html

there is never enough #money for #education or #healthcare or #renewables, but always for #war: welcome to 1929 #revival party: with 90% tax rate for the #ultrarich #wealthy #superrich: "#French #economy minister floats taxing the #rich to fund #military buildup: To raise money for an increase in defense spending, #Paris is looking at tapping into “those with substantial savings” https://www.politico.eu/article/france-eric-lombard-emmanuel-macron-economy-minister-increase-defense-spending-to-3-percent-target/ #rich #poor #economy #wtf #bank #banks #france #europe #eu

French MPs vote in favour of imposing wealth tax on ‘ultra-rich’
The proposed wealth tax would, apparently, only impact 1,800 across France - yet serve to raise at least €15 billion annually.

https://www.thelondoneconomic.com/politics/french-wealth-tax-what-is-zucman-tax-ultra-rich-390086/

#france #tax #taxtherich #ultrarich

#SmallBusinesses—the Engines of #Rural #Economies—Need a Fair #TaxSystem

#Taxbreaks for #corporations and the #ultrarich hurt #workingpeople

https://barnraisingmedia.com/small-business-rural-america-tax-plan-reform/

#SmallBusinesses—the Engines of #Rural #Economies—Need a Fair #TaxSystem

#Taxbreaks for #corporations and the #ultrarich hurt #workingpeople

https://barnraisingmedia.com/small-business-rural-america-tax-plan-reform/

#SmallBusinesses—the Engines of #Rural #Economies—Need a Fair #TaxSystem

#Taxbreaks for #corporations and the #ultrarich hurt #workingpeople

https://barnraisingmedia.com/small-business-rural-america-tax-plan-reform/

#SmallBusinesses—the Engines of #Rural #Economies—Need a Fair #TaxSystem

#Taxbreaks for #corporations and the #ultrarich hurt #workingpeople

https://barnraisingmedia.com/small-business-rural-america-tax-plan-reform/

#SmallBusinesses—the Engines of #Rural #Economies—Need a Fair #TaxSystem

#Taxbreaks for #corporations and the #ultrarich hurt #workingpeople

https://barnraisingmedia.com/small-business-rural-america-tax-plan-reform/

#BernieSanders Lays Out Plan to Fight #Oligarchy as Wealth of Top #Billionaires Passes $10 Trillion

"If there was ever a moment when #progressives needed to communicate our vision to the people of our country, this is that time," wrote Sen. Bernie Sanders. "Despair is not an option."

Jake Johnson
Dec 31, 2024

"A Bloomberg analysis of billionaire wealth published Tuesday found that the combined fortunes of the 500 richest people on the planet surpassed $10 trillion this year, a finding that came shortly after U.S. Sen. Bernie Sanders issued an urgent call to action to prevent the emergence of 'an oligarchic and authoritarian society.'

"The new analysis notes that the world's top 500 billionaires 'got vastly richer' this year with the help of "an indomitable rally in U.S. technology stocks."

"Just eight billionaires—#ElonMusk, #MarkZuckerberg, #JensenHuang, #LarryEllison, #JeffBezos, #MichaelDell, #LarryPage, and #SergeyBrin—added more than $600 billion to their collective wealth in 2024 and accounted for 43% of the $1.5 trillion increase in net worth among the world's 500 richest people, according to Bloomberg.

"'But it was Musk—the so-called 'first buddy' of President-elect Donald Trump after unprecedented support for his reelection campaign—who dominated the world's wealthiest in 2024,' Bloomberg observed, adding that Trump himself also saw his fortune surge to a record high this year, 'boosted by the performance of his majority stake in Trump Media & Technology Group Corp.'

"Musk's use of his enormous fortune to influence the U.S. political system—including via his purchase of one of the world's largest social media platforms and donations to Trump's 2024 campaign—amplified existing concerns about the corrosive impact of massive wealth concentration on democracy.

"And #WealthInequality in the U.S. could soon get worse, with Trump and the incoming Republican-controlled Congress set to pursue another round of tax cuts for the #UltraRich and large #corporations."

Read more:
https://www.commondreams.org/news/bernie-sanders-billionaire-wealth

#TaxTheRich #EatTheRich #Oligarchy #CorporateColonialism #Corporatocracy #Authoritarianism #TechBros #CapitalismMustDie

This will only get worse with #Oligarchs running the clown show.

How #Billionaires Have Sidestepped a Tax Aimed at the #Rich

#WallStreetFinanciers were a clear target of the tax, but some, on questionable legal grounds, have claimed their outsized profits were exempt, sometimes avoiding hundreds of millions in taxes.

by Paul Kiel
Dec. 18, 2024

"'It becomes a pretty glaring problem when you have #UltraRich individuals layering loopholes on top of loopholes to dodge both the #NIIT and #Medicare taxes,' said Sen. Ron Wyden, chair of the Senate Finance Committee, in a statement. 'To the nurse or the janitor whose taxes come straight out of their paychecks, it’s ridiculous to see these examples of fabulously wealthy individuals enjoying huge windfalls and continuing to avoid paying a fair share.'"

Read more:
https://www.propublica.org/article/billionaires-net-investment-income-tax?utm_source=firefox-newtab-en-us

#EatTheRich #Oligarchy #USPol
#USPol #Corporatocracy
#CorporateFascism #StillSanders #EndCitizensUnited #WealthInequality