#income-equality

#income-equality

Trillions flow into the United States government on Tax Day, yet a significant share is directed toward war and defense contractors, rather than essential services.

Billionaireism describes both the pathology that affects you when you are so wealthy that you're effectively above consequences and above moral consideration for others, and the pathologies that having a society dominated by such people inflicts on the rest of us.

Welsh and another pregnant colleague developed a plan. They would share a caseload, splitting responsibilities so they could continue working part-time while caring for their growing families.

The report contends that the lower rungs of the middle class shrank because more Americans got richer, with 31% of families classified as upper middle class in 2024.

For years, giant tax prep companies like TurboTax and H&R Block have rigged our system so they can cash in on your hard-earned dollars. It's amazing that anyone could oppose this-especially when filing your taxes is something that Americans are required by law to do each year.

"I'm in favor of not having any rules against insider trading. I would like all the information out there as soon as it's available. Because look, as a society, we are better off knowing as soon as possible anything that is knowable."

One way is to increase income taxes. There's also the option for an annual or one-off wealth tax on everything someone has above a certain mark. A few governments want to tax extreme wealth to lower taxes on a stagnating middle class or to make up for social inequality.

Within the workplace, the content and conditions of work are largely controlled by employers who often have an interest in degrading the quality of work, both to increase productivity and to increase their control over employees in the workplace. Outside the workplace, employers have both an incentive and the power to undermine measures that would improve the quality of work through the political process.

Work, in the words of Karl Marx, is a "means of life" in two senses. It is, first of all, an instrument for human life. It is the activity by which we reproduce ourselves from day to day, from year to year, from generation to generation. But work also forms, so to speak, much of the matter of human life, at least for most people in any society with which we are familiar.

If a world without work is paradise, why are its architects still working? Our ability to create has exploded, but our ability to feel meaning in what we create has collapsed. Billionaires tell us AI will free us from work, but they still show up to the office. That's the clue we're ignoring. The danger isn't job loss, it's loss of purpose. As friction disappears, so does the proof that our actions matter. And without those tiny moments of impact, we don't become liberated.

A friend recently told me a story that made this reality impossible to ignore. Her elderly parents live near an elementary school not far from the nation's capital. For several years, they had been quietly raising money to provide groceries and basic supplies for families whose children were going hungry. When Republicans suspended SNAP benefits, the need surged overnight. What had been a steady act of care suddenly became an emergency response.

I never thought I'd live in California. I grew up in Colorado, went to college in Boston, and lived in Texas. I came out here for business school because I wanted to be at Stanford, and because you could play golf during the winter. Now I love it here. It has nothing to do with taxes; taxes have never been anywhere on our list of criteria for deciding where to live. I want to live where my family is and love the weather, the jobs,