The recent ProPublica exposé about billionaires’ almost-nonexistent tax bill was just the latest to reveal how little the ultrarich pay in taxes. We need to attack the wealth and power of the rich — and that means massively increasing taxes on them.
Despite being proven wrong time and again, trickle-down economics keeps limping forward, resurrected by governments to justify tax cuts for the rich with false promises of prosperity for all.
Cutting the banks down to size is good policy and good politics.
Politicians are celebrating a decline in the poverty rate. There's just one problem: it doesn't really measure poverty.
We should force the Right to choose between their pro-market ideology and their fealty to the rich.
The labor theory of value is one of Marxism’s most contested ideas. Both critics and supporters of socialism have labeled it inconsistent and outdated. In an interview with Jacobin, economist Duncan Foley offers a full-throated defense.
And those are exactly the people we need to save the planet.
The evidence is overwhelming: workers are abandoning the Democrats and center-left parties around the world. Class dealignment is radically changing politics, and the Left needs a program to win the working class.
Everyone deserves a great public education, but better schools alone can’t fight inequality.
Americans regularly lose access to water simply because they are poor and unable to pay their bills. Water bills are cruel and unnecessary. We should just get rid of them.
The Trump administration is about to remove 3.5 million people from food stamps entirely. The consequence will be a massive health crisis for working-class people.
Social theorists identify automation as both the main cause of unemployment and the future launchpad for a high-tech post-scarcity world. But, Aaron Benanav argues, the problem is the stagnation of global capitalism and its inability to generate enough jobs.
With a vacuous social vision, economics confronts the “return of the social question” woefully unprepared.
The Tax Foundation’s TaxEDU curriculum teaches students that corporate tax cuts help workers. With backing from the Koch network and big oil, the right-wing nonprofit is implanting this agenda in public schools.
A laudable effort to consolidate tax credits in New York State is hampered by policymakers’ obsession with means testing.
Rich parents bribing their kids' way into elite schools shows how college admissions is anything but a meritocracy. But the flipside is how poor and working-class kids face barrier after barrier to attending higher education at all, as this advisor to first-generation college students explains.
The spread between loan interest rates and deposit rates is at a record high, allowing big banks to make out like bandits while consumers miss out on hundreds of billions of dollars in potential savings.
Capitalism has proven itself unable to provide us all with homes — the most basic human need after food and water.
We all know that the rents are too damn high and that our cities’ efforts at providing affordable housing have been failures. The reason they fail is because the “affordable housing” playbook does not consider housing as a public good.
Most farmers in the US are wealthy and benefit from industrial agriculture. Farmworkers are not — and they’ll be the ones to democratize the agriculture system.