By Chuck Collins, Institute for Policy Studies
Just as Congress begins debate on the Republicans’ “Tax Cut and Jobs Act,” new revelations have emerged about how wealthy elites around the world hide their wealth. The “Paradise Papers” — the result of a leak from the Bermuda-based law firm Appleby — shines additional light onto the shadowy world of hidden wealth and tax dodging.
By Dedrick Asante-Muhammad, Chuck Collins, Common Dreams
America’s middle class is under assault. Since 1983, national median wealth has declined by 20 percent, falling from $73,000 to $64,000 in 2013. And U.S. homeownership has been in a steady decline since 2005. While we often hear about the struggles of the white working class, a driving force behind this trend is an accelerating decline in black and Latino household wealth.
By Chuck Collins, Other Words
Next time you reach for a cold beer on a hot summer day, you’ll have some uninvited drinking buddies: the beer barons. Two conglomerates now control 90 percent of U.S. beer production. They use their power to raise prices, squeeze out small brewers, and limit your choices at the corner store. This comes despite a thriving craft brewery culture.
By Chuck Collins, The Next System Project
The US economy’s deep systemic inequalities of income, wealth, power, and opportunity are part of global inequality trends, but US-style capitalism and public policy make inequalities more acute. Their observable and felt harm to our civic and economic life is corroborated by research from many disciplines. Yet, by the same token, moving toward a more egalitarian society would realign most aspects of economic and social life for the better. So how can we bring these changes about?
By Chuck Collins, YES! magazine
Bottom Up is a comprehensive primer on the transition to a new economy—the place-based movement to rewire the economy for equity and ecological sustainability. It is rich in stories and detail for the curious or discouraged and those seeking a strategy to move toward a sustainable and equitable future.
By Chuck Collins, OurFuture.org
New research suggests that the super-rich are hiding their money at alarming rates. A study by economists Annette Alstadsaeter, Niels Johannesen, and Gabriel Zucman reports that households with wealth over $40 million evade 25 to 30 percent of personal income and wealth taxes.
By Chuck Collins, Resilence.org
“I don’t want to act based on fear, but I see how fragile the institutions are around us. Things could suddenly change. I listen behind the headlines to the trends in the news, the signs of our societal decomposition. There are many ways we should prepare for the transition, and connecting with neighbors and local people is key.”
By Chuck Collins, Resilience.org
“Why should people divest from the fossil fuel sector?” Lisa Renstrom pauses and thinks. “Let me count the ways.”