Historical US Tariffs and Government Revenue: A Chart Reveals Limitations
A historical chart showing US federal government revenue from tariffs reveals that for much of the 19th century, tariffs constituted over half of the government's income. However, this system's limits led to the adoption of income tax as government expanded.
Historical US Tariffs and Government Revenue: A Chart Reveals Limitations
A historical chart showing US federal government revenue from tariffs reveals that for much of the 19th century, tariffs constituted over half of the government's income. However, this system's limits led to the adoption of income tax as government expanded.
Progress
40% Bias Score
Extreme Wealth Concentration Amidst Global Poverty: Oxfam Report Highlights Inequality
Oxfam's 2025 report, "Takers Not Makers," reveals that 204 new billionaires were created in 2024, while 2.33 billion people are food insecure, emphasizing the extreme concentration of wealth and highlighting the need for taxing extreme wealth and addressing inherited wealth.
Extreme Wealth Concentration Amidst Global Poverty: Oxfam Report Highlights Inequality
Oxfam's 2025 report, "Takers Not Makers," reveals that 204 new billionaires were created in 2024, while 2.33 billion people are food insecure, emphasizing the extreme concentration of wealth and highlighting the need for taxing extreme wealth and addressing inherited wealth.
Progress
52% Bias Score
France Considers Taxing Wealthy Retirees to Fund Social Security
France's Minister of Labor proposed taxing retirees with pensions exceeding €2000-2500 per month to fund social security, potentially affecting 40% of retirees and generating €500-800 million annually, complementing a potential increase in weekly work hours to address a €2.5 billion funding gap.
France Considers Taxing Wealthy Retirees to Fund Social Security
France's Minister of Labor proposed taxing retirees with pensions exceeding €2000-2500 per month to fund social security, potentially affecting 40% of retirees and generating €500-800 million annually, complementing a potential increase in weekly work hours to address a €2.5 billion funding gap.
Progress
48% Bias Score
Five Trillionaires Predicted by 2034 Amidst Rising Billionaire Wealth and Persistent Poverty
Oxfam predicts five trillionaires will emerge within a decade due to a \$2 trillion rise in billionaire wealth in 2024, contrasting with persistent global poverty and prompting calls for wealth redistribution.
Five Trillionaires Predicted by 2034 Amidst Rising Billionaire Wealth and Persistent Poverty
Oxfam predicts five trillionaires will emerge within a decade due to a \$2 trillion rise in billionaire wealth in 2024, contrasting with persistent global poverty and prompting calls for wealth redistribution.
Progress
56% Bias Score
German Middle Class Bears Disproportionate Tax Burden Amid Rising Healthcare Costs
Germany's middle class pays over 40% of its income in taxes and social security, more than in any other European country, creating an economic disparity that is projected to worsen due to rising healthcare costs. A proposed solution to tax capital gains faces political opposition.
German Middle Class Bears Disproportionate Tax Burden Amid Rising Healthcare Costs
Germany's middle class pays over 40% of its income in taxes and social security, more than in any other European country, creating an economic disparity that is projected to worsen due to rising healthcare costs. A proposed solution to tax capital gains faces political opposition.
Progress
52% Bias Score
Biden's Economic Policies: Positive Indicators Amidst Criticism
Despite record low unemployment and moderating inflation, President Biden's economic policies, including halting the Keystone pipeline, proposed tax increases on capital, and increased regulation, are criticized for potentially hindering long-term economic growth, according to New York Times economi...
Biden's Economic Policies: Positive Indicators Amidst Criticism
Despite record low unemployment and moderating inflation, President Biden's economic policies, including halting the Keystone pipeline, proposed tax increases on capital, and increased regulation, are criticized for potentially hindering long-term economic growth, according to New York Times economi...
Progress
60% Bias Score
Greenpeace Demands Tax on Super-Rich at Davos WEF
Greenpeace activists protested at the WEF in Davos, Switzerland, demanding a global tax on the super-rich to fund a just and green future; a new study suggests this could raise €185 billion annually in Europe alone.
Greenpeace Demands Tax on Super-Rich at Davos WEF
Greenpeace activists protested at the WEF in Davos, Switzerland, demanding a global tax on the super-rich to fund a just and green future; a new study suggests this could raise €185 billion annually in Europe alone.
Progress
56% Bias Score
Billionaire Wealth Surges to $15 Trillion, Exceeding Eurozone GDP
In 2024, the wealth of billionaires globally reached $15 trillion, equivalent to the eurozone's GDP, increasing by $2 trillion—three times faster than the previous year—while global poverty remained largely unchanged since 1990, prompting Oxfam to call for wealth taxes and regulatory changes.
Billionaire Wealth Surges to $15 Trillion, Exceeding Eurozone GDP
In 2024, the wealth of billionaires globally reached $15 trillion, equivalent to the eurozone's GDP, increasing by $2 trillion—three times faster than the previous year—while global poverty remained largely unchanged since 1990, prompting Oxfam to call for wealth taxes and regulatory changes.
Progress
56% Bias Score
Oxfam Report Links Billionaire Wealth to Democratic Erosion
Oxfam's new report reveals the obscene wealth concentration among billionaires, exemplified by Elon Musk's $56 billion bonus, and links this to political attacks on democracy, advocating for higher taxes on large fortunes but facing significant political obstacles.
Oxfam Report Links Billionaire Wealth to Democratic Erosion
Oxfam's new report reveals the obscene wealth concentration among billionaires, exemplified by Elon Musk's $56 billion bonus, and links this to political attacks on democracy, advocating for higher taxes on large fortunes but facing significant political obstacles.
Progress
56% Bias Score
Global Billionaire Wealth Soars as Poverty Stagnates
Oxfam's report, "Takers not Makers," reveals a 2023 surge in billionaire wealth to $15 trillion, three times faster than 2022's growth, while global hunger rises and poverty reduction stagnates; Germany has the world's fourth-largest number of billionaires, with 71% of their wealth from inheritance.
Global Billionaire Wealth Soars as Poverty Stagnates
Oxfam's report, "Takers not Makers," reveals a 2023 surge in billionaire wealth to $15 trillion, three times faster than 2022's growth, while global hunger rises and poverty reduction stagnates; Germany has the world's fourth-largest number of billionaires, with 71% of their wealth from inheritance.
Progress
56% Bias Score
UK Borrowing Costs Rise, Testing Labour's Economic Plans
Increased UK government borrowing costs due to financial market turmoil could force Chancellor Rachel Reeves to raise taxes or cut spending, but projected consumer-driven growth offers some economic resilience, requiring strategic fiscal management.
UK Borrowing Costs Rise, Testing Labour's Economic Plans
Increased UK government borrowing costs due to financial market turmoil could force Chancellor Rachel Reeves to raise taxes or cut spending, but projected consumer-driven growth offers some economic resilience, requiring strategic fiscal management.
Progress
36% Bias Score
Spain to Raise Minimum Wage, but Not Income Tax, Forcing Workers to Pay Taxes
The Spanish government plans to raise the minimum wage by €39-€50 per month in 2025 to €1173-€1184, but unlike in previous years, won't adjust income tax, forcing minimum wage earners to pay income tax for the first time, resulting in them losing 42% of the raise to taxes.
Spain to Raise Minimum Wage, but Not Income Tax, Forcing Workers to Pay Taxes
The Spanish government plans to raise the minimum wage by €39-€50 per month in 2025 to €1173-€1184, but unlike in previous years, won't adjust income tax, forcing minimum wage earners to pay income tax for the first time, resulting in them losing 42% of the raise to taxes.
Progress
44% Bias Score