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IRS cuts audits of the rich while stepping up audits of the poor after budget cuts

Republican cuts have crippled the Internal Revenue Service’s ability to audit rich tax cheats, while pressure from those same Republicans has led the IRS to increase audits of the working poor.

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The Next Financial Crisis Will Be Worse Than the Last One

We’ve made it through 2017. The first-season installment of presidential Tweetville is ending where it began, on the Palm Beach, Fla., golf course of Mar-a-Lago. Though we are no longer privy to all the footage behind the big white truck, we do know that, given the doubling of its membership fees, others on the course will have higher stakes in the 2018 influence game.

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'You All Just Got A Lot Richer' Trump Tells Rich Guests

President Donald Trump joined his family at their "Winter White House" for the holidays Friday night after signing the GOP Tax Bill into Law, and reportedly told wealthy friends dining at Mar-a-Lago "you all just got a lot richer." Days before heading away for the holidays, Trump told White House reporters that the tax bill would…

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1 Percenters Wash Their Money Through Arts Funding - and Artists Are Calling Them Out on It

At the most recent edition of the Whitney Biennial, the long-running survey of American art, visitors were greeted by a quote of the sort not usually seen in museums: “The two greatest stores of wealth internationally today [are] contemporary art [. . . and] apartments in Manhattan.”

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Living Under a Tarp Next to Facebook HQ: 'I Don't Want People to See Me'

In a patch of scrubland across the road from the Facebook headquarters in Silicon Valley, a woman named Celma Aguilar recently walked along some overgrown train tracks. She stopped where a path forked into some vegetation, just a few hundred yards from the tourists taking photos by an enormous image of a “Like” icon at the campus entrance.

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America Has a National Religion, and It Ain't Christianity, Says Leading Theologian

In his new book, The Market As God, theologian Harvey Cox argues that contemporary society has deified the economy. What was once the market is now The Market, an “omniscient” power that settles basic questions of meaning and value, and whose votaries—economists, bankers, traders—pursue arcane debates from a place of privilege once occupied by priests and theologians.

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How the Super-Rich Will Destroy Themselves

Perhaps some of the super-rich believe that their underground survival bunkers with bullet-resistant doors and geothermal power and anti-chemical air filters and infrared surveillance devices and pepper spray detonators will sustain them for two or three generations.

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This Congresswoman Wants to Drug-Test Rich People Who Receive Federal Tax Breaks

Congresswoman Gwen Moore (D-WI) is “sick and tired of being sick and tired of the criminalization of poverty,” specifically the discriminatory attempts by some conservatives—including Wisconsin Governor Scott Walker—to require those receiving federal assistance to pass drug tests.

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The Rich Should Embrace Bernie: America’s Plutocrats Have Much to Gain from Sanders’ Platform

Since the Great Recession began almost a decade ago, the growing divide between the richest Americans and everyone else has become increasingly apparent in the United States and around the world. After nearly four decades of neoliberal economic policies—e.g., deregulation, sweeping tax cuts for the wealthy, privatization, free trade deals, etc.—wealth and income inequality have skyrocketed from record lows in the 1970s to historic levels today.

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As Union Membership Has Fallen, the Top 10 Percent Have Been Getting a Larger Share of Income

As union membership has fallen over the last few decades, the share of income going to the top 10 percent has steadily increased. Union membership fell to 11.1 percent in 2014, where it remained in 2015 (not shown in the figure). The share of income going to the top 10 percent, meanwhile, hit 47.2 percent in 2014—only slightly lower than 47.8 percent in 2012, the highest it has been since 1917 (the earliest year data are available). When union membership was at its peak (33.4 percent in 1945) the share of income going to the top 10 percent was only 32.6 percent.

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