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500 Richest People Gained Record $2.2 Trillion in 2025, Fueling Calls for Wealth Tax

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Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Demonstrators gather outside a Tesla showroom as part of “TeslaTakedown” protest against CEO Elon Musk in New York City on May 3, 2025. (Photo by Mostafa Bassim/Anadolu via Getty Images)

“If the monstrous political-economic system that is tearing our planet, the climate, and its people apart isn’t brought to its knees—then humanity will be,” warned one climate scientist.

Led by Big Tech billionaires including Jeff Bezos, Larry Ellison, and Elon Musk, the world’s 500 richest people added a record $2.2 trillion to their collective wealth in 2025, Bloomberg reported as the year ended on Wednesday.

“Obscene greed! While billions of people live in poverty,” human rights campaigner Peter Tatchell responded on X—a social media platform now controlled by Musk, the richest person on Earth. “It’s why we need a global wealth tax.”

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Musk—who could become the world’s first trillionaire thanks to his new controversial pay package as CEO of Tesla—is one of just eight ultrawealthy individuals who got around a quarter of all the gains recorded by the Bloomberg Billionaires Index.

The others are Amazon founder Bezos and Oracle chairman Ellison, as well as Michael Dell, Google co-founders Sergey Brin and Larry Page, Jensen Huang of Nvidia, and Meta‘s Mark Zuckerberg. The previous year, Bloomberg noted, “the same eight billionaires made up 43% of the total gains.”

According to Bloomberg, the gains that brought the combined net worth of all 500 people to $11.9 trillion “were turbocharged” by the 2024 election victory of President Donald Trump. The Republican and his relatives were among the “biggest winners” of 2025, gaining at least $282 million, for a net worth of $6.8 billion.

The “winners” also include Musk, who gained $190.3 billion for a net worth of $622.7 billion; Ellison, who gained $57.7 billion for a net worth of $249.8 billion; and Australian mining magnate Gina Rinehart, who gained $12.6 billion for a net worth of $37.7 billion.

After Trump’s electoral win, several Big Tech billionaires buddied up to him, with Bezos, Musk, Zuckerberg, Apple CEO Tim Cook, and Google CEO Sundar Pichai all attending his inauguration. Musk then spent several months spearheading the administration’s attack on federal workforce as the de facto leader of the Department of Government Efficiency (DOGE).

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Sharing the Guardian‘s coverage of the findings on the social media network Bluesky, British climate scientist Bill McGuire warned that “if the monstrous political-economic system that is tearing our planet, the climate, and its people apart isn’t brought to its knees—then humanity will be.”

The Guardian pointed to Oxfam International’s November statement that $2.2 trillion “would have been more than enough to lift 3.8 billion people out of poverty,” which the humanitarian group highlighted ahead of the Group of 20 Summit hosted by South Africa, whose government used its G20 presidency to push for solutions to global inequality.

“Inequality is a deliberate policy choice. Despite record wealth at the top, public wealth is stagnating, even declining, and debt distress is growing,” Oxfam executive director Amitabh Behar said at the time. “Inequality rips away life opportunities and rights from the majority of citizens, sparking poverty, hunger, resentment, distrust, and instability.”

A June 2024 report from French economist and EU Tax Observatory director Gabriel Zucman—prepared for the G20’s Brazilian presidency—estimated that a global 2% minimum tax on the wealth of 3,000 billionaires could generate about $250 billion.

As seven Nobel laureates, including Joseph Stiglitz, noted in a July op-ed published by the French newspaper Le Monde, “By extending this minimum rate to individuals with wealth over $100 million, these sums would increase significantly.”

Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Orcas discuss Donald Trump and the killer apes' concept of democracy. Front Orca warns that Trump is crashing his country's economy and that everything he does he does for the fantastically wealthy. — Orcas discuss Donald Trump and the killer apes’ concept of democracy. Front Orca warns that Trump is crashing his country’s economy and that everything he does he does for the fantastically wealthy.

Post author:dizzy
Post published:2 January 2026
Post category:Donald Trump Neo-liberalism plutocracy politics the filthy rich
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Trump Says National Guard to Leave Chicago, LA, and Portland, But ‘Will Come Back’

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Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Demonstrators face US Marines, National Guard members, and Department of Homeland Security officers in front of the Metropolitan Detention Center in Los Angeles, California on July 4, 2025. (Photo by Etienne Laurent/AFP via Getty Images)

Accusing “a president desperate to be king” of using troops “as political pawns,” California’s attorney general noted the announcement followed “a stinging rebuke by the Supreme Court.”

After a series of losses in court, President Donald Trump ended 2025 with an announcement that he is pulling the plug on legally contested National Guard deployments in three major US cities—but he also pledged that troops will return in the new year.

Trump initially sent thousands of California National Guard members to Los Angeles in June amid protests against his violent immigration operations. The remaining troops left the city earlier this month in response to a pair of orders from a district judge and the US Court of Appeals for the 9th Circuit.

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The president also tried to deploy National Guard members to the streets of two other Democrat-led cities—Portland, Oregon, and Chicago, Illinois—but those moves were blocked by lawsuits, including one that produced a US Supreme Court decision last week.

Throughout the president’s push to deploy troops to these and other cities, he has circulated lies about crime rates. He did so again in the Wednesday announcement on his Truth Social platform, writing, “We are removing the National Guard from Chicago, Los Angeles, and Portland, despite the fact that CRIME has been greatly reduced by having these great Patriots in those cities, and ONLY by that fact.”

“Portland, Los Angeles, and Chicago were GONE if it weren’t for the Federal Government stepping in,” Trump claimed. “We will come back, perhaps in a much different and stronger form, when crime begins to soar again – Only a question of time! It is hard to believe that these Democrat Mayors and Governors, all of whom are greatly incompetent, would want us to leave, especially considering the great progress that has been made???”

California Gov. Gavin Newsom, a Democrat expected to run for president in 2028, said on social media Wednesday that it is “about time Donald Trump admitted defeat. We’ve said it from day one: The federal takeover of California’s National Guard is illegal.”

Newsom and the state’s attorney general, Rob Bonta, challenged the LA deployment. In that case, the US Department of Justice on Tuesday filed a brief with the 9th Circuit withdrawing its motion to keep the California troops under federal control.

“For six months, CA National Guard troops have been used as political pawns by a president desperate to be king,” Bonta said Wednesday. “Now, in the face of a stinging rebuke by the Supreme Court, the Trump administration is backing away from its effort to federalize and deploy CA National Guard troops.”

Although that Supreme Court decision was not directly about California, the justices’ rejection of the Trump administration’s request to strike down a temporary restraining order that barred the Illinois deployment was expected to inform other cases.

Illinois Gov. JB Pritzker, another Democrat who may run for the Oval Office in the next cycle, also pointed to the recent ruling in his response to the president on Wednesday: “Donald Trump’s lying again. He lost in court when Illinois stood up against his attempt to militarize American cities with the National Guard. Now Trump is forced to stand down.”

“Illinois and Chicago have reduced crime with smart investments in police and community violence reduction programs,” he continued. “Meanwhile, Trump cut federal support for both. No matter how many lies he tells, we will keep standing up for truth and against his abuse of power.”

Ahead of Trump’s announcement, the New Republic‘s Greg Sargent said that the president and his deputy chief of staff, Stephen Miller, “are actually failing in crucial ways. Deportations are lagging behind their goals, courts are mostly functioning, and their fascist, ethnonationalist cruelties have unleashed a countermobilization of unexpected scope and power.”

After the new Truth Social post, Sargent added: “Trump just announced that he’s pulling the National Guard out of Chicago, LA, and Portland while pretending he won some kind of big victory. Here’s the reality: Their authoritarian designs have faced massive civil and popular resistance.”

Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Post author:dizzy
Post published:2 January 2026
Post category:Donald Trump Fascism Neo-liberalism new authoritarianism plutocracy politics the filthy rich
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Trump Vetoes Colorado Clean Water Bill—Then Tells State’s Officials to ‘Rot in Hell’

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Original article by Brad Reed republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

President Donald Trump takes questions at his Mar-a-Lago estate on December 22, 2025 in Palm Beach, Florida. (Photo by Tasos Katopodis/Getty Images)

The bill vetoed by Trump would have provided funds to finish the Arkansas Valley Conduit, a 130-mile pipeline designed to deliver clean, filtered water to 50,000 residents in the eastern part of the state.

President Donald Trump issued the first veto of his second term this week when he rejected a bill with bipartisan support aimed at ensuring access to clean drinking water in rural Colorado.

As reported by Colorado Public Radio on Tuesday, the bill in question would have provided funds to finish the Arkansas Valley Conduit, a 130-mile pipeline designed to deliver clean, filtered water to 50,000 residents in the eastern part of the state.

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In a statement announcing his video [veto?] of the bill, Trump cited concerns about the size of the US deficit, even though the Congressional Budget Office has estimated that finishing the conduit will cost less than $500,000.

“My administration is committed to preventing American taxpayers from funding expensive and unreliable policies,” said Trump, whose signature legislation, the One Big Beautiful Bill Act, is projected to increase the US deficit by $3.4 trillion over the next decade. “Ending the massive cost of taxpayer handouts and restoring fiscal sanity is vital to economic growth and the fiscal health of the nation.”

Rep. Lauren Boebert (R-Colo.), a longtime Trump ally who sponsored the legislation, blasted the president for vetoing “a completely non-controversial, bipartisan bill that passed both the House and Senate unanimously.”

Boebert also hinted that Trump’s reasons for passing the bill could be political retribution over her effort to force the release of files related to the criminal prosecution of the late convicted sex offender Jeffrey Epstein, who for years was a friend of the president.

“I sincerely hope this veto has nothing to do with political retaliation for calling out corruption and demanding accountability,” Boebert said. “Americans deserve leadership that puts people over politics.”

It’s not clear what Trump’s motives were for vetoing the bill, though he has been feuding with elected officials in Colorado over the continued imprisonment of Tina Peters, the former county clerk of Mesa County, Colorado who was convicted in 2024 of seven charges related to her allowing unlawful access to voting machines in the wake of the 2020 presidential election.

Trump has demanded that Colorado release Peters, and he even went so far as to give her a presidential pardon, even though she was convicted on state charges rather than federal charges where such a pardon would carry real legal weight.

In a New Year’s Eve Truth Social post, Trump once again made false claims about Peters’ case.

“God Bless Tina Peters, who is now, for two years out of nine, sitting in a Colorado Maximum Security Prison, at the age of 73, and sick, for the ‘crime’ of trying to stop the massive voter fraud that goes on in her State,” Trump wrote.

In reality, there is no evidence of widespread voter fraud in Colorado during the 2020 election.

Trump finished off his post by lashing out at Democratic Colorado Gov. Jared Polis and Mesa County District Attorney Dan Rubinstein, a Republican whose office successfully put Peters in prison for a nine-year sentence.

“To the Scumbag Governor, and the disgusting ‘Republican’ (RINO!) DA, who did this to her (nothing happens to the Dems and their phony Mail In Ballot System that makes it impossible for a Republican to win an otherwise very winnable State!), I wish them only the worst,” Trump wrote. “May they rot in Hell. FREE TINA PETERS!”

Original article by Brad Reed republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Post author:dizzy
Post published:2 January 2026
Post category:Donald Trump Fascism Neo-liberalism new authoritarianism plutocracy the filthy rich
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ICE Plots $100 Million ‘Wartime Recruitment’ Drive Aimed at Hiring Gun Enthusiasts

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Original article by Brad Reed republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Federal agents block people protesting an ICE immigration raid at a nearby licensed cannabis farm on July 10, 2025 near Camarillo, California. (Photo by Mario Tama/Getty Images)

The propaganda blitz will be aimed at “people who have attended UFC fights, listened to patriotic podcasts, or shown an interest in guns and tactical gear,” according to the Washington Post.

The Trump administration is planning a massive propaganda campaign aimed at recruiting thousands of new federal immigration enforcement officers to carry out its mass deportation agenda.

The Washington Post reported on Wednesday that it had obtained internal documents revealing that US Immigration and Customs Enforcement (ICE) is planning to spend $100 million over the next year on what the agency describes as a “wartime recruitment” drive.

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The propaganda blitz will be targeted at highly specific demographics, including “people who have attended UFC fights, listened to patriotic podcasts, or shown an interest in guns and tactical gear,” according to the Post.

The ICE drive would also use an ad-targeting technique called “geofencing” to send recruitment ads to users’ phone browsers if they are in the vicinity of certain locations, such as military bases, NASCAR races, college campuses, and gun shows.

The ads being designed for the recruitment drive will be based around current appeals that depict joining ICE as part of a “sacred duty” to “defend the homeland” from “foreign invaders,” the Post reported.

This rhetoric is similar to the language used in a recent ICE job post flagged by University of Wisconsin–Madison sociologist Jess Calarco. The listing asked prospective recruits if they are “ready to defend the homeland” by joining “an elite team dedicated to… securing our nation’s safety.”

Calarco noted that the job post “reads like a video game ad,” which she said “is almost certainly by design.”

Sarah Saldaña, a director of ICE under the Obama administration, told the Post that it is worrying to see the Trump administration casting such a wide net for people who lack any experience in law enforcement and who may be eager for what the Post described as “all-out combat.”

The recruitment blitz comes amid new indications that the Trump administration’s mass deportation campaign is falling far short of its goals.

The New Republic‘s Greg Sargent on Wednesday wrote that immigration arrests this year have fallen far short of the goal of 3,000 people per day set by top Trump aide Stephen Miller, and it seems highly unlikely that Miller will realize his dream of deporting 1 million people per year.

Aaron Reichlin-Melnick, a senior fellow with the American Immigration Council, told Sargent that “it’s clear that they have not achieved the shock-and-awe campaign of mass deportations that they wanted, and they are still running into quite a lot of obstacles.”

Reichlin-Melnick also predicted that “there will still be millions of people here who are undocumented” after Trump leaves office in 2028, as the administration “will not be able to deport even the majority of undocumented immigrants in four years.”

The Trump administration earlier in the year announced plans to entice new ICE recruits by offering them $50,000 sign-up bonuses and assistance with repaying student loans in a bid to double the agency’s head count.

Original article by Brad Reed republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Post author:dizzy
Post published:2 January 2026
Post category:Donald Trump Fascism Neo-liberalism new authoritarianism plutocracy politics the filthy rich
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New Year thoughts

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Sharing some thoughts with you this new year.

I’ve neglected to thank everyone who helps me, so thank you. I think that the point may be – of course – is that our interests coincide or are the same. I would expect that the majority of people want the common understanding of democracy, international law upheld, war criminals exposed, prosecuted and convicted, the climate crisis urgently addressed. These are not abstract notions and are instead the way that it should be.

The excessively rich are identified as the obstacle to this happening. There is plenty of money, it’s just that the rich are hoarding it all.

Orcas discuss how Trump was re-elected and him being an obviously insane, xenophobic Fascist.

Donald Trump is a puppet of the rich, Netanyahu and Putin and insane through senility. He is clearly so easily manipulated and a huge liability to everyone who depends on him. Can’t he be locked up or otherwise contained?

Donald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood. — Donald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood

Keir Starmer is totally committed to supporting Israel’s genocide and relentlessly attacks the human right of those that oppose this. It is the one issue that defines him. He and his fellow genocide enablers should be prosecuted and locked up.

Keir Starmer objects to criticism of the IDF. He asks how could anyone object to them starving people to death, forced marches like the Nazis did, bombing Gaza's hospitals and universities, mass-murdering journalists, healthworkers and starving people queuing for food, killing and raping prisoners and murdering children. He calls for people to stop obstructing his genocide for Israel. — Keir Starmer objects to criticism of the IDF. He asks how could anyone object to them starving people to death, forced marches like the Nazis did, bombing Gaza’s hospitals and universities, mass-murdering journalists, healthworkers and starving people queuing for food, killing and raping prisoners and murdering children. He calls for people to stop obstructing his genocide for Israel.

There have been a few articles recently arguing that the UK Labour Party should change course to survive. I think that it’s too late for that, it’s been an anti-democratic force for decades. I certainly have no intention of relenting.

Keir Starmer warns against following the https://onaquietday.org blog.

No chocolates, I didn’t get any anon presents this year so demand your money back if you sent any. Happy New Year all X

Orcas discuss Genocide-supporting and complicit Zionists. Donald Trump, Keith Starmer, David Lammy, Rachel Reeves, Angela Rayner and Wes Streeting are acknowledged as evil genocide-complicit and supporting cnuts.

Post author:dizzy
Post published:1 January 2026
Post category:Angela Rayner Benjamin Netanyahu crap pretend Labour David Lammy Donald Trump Fascism genocide human rights violations Israel Keir Starmer Labour Party Palestine politics Rachel Reeves the filthy rich Wes Streeting Zionism
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