Burning Man for rich spectators

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Further Future is a desert festival created by wealthy Burning Man attendees who want to get rid of the festival's DIY/participatory ethic and replace it with a pampered weekend where poor people wait on them while they strut around the desert, "networking." Read the rest

Forget the one percent, it's the 0.1% who run the show

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The wealthiest one out of 1,000 US families -- the 0.1 percent -- comprise about 115,000 households whose net worth starts at $20M, and goes up and up from there, accounting for at least as much wealth as the poorest 90 percent of US households. Read the rest

America's wealth gap has created an ever-increasing longevity gap

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In The Association Between Income and Life Expectancy in the United States, 2001-2014, published in the Journal of the American Medical Association, economists from Stanford, MIT and Harvard analyzed 1.4 million US tax records to see how income correlated with lifespan. Read the rest

Podcast explains the corrosive effects of tax havens

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Nicholas Shaxon, author of Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens (previously) appeared on The Foreign Desk podcast (MP3) this week to discuss the nature of tax havens, how they hollow out both their host countries and the countries whence their hidden riches comes. Read the rest

Heads of UK's tax havens to Her Majesty's Government: go fuck yourself

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When the premiers of the British Virgin Islands and the Cayman Islands (British Overseas Territories that are notorious tax-havens) visited the UK last year, Tory government ministers sent formal letters asking for meetings with them to discuss tax evasion. The premiers never answered the letters. Read the rest

George Clooney's neighbor threw a $27/plate Sanders fundraiser to counter Clooney's $33K/head Hillary event

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99 Cents Only store magnate Howard Gold lives next to George Clooney. On Saturday night, both of them threw political fundraisers for would-be 2016 Democratic presidential candidate. Read the rest

What is neoliberalism?

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As recently as a couple years ago, using the word "neoliberalism" here on Boing Boing would inevitably provoke an outraged comment from someone who wanted to know why we were "liberal-bashing." Though the term was a little more widely used in Europe than in the USA, it still pretty obscure there. That obscurity is the ideology's strength. Read the rest

High tech/high debt: the feudal future of technology makes us all into lesser lessors

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Sarah Jeong continues her excellent series of critical perspectives on technology with a piece on the way that technology is being used to let computers control their users, on behalf of the corporations who make and sell these tools. Read the rest

Barack Obama: Taking money from 1 percenters compromised my politics

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In last night's Democratic debate, Hillary Clinton defended her enormous super PAC fundraising machine by saying, "President Obama had a Super PAC when he ran. President Obama took tens of millions of dollars from contributors. And President Obama was not at all influenced when he made the decision to pass and sign Dodd-Frank, the toughest regulations on Wall Street in many a year."

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How corporate America's lobbying budget surpassed the combined Senate and Congress budget

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For more than a decade, corporate America's lobbying budget has exceeded the entire budget for the operation of both houses of Congress, and this year's lobbying spend ($2.6B) is the largest in history, with no end in sight. Read the rest

Jeremy Corbyn overpays his taxes

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The Sun, a Murdoch-owned UK tabloid, accused the socialist Labour leader Jeremy Corbyn (previously) of dodging his fair share of taxes, claiming he understated his income from speeches by £450. After closer examination, it transpired that Corbyn overstated his earnings by £270 and paid tax on the full amount. Read the rest

Lady Liberty arrested at US Capitol with 400 others protesting money in politics

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Journalist Alejandro Alvarez took this striking photo of a campaign finance reform activist being arrested at a Democracy Spring demonstration at the US Capitol yesterday.

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Walmart heiress donated $378,400 to Hillary Clinton campaign and PACs

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Alice Walton, heiress to the Walmart fortune, donated $353,400 to Hillary Clinton's "Victory Fund" and another $25,000 to the Ready for Hillary PAC. Read the rest

Mass arrests at DC protest over money in politics

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At least 400 people were arrested at a Democracy Spring demonstration at the US Capitol yesterday. The protesters were calling for controls on the influence of big money over politics. Read the rest

Congresscritters spend 4 hours/day on the phone, begging for money

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John Oliver is, as always, a flamethrower crisping the Shield of Boringness that protects a corrupt, terrible system: this time, it's Congressional fundraising, which sends our elected reps off-site for four hours a day to a cubicle-filled call-center where they strap on a headset and wheedle strangers for money, and, on every third day, sends them to DC restaurants to host rubber-chicken fundraiser dinners. Read the rest

Tax investigators and bill collectors use Rich Kids of Instagram to uncover oligarchs' hidden millions

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One of the perks of being insanely wealthy is you can hide your money, so when you rip people off or hide your taxes or divorce your spouse, your victims can't figure out how to get their due. Read the rest

The international art market is a money laundry whose details are in the Panama Papers

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If you've got $50M you need to hide, and want to be able to move around invisibly, what better way than to buy a painting through a secret, numbered offshore account, stick it in a vault in Basel, whence you can liquidate it, retrieve it, and move it on a moment's notice. Read the rest

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