Excessive Wealth Disorder Institute

@ewdinstitute.bsky.social

EWDi is working to ensure that the excessively rich stop hoarding wealth. https://www.excessivewealth.org

June 2025 was the 3rd-hottest June on record. Extreme weather is wreaking havoc across the country. We know that just 57 cement or fossil fuel companies were responsible for 80% of CO2 emissions from 2016-2022 – and yet the GOP tax bill handed Big Oil a $1 billion tax break.

57 companies were responsible for 80% of carbon dioxide emissions from 2016 to 2022.

AI is creating new billionaires at an unprecedented pace and everyday Americans are footing the bill. The data centers required for AI consume a massive amount of electricity and strain electrical grids, driving up energy costs for millions of people.

The AI explosion means millions are paying more for electricity

Across much of the eastern U.S., electricity bills have jumped. The reason? Data centers required for AI and other tech wonders are driving up electricity demand.

washingtonpost.com

Massachusetts collected nearly $3 billion more in tax revenue thanks to their millionaire surtax. Analysis by The Budget Lab at Yale shows that implementing a federal surtax of 10% on Adjusted Gross Income above $1 million could raise $1.5 trillion over the next ten years.

Here’s what happens when you tax the rich: “Massachusetts collected $2 billion more in tax revenue than expected because of millionaires tax.” Source: The Boston Globe