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Jan 17 • 4 tweets • 2 min read
☀️ NEW: New Mexico is particularly vulnerable to climate change impacts, and dirty industries have treated the state like a sacrifice zone.

Fresh findings expose those industries' false climate claims and outline a #JustTransition to a healthy future: ips-dc.org/report-new-mex…
The oil & gas and uranium mining industries have poisoned communities in New Mexico while residents don't see the benefits.

While New Mexico ranks second in the country for oil and gas production, it’s the third poorest state. ips-dc.org/report-new-mex…
Monopoly investor-owned electric utilities often charge high rates to poorer New Mexicans, a pattern that risks being repeated even if cleaner energy sources are adopted.

For an energy transition to benefit all residents, it must be a #JustTransition. ips-dc.org/report-new-mex…
Fossil fuel corps and their political backers have proposed false solutions like carbon capture and hydrogen, and a nuclear waste storage facility.

These represent a corporate-backed, top-down model of addressing climate change. There is a better way. ips-dc.org/report-new-mex…

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More from @IPS_DC

Institute for Policy Studies Profile picture
Jan 18
In the last decade, the global rich have seen their wealth explode.

We found that an annual #WealthTax on the wealthiest could raise $1.7 trillion to tackle inequality in 60 countries.

NEW report with @Oxfam, @PatrioticMills, and @FightInequality: ips-dc.org/release-new-re…
In the past ten years, global billionaire wealth has skyrocketed by 99.6%, a gain of over $5.9 trillion.

@Chuck99to1: "The concentration of wealth in the hands of the ultra-wealthy is endangering our democracy, economic stability, and social cohesion." ips-dc.org/release-new-re…
In the U.S., households with more than $50 million have seen their wealth increase 53.9% since 2012.

"The only reasonable way to fix our extreme wealth problem is by taxing that wealth directly," says @Chuck99to1. "We need a national #WealthTax." ips-dc.org/release-new-re…
Read 4 tweets
Institute for Policy Studies Profile picture
Jan 17
This week, it was exposed that members of the Getty family have used Nevada trusts to dodge $300 million in taxes owed to California over the last decade.

This shadowy trend is growing. New from @Chuck99to1 and @kalenasthom of @inequalityorg @thehill: thehill.com/opinion/financ…
The global release of the Pandora Papers in October 2021 revealed that billionaires around the world use the U.S. as a tax haven.

This wouldn’t be possible without the U.S. trust industry — and the growing number of states beholden to it. thehill.com/opinion/financ…
When the trust industry creeps into a state, it demands three requirements:

No transparency, no taxes on trusts, and no limit on how long a trust can exist.

This allows anyone, in total secrecy, to hide fortunes from fair taxation—possibly forever. thehill.com/opinion/financ…
Read 4 tweets
Institute for Policy Studies Profile picture
Oct 31, 2022
In 2003, we awarded Luiz Inácio Lula da Silva a Letelier-Moffitt Human Rights Award for his historic organizing of poorer Latin American countries against unjust economic rules imposed by the Global North.

Yesterday, he was elected to be president of Brazil.

This is huge. 🧵 A color photo shows Lula ho...
Lula's victory amazingly marks the third winner of our Letelier-Moffitt Human Rights Awards to become president this year, with Gustavo Petro in #Colombia & Gabriel Boric in #Chile.

The message is clear: People in Latin America and around the world want a progressive future. 🌎
In his victory speech, Lula emphasized that he will continue to prioritize cutting poverty, ensuring access to food and housing, ending deforestation, and protecting Indigenous communities.

These are human-centered priorities that leaders everywhere can, and should, hold.
Read 4 tweets
Institute for Policy Studies Profile picture
Sep 28, 2022
💰 NEW: The shadow system of trust companies in the U.S. is growing rapidly, inviting tax avoidance and illicit wealth hiding by elites around the world.

New analysis from @Chuck99to1 & @kalenasthom @inequalityorg exposes the states enabling these harms: ips-dc.org/billionaire-en…
As the @ICIJorg #PandoraPapers investigation revealed, some U.S. states have allowed international kleptocrats to avoid accountability at home and hide their ill-gotten wealth abroad.

These states also enable wealthy Americans to avoid federal taxation.
Three key ingredients — low or no taxes, secrecy, and trust longevity — make certain U.S. states particularly attractive to wealth defenders.

These states pass laws to cut or abolish taxes or hide trust records from prying eyes.
Read 7 tweets
Institute for Policy Studies Profile picture
May 11, 2022
The killing of beloved @AlJazeera reporter Shireen Abu Akleh was likely a war crime by Israeli military.

The U.S. sends $3.8 BILLION of our tax money directly to the Israeli military every year.

Was the bullet or the gun used to kill Shireen paid for with our money? (🧵) A color photo shows Shireen Abu Akleh in a blue press vest o
The Leahy Law requires ending U.S. aid to any military unit that has committed a grave human rights violation.

We need serious U.S. & int'l investigations—Israeli "investigations" virtually always result in impunity from accountability for human rights violations & war crimes.
Militarism in general is on the rise at home and around the world.

The U.S. military budget is exploding, approaching $800 BILLION. We send billions in military aid to Israel—almost 20% of its entire military budget—every year.
Read 4 tweets
Institute for Policy Studies Profile picture
Jun 3, 2021
After its latest assault on #Gaza, Israel is requesting another $1 billion from the U.S.

Here’s what you need to know. (1/7) 🧵 Senator Lindsey Graham stands smiling with Israeli Prime Min
This week, Israeli Minister of Defense Benny Gantz is coming to Washington to request $1 billion in emergency aid after Israel’s recent assault on Gaza.

The purpose of the request is to replenish missiles for Israel’s Iron Dome weapons system. (2/7)
As Gantz comes to the U.S. to lobby for the money, South Carolina Sen. Lindsey Graham is in Israel lobbying from there.

He’s touring Israel with the IDF to ‘see what kind of things we can do to help Israel defend herself.’ (3/7)
Read 7 tweets

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