A prominent conservative in Congress, House Ways and Means Committee chair David Camp, has released a wide-ranging tax reform package that actually will not leave the rich significantly richer. Should America’s 99 percent be grateful for small blessings — or suspicious? Or both?
Why should moving data around be any different from moving people? No private party, the battle over the pending Comcast-Time Warner merger reminds us, ought to be getting rich off a basic public trust. Decades ago, in a more equal America, no private party did.
Equal pay for equal work? We still haven’t arrived at that destination. Decent pay that reflects the dignity of all who labor? In today’s America, we’ve barely even begun that journey, as suggests a deeper look into the controversy over the compensation for GM’s first female CEO.
Those arrows aren’t hitting their lovelorn targets the way they once did. The reason? Sociologists and economists are pointing to our growing economic divide. In our stressful, deeply unequal times, love and marriage are fast becoming the equivalent of luxury goods.
In the fierce debate over our top-heavy distribution of income and wealth, egalitarians have vanquished both inequality’s deniers and defenders. Now the debate is shifting to the most pivotal question of all, thanks to a new book from the French economist Thomas Piketty.
At the annual Swiss mountain retreat of our global elites, the world’s wealthy have spent a week wringing their hands over widening inequality. The irony? We owe much of this widening inequality to their relentless behaviors, as two just-released studies suggest quite clearly.
A new Toronto-based campaign is aiming to change the global conversation on CEOs, workers, and the real value of all their labor. The effort has already begun certifying those enterprises that pay their top executives no more than eight times their lowest-paid workers.
A half-century since Dr. King’s dream, we’re living through a nightmare where America’s 400 richest now hold as much wealth as America’s 14 million African-American households. Dr. King worried deeply about wealth distribution in his day. He would be even more worried today.
Those Americans struggling against poverty in the 1960s faced plenty of obstacles. Americans today may face even more. A half-century ago, after all, America’s wealthiest had nowhere near the chokehold on the nation’s political system that they hold today.
In the year ahead, the struggle against America’s chronic — and growing — income inequality just might jump-start. And one spark may come from Maryland’s St. Mary’s College campus, where activists are working to limit the top campus paycheck to 10 times the lowest.