A project of the
Institute for Policy Studies

How Much Wealth Are Our Wealthiest Hiding?

More than enough, the latest statistical evidence suggests, to warrant a full-fledged federal search. A new banking law in effect this month, the Foreign Account Tax Compliance Act, has the potential to start that search in the right direction. But obstacles remain.

Tax-Free Municipals: An Unnecessary Giveaway

Do American taxpayers really have to line the pockets of billionaires — and Wall Street banking giants — to help states and localities improve their infrastructures? Of course not. But they do. And this generosity toward America’s richest is costing Americans billions every year.

VIDEO: Sarah Anderson on CEO Pay and America’s Great Divide

The U.S. Senate Budget Committee February 9, 2012 hearing on “Assessing Inequality, Mobility, and Opportunity” featured testimony from Institute for Policy Studies analyst Sarah Anderson. In her remarks, Anderson showcased how excessive corporate executive pay has turbocharged the gap between America ultra wealthy and everyone else.

VIDEO: Richard Wilkinson: How economic inequality harms societies

TED Talk: We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust.

VIDEO: America Loses with “Tax Holidays”

Some of America’s most flush corporations are demanding a tax holiday on their profits sitting offshore. In 2004, 58 corporations that benefited from a holiday slashed a total of nearly 600,000 jobs through layoffs while they collectively saved $64 billion from what they otherwise would have owed in taxes.