In his surprise best-seller, Thomas Piketty warns that growing wealth inequality will have a corrosive impact on our democratic institutions.
Present-day inequality reflects the poisonous result of eroding net worth among African-American and Latino households and an exploding concentration of wealth in the top 1 percent, and within that, among our richest 400 billionaires.
Advantages accelerate for wealthy children while disadvantages compound for everyone else.
Mitt Romney and I both grew up in Bloomfield Hills, Michigan, a wealthy suburb of Detroit. For much of our childhoods, we were represented in Congress by a tireless defender of the rich and powerful, William Broomfield.
The American people, more and more of us are realizing, aren’t powerless in the face of extreme inequality.
A powerful coalition of U.S.-based global companies is lobbying hard for a “tax holiday” on offshore profits. Congress should say “no!”
If you care about the future of the republic, the health of our communities, and prospects for a new green economy, the fight over taxation and concentrated wealth is your fight.
CEOs Get Massive Rewards for Dodging Corporate Taxes As the Super Congress eyes trillions in budget cuts that will undermine the quality of life for most Americans, here’s a stunning fact to contemplate: Twenty-five hugely profitable U.S. companies paid their CEOs more last year than they paid Uncle Sam in taxes. In other words, the […]
If the companies that offshore their profits and design tax scams paid their fair share, we might not have a budget crisis.
Though GOP congressional leaders talk austerity and imply that the only solution to budget deficits are spending cuts, a strong majority of people in the U.S. want to put raising taxes on the table.