The new leader of the UK Labour Party is talking about capping income. Most Americans might be surprised to know that FDR did, too.
The federal Securities and Exchange Commission has just given Americans an official yardstick for measuring corporate CEO greed.
In India, major corporations now have to disclose their CEO and median worker pay. U.S. corporations may soon have to finally follow suit.
The Oracle of Omaha may not be all that incredibly wise after all, just incredibly rich and sheltered from the real world of work.
In the wacky world of cable TV’s top commentator, the rich are getting squeezed while the rest of us just happily cruise along.
This simple question can’t seem to get a simple answer. A look at some new attempts to explain why.
A $58,000 traffic ticket? A number of European nations don’t let the rich off easy. In the United States, by contrast, we punish the poor for minor offenses.
A new online petition drive is protesting the incredibly high prices that enormously overpaid pharmaceutical company CEOs charge for cancer drugs.
The basic idea behind innovative legislation now pending in our smallest state: The taxes we all pay should bankroll quality public services, not grand fortunes.
Should America’s taxpayers be subsidizing all those millions in compensation that CEOs are collecting? At least some members of Congress don’t think so.
The New York Times and the Washington Post have done some solid reporting on inequality. But this past week doesn’t rank among their finest moments.
The SEC finally moves, ever so slightly, against wagers that reward CEOs when their companies fail.
Can we trust Oxfam’s latest numbers on global inequality? Critics don’t think we should. But their pushback is getting pushback.
To save our democracy, a major new report on our grand divide never gets around to recognizing, we need to contemplate our plutocracy.
The typical American would be three-times richer if the United States distributed wealth as equally as France.
Is the world, as a whole, growing more or less unequal? Seems like this should be a fairly easy question to answer. But this simple question has no simple answer. Global inequality can be devilishly difficult to decipher.
America’s most powerful economic policy maker dramatically charges that inequality is choking off opportunity for average families. Political candidates pay absolutely no attention.
Teenagers are learning lessons — about inequality — on America’s high school gridirons. When are their elders going to catch on?
An obscure provision in the Affordable Care Act, a new report details, raises taxes on firms that overpay their top execs. The only problem: The provision so far only applies to corporations in one industry.
The outsourcing of public services to private go-getters has been concentrating wealth the whole world over. The best answer to that concentration? That just may be new forms of public ownership, suggests a new global survey of alternatives to privatizing.
Deep in the heart of Texas, still another billionaire is scheming to make public education a rewarding business investment opportunity.
In urban hotspots like New York, the slender luxury towers of the global super rich are assaulting the sky. Inequality is literally blocking out the sun.
Pundits and political scientists are always searching for that simple theory that’ll explain just what makes our politics tick. Where should they be looking? How about in the eyes of a billionaire at tax time?
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.
Why the 2014 State of the Union action agenda won’t take us nearly as far as we need to go.
America’s corporate chiefs deserve all their hefty rewards, we’re told, because they take hefty risks. And what exactly are these richly rewarded corporate chief executives putting at risk? A new Economic Policy Institute study has the answer: our retirement security.
New research explores how privilege can turn the privileged self-centered and worse.
The ‘market’ isn’t working for working people. The rich have rigged the rules. We ought to keep trying, of course, to reduce the resulting inequality. But why not, unions are asking, end the rule rigging?
Back in 1776, public-spirited patriots emerged from the ranks of colonial America’s privileged. But our corporate elite today seems to offer up only thieving, tax-dodging parasites. Why such a contrast?
House Republicans, with help from some Wall Street-friendly Democrats, are rushing to repeal the most promising Dodd-Frank Act check on excessive executive pay. Their rationale? Expecting corporations to calculate how much they pay their most typical workers would impose a burden too heavy for corporations to bear.
Let’s place private corporations with government contracts under surveillance — to make sure no one is getting rich off our tax dollars.
For the grasping managers of Corporate America — and the institutions their wealth dominates — no workers deserve dignity, not even the most amazingly accomplished.
America’s deepest pockets, a new Congressional Budget Office report shows, are saving big bucks from the U.S. tax code’s wide assortment of income tax breaks. They’re saving even more, other studies help show, from the absence of an annual wealth tax.
High-profile federal prosecutions of hedge fund execs like SAC Capital’s Steven Cohen only hint at the crime and ethical misbehavior rampant in America’s most rewarding high-finance suites, concludes an eye-opening new analysis from a veteran labor educator.
If President Obama played basketball with the king of Bhutan, would the world have a better shot at becoming a happier place?
Looking for a quick fix to inequality? Stop your searching. We need to strategize instead for the long-term. A riveting new work helps us see how.
The lesson of the Reinhart-Rogoff affair: If we let wealth continue to concentrate — and corrupt our societies — we’ll all end up crying ‘96 tears.’
A colossal gift from a fabulously rich patron of the arts has the museum world buzzing. But hold the hosannahs. The rich aren’t saving us.
Luxury fortresses. Armored cars. Helicopter commutes. The abominably unequal ‘good life’ may be closer than you think.
What more vivid symbol of the indignity our contemporary corporate-driven inequality imposes than the Carnival Triumph. Thousands of people adrift, going nowhere in a nightmare of sewage and stench, while a billionaire chief executive sits far away in a courtside seat and cheers.