New research has helped answer a nagging question among scientists who study population health: How much time has to elapse before a society growing more unequal starts paying the price — in higher rates of illness and death? The best estimate: five years after inequality spurts.
From Manhattan to Monaco, the world’s deepest pockets are fashioning themselves into a new global tribe of footloose affluent souls. The business press has dubbed them the “stateless super rich.” The rest of us get to gawk at their excess — and wind up footing the ultimate bill.
So few Americans are cheering America’s rising productivity, a new Economic Policy Institute report suggests, because so few Americans are sharing in the new wealth that boosts in productivity have been creating over the past three decades. That wealth has gone largely to the top.
A new labor report reinforces the case for more transparency on the gap between what U.S. CEOs take home and what they pay their workers. The SEC is currently dragging its feet on implementing the new law that requires individual corporations to reveal just how wide that gap has become.
A new Citizens for Tax Justice report looks at all the taxes Americans pay, from federal and state income taxes to local property and sales taxes. Do the rich bear a heavier tax load than average Americans? Yes, but just barely. By one yardstick, U.S. taxes rate as just 0,6 percent progressive.
By any rational benchmark, hedge fund manager rewards remain positively stratospheric. Back in 2002, a hedge fund manager needed to earn $30 million to enter the hedge fund top 25. In 2011, a downer of a year for hedge fund managers, that entry level stood at $100 million.
Behind last week’s record-smashing $2 billion sale of the Los Angeles Dodgers sits a global economy that’s essentially enriching only the world’s super rich. A new report that tallies the latest stats on global wealth details just how incredibly far that enriching has gone.
On the eve of the release of the annual CEO pay survey reports, we review the recent research literature and take a look at the causes and consequences of the chief executive compensation spirals the United States has experienced since the late 1970s.
Austerity budgets are spreading all across the world, at the same time wealth, new data show, has become more concentrated at the global economic summit than ever before. From Cairo to Palo Alto, California, even some conservative analysts are now talking wealth tax.
A tax-the-rich bombshell has dropped in the presidential race. The French presidential race. The leading candidate in the French polls is proposing a 75 percent top tax rate on the incomes of the rich, a rate that nearly doubles the developed world’s recent conventional wisdom.