For New York City AIDS activist Bobby Tolbert, drug profiteering and tax dodging by financial elites violate basic American values. That’s why he’s backing the new Take on Wall Street campaign.
Underfunding the IRS helps the very wealthy at the expense of the middle and working class. We now have a $458 billion annual gap between how much mostly rich taxpayers owe and how much they actually pay.
A new report shows black families struggling to gain access amid the illusion of racial equity we see on television. The share of black households in poverty has hardly dipped since 1976.
Activists are demanding accessible, affordable financial services through the postal system as part of a broader campaign to rein in Wall Street. And millennials appear to be eager for that prospect.
The system is trying to squeeze you harder than any generation before you. But it doesn’t have to be this way. Ending millionaire tax breaks could change the face of America.
Stock buybacks have made execs like Pfizer CEO Ian Read fabulously rich. Bringing Big Pharma’s buybacks under control would be an obvious way of making health care more affordable.
A prominent shareholder activist is fed up with money manager BlackRock over the firm’s practice of rubberstamping obscenely large executive compensation packages.
A new UNICEF report has the United States, still the world’s richest nation, lagging behind countries like Turkey and Slovakia on efforts to significantly reduce childhood deprivation.
A veteran lineman reports from the picket line on the telecom workers’ stand against corporate greed. What can’t the Verizon CEO, he wonders, make do on just $25,000 per day?
To narrow the vast economic gaps that divide us, we can’t just tax billionaire paychecks. We need to begin seriously taxing the enormous wealth billionaires have already amassed.
America’s wealth concentration has increased tenfold since Bill Clinton first ran for president. In twenty years will it grow tenfold again? Maybe, but we still have time to make our future appreciably more equal.
At a surreal meeting in Bermuda, the AFL-CIO got 40 percent of Lazard shareholders to support a ban on “golden parachutes” for bank executives who go to work for financial regulators.
Chobani CEO’s decision to distribute partial ownership to employees bucks the trend of ever-growing income and wealth inequality. He’s giving workers a stake in a company valued over $3 billion.
Our best weapon to combat wealth inequality remains a strong union contract. Jobs with Justice organizing director Erica Smiley looks at the new strategies helping labor regain power at the bargaining table.
Thomas Frank’s new book offers a must-read on how the Democratic Party lost interest in addressing inequality. The party of the working class has evolved into the party of the professional class.
This April marks the anniversary of two insurrections in Baltimore, one in 1968, the other just last year. What do these two events tell us about the state of racial equality in the United States today?
Yes, we need a wealth tax, but not at the expense of taxing corporate and investment profits. If we relied exclusively on a wealth tax and a tax on income from labor, our taxes would be more regressive.
‘We are the 99 percent’ makes for a great slogan. But our focus on the 1 percent is distracting attention from a more sinister reality. The evidence suggests we need to worry about the 0.1 percent.
With Americans putting the finishing touches on their federal taxes, it’s a good time to look at the massive amount of taxes that highly profitable major U.S. corporations aren’t paying.
A lay person’s primer on Catholic Social Teaching, in light of the Bernie Sanders visit to the Vatican’s Pontifical Academy of Social Sciences to speak about inequality and humanity’s common good.
Colorado legislation aims to level the playing field against offshore tax haven abuse. These havens and the loopholes that enable them give large corporations an unearned advantage over small ones.
This massive leak will boost the global movement to recapture trillions of the hidden wealth of nations. Some $7.6 trillion in individual assets now sit in tax havens, 8 percent of the world’s financial wealth.
A new report, the first of its kind to analyze ethnic subgroups, takes us deeper into the fault lines of wealth and reveals a staggering racial wealth gap in one of the nation’s largest cities.
The case for raising the minimum wage in Indiana is clear and compelling, despite state and federal inaction. In not one county in Indiana can a single adult get by on a minimum wage of $7.25.
A new interactive website is vividly showing how much income and wealth individual Americans would have today had we not seen over the past four decades a meteoric rise in economic inequality.
The Patriot Millionaires network has brought the drive to close one of Wall Street’s most lucrative tax loopholes to the New York statehouse. The bill these affluent activists back could set a key precedent.
A new report shows rising inequality linked to rising high school dropout rates — and upends the view that poverty “incentivizes” the working class. “Lower tail” inequality turns out to really matter.
We could raise wages for millions of workers to $15 an hour, using the bonus money from Wall Street, and still have plenty of money left over. In 2015, Wall Street bonuses averaged over $146,000.
The Trump phenomenon looks less surprising if we consider our history of racial inequality and white supremacy. Racial and economic insecurity in the United States have always made for a volatile combination.
Economic justice activists in Illinois and elsewhere are championing laws that shift the costs of toxic poverty wages from communities to corporations. CEOs must start paying a price for low wages.
Giving preferential tax treatment to a privileged class of citizens violates our most basic values. An annual levy on wealth over $250,000 could begin returning us to core principles.
With worker-owned co-ops and other forms of democratic enterprise, historian and political economist Gar Alperovitz is helping us see, we can create wealth without creating a super wealthy.
A new report is exposing a massive disparity between white and black land ownership in the United States. Our five largest landowners, all white, own more rural land than all of black America combined.
The gap in personal net worth between the 2016 presidential candidates and average Americans could hardly be more stark. All the top-tier candidates save two have fortunes of at least $3 million.
Activists are taking on the billionaire financiers driving inequality and corrupting our politics. Hedge funds have been pressing the enterprises they dominate to slash wages and offshore middle-class jobs.
Our world’s billionaires don’t merit either their many billions, the Boston-based Oxfam economist Didier Jacobs suggests, or the right to claim we’re all somehow living in a ‘meritocracy.’
The discussion over expanding diversity in Hollywood needs to be expanded. We need to address the concentration of media ownership at the expense of small minority-owned media.
Governments help ameliorate inequality by providing essential services to all citizens, rich or poor. The water crisis in Flint demonstrates the necessary and beneficial role of a strong public sector.
Over 50 years after Martin Luther King Jr’s March on Washington, the median white family in the United States holds 70 times more net worth than the nation’s typical black family.
In our deeply unequal times, College of Holy Cross historian Edward O’Donnell reminds us, the life of the 19th century’s most significant critic of concentrated wealth remains as relevant as ever.