America’s top execs don’t have the time to celebrate. They’re too busy waging a corporate holy war against what may be the most promising check yet on executive pay excess, a Dodd-Frank Act provision that mandates the disclosure of the pay gap between CEOs and workers.
A tiny tax on global personal wealth over $1 million could ensure that no child anywhere has to live in extreme poverty. That’s the takeaway suggested by the data in new reports on wealth and income distribution from the Credit Suisse Research Institute and the World Bank.
If the Supreme Court chooses to erase our remaining post-Watergate campaign finance reforms, Richard Nixon’s scandalous reign may come to seem mere kid’s play. The reason? Today’s wealthy have far more wealth available to plow into politics than the rich of Nixon’s time.
Executives at private companies flush with federal contracts are getting rich off America’s tax dollars — at the expense of their low-wage workers. But these tables can turn. An insightful report just released by the New York think tank Demos explains just how.
Exactly a century ago, decades of progressive struggle finally paid off and outfitted America with a tool for braking the unlimited accumulation of grand private fortune. On this 100th anniversary, a noted historian looks back on the birth of the modern federal income tax.
The new sci-fi film Elysium offers a dire warning about our society’s extreme inequalities of income and wealth. The newly released documentary Inequality for All may be our best hope yet to broaden a national conversation about the dangers of inequality.
The long-delayed disclosure rule from the Securities and Exchange Commission on CEO-worker pay turned out last week to be surprisingly strong. The new rule, once finally adopted, will require corporations to annually reveal the ratio between what they pay their top execs and median workers.
The exceedingly comfortable who sit in America’s richest 1 percent have nearly fully regained the outsized share of the nation’s income they held just before the economy cratered five years ago. So report economists Emmanuel Saez and Thomas Piketty, based on an analysis of IRS data.
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.
Over the last 20 years, the annual lists of America’s highest-paid chief execs — our corporate ‘best and brightest’ — have included an amazingly high concentration of outright frauds and flops, as Institute for Policy Studies researchers show in their 20th annual Executive Excess report.