Billions of taxpayer dollars are now going to corporations busy stuffing the pockets of America’s billionaires. The eleven richest Americans have all received government subsidies, details a new report.
This year’s all-stars of avarice range in age from thirty-somethings to nearly octogenarian status. They’re all doing their best to keep our world a staggeringly unequal place.
The marches in the streets may have been provoked by police conduct in Ferguson and Staten Island. But there is a deeper dream that has been deferred.
Sheila Suess Kennedy reflects on the potential consequences of a German economist’s prediction that there could be a significant labor shortage by 2030. New social disparities are likely, Kennedy says.
Though rooted in America’s religious past, today’s attitudes about the poor are rarely doctrinal but rather cultural. The problem is that such dismissal of struggling Americans is at odds with reality.
New research and another dose of on-the-ground reality are shredding what little credibility the rationalizers of inequality have left. New analysis shows that a “rising tide” doesn’t come close to lifting all boats.
America’s 400 richest are collecting far more of the nation’s income than they did two generations ago — and paying Uncle Sam far less. To fudge these facts, pals of plutocrats are working overtime.
Republicans may feign a nostalgia for the 1950s, but they are actually more nostalgic for the Gilded Age. For decades, they have worked to undo the Progressive Era reforms that curbed inequality.
The nonpartisan Congressional Budget Office has just released its latest appraisal of America’s income breakdown. Whatever yardstick you use, the CBO shows, the rich are winning. But that hasn’t stopped conservatives from arguing that the nation’s affluent remain oppressed victims.
When you hire someone, you have to pay social security taxes, unemployment, workers’ compensation, and ensure worker health and safety. It’s a lot to put up with. What if you could get people to do the same work without taking on these responsibilities? As it turns out, you can.