A Mexican activist offers lessons from the North American Free Trade Agreement about the likely impacts of the Trans-Pacific trade deal on inequality.
Donald Trump’s presidential campaign personifies the view that wealth should rule.
With his $2-million purchase of a one-of-a-kind Wu Tang album, Martin Shkreli continues to personify our staggeringly unequal society.
We should institute a direct tax on immense wealth, an idea popularized by Thomas Piketty in his landmark book Capital in the Twenty-First Century. This would both increase tax fairness and raise revenue.
China has become the world’s leading billionaire factory, producing more new billionaires in 2014 than any other country. But the powerful billionaires who run China do not want to live there.
How concentrated has America’s wealth become? In the not-so-distant future, if current trends continue, the Koch brother, Walton, and Mars family households will together hold over $1 trillion in wealth, over 1 percent the net worth of a nation with over 300 million people.
Academy Award-winning filmmaker Alex Gibney presents his take on the gap between rich and poor Americans in Park Avenue: Money, Power and the American Dream. Gibney contends that America’s richest citizens have “rigged the game in their favor,” and created unprecedented inequality in the United States.
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.