America’s top 20, with a total net worth of almost two-thirds of a trillion dollars, have all “taken” to grab their fortunes, either from the public or from employees or through income tax breaks and untaxed inheritances.
The latest on how billionaires are poisoning the democratic political process.
Conservatives who paint the poor as uniquely morally deficient have things completely backward. Researchers have found the poor more virtuous, on average, than the rich.
Contrary to conservative think tank claims, the latest newly released research on social mobility in America does not celebrate the continuing viability of the American dream.
This veteran analyst will be cheering if President Obama uses the State of the Union address to urge a higher minimum wage. But unless he also tackles the concentration of America’s wealth, she notes, our extreme inequality will remain with us.
Creating a more equal distribution of the economic pie, before taxes and safety net transfers, has become an economic necessity increasingly acknowledged even in the most unexpected of quarters.
A survey of recent research.
Even the high and mighty assembling this week at the Davos Swiss resort recognize, now, that grotesque inequality represents the greatest threat to world peace. Their answer: Party on!
We’ve come to measure individuals’ success by their wealth. We do the same with governments, measuring success without taking into account wealth distribution. Shifting this perspective will be the hardest thing we’ve ever had to do as a species.
The bottom half of the world’s population now owns the same as the richest 85 people in the world. Read that again, this top global aid agency urges, please.