Trend-altering change will take time, but potent forces are driving real-world efforts to democratize capital and decrease inequality.
The world’s rich have stashed at least $7.6 trillion — 8 percent of the world’s personal financial wealth — into tax havens.
Profits have reached record highs, the stock market has boomed, and CEOs are getting paid more than ever since the Great Recession hit, while the wages of most workers (and their family incomes) have declined, according to an Economic Policy Institute report.
The star comic, in an appearance on the David Letterman show, makes a wise observation about what economists call the “diminishing marginal utility of rising wealth.”
In the fight to reduce inequality, we must ensure that the democratic means to do so aren’t taken from us as well.
Millionaire households claimed a larger proportion of global wealth in 2013, gobbling up about 42 percent of the economic pie, up from 39 percent in 2012, says the latest annual wealth report from the Boston Consulting Group.
Belgium would beat Germany in the final if the World Cup were based on the gap between rich and poor in the 32 countries taking part, according to a new Oxfam analysis.
America’s 200 most highly paid chief executives averaged $20.7 million last year.
Outsourcing initiatives at every level of government are threatening millions of middle class households and enriching CEO contractors.
A new report zeroes in on the ongoing scandal of stock buybacks.