What, besides raising the minimum wage, do the Democrats propose to do about the shift in income from wages to profits, from labor to capital, from the 99 percent to the 1 percent?
The super rich have just bought another election. They own American democracy. Here’s how to take the power back.
One key reason: German workers have representation on German corporate boards.
Taxing income from wealth at same rates as income from work could raise $2 trillion in the United States over the next 10 years.
Rich people burning huge sums of money on fun wakes us up to the excesses of the free market.
Here’s one: The world’s 85 richest people are getting almost half a million dollars richer every minute!
In a world where hundreds of millions of people are living without access to clean water, says a new report from the global charity Oxfam, a small elite have more money than they could spend in several lifetimes.
Multi-millionaires and billionaires are shielding vast fortunes from taxation with monstrously huge IRAs.
The best look yet at American wealth inequality’s spectacular U-shaped evolution over the past 100 years.
Three moves that could place significant limits on U.S. banker compensation.
The soaring pay of corporate chief executives is spurring efforts to pass laws to limit their compensation.
American politicians don’t dare say outright that only the wealthy should have political rights — at least not yet. But if you follow the currents of thought now prevalent on the political right to their logical conclusion, that’s where you end up.
A new study in the Oxford Economic Papers investigated the connection between inequality and crime in the United States and found that higher rates of conspicuous consumption of the wealthy correlated with higher crime rates.
Steve Siebold, a multi-millionaire and author of the book, How Rich People Think, “richsplains” to working Americans that they should stop complaining about inequality and instead take a lesson from the rich.
The United States, the latest stats show, has become lousy at moving people out of poverty. But the nation remains great at making a very few enormously wealthy.
Is the creativity and productivity of places like Silicon Valley threatened by a future that favors the fortunes of the very rich over the ambitions of the many?
By every significant yardstick, 90 percent of Americans have been in a recession for seven years . . . and counting.
The Federal Reserve chair offers a stark summary of America’s increasingly unequal distribution of income and wealth.
Bill Gates’ critique of Thomas Piketty is revealing for what it overlooks.
The United States hosts 62,800 affluents worth over $50 million in assets, nearly twice as many as the rest of world combined.
The latest annual Credit Suisse study shows inequality accelerating.
Notes Public Citizen’s Robert Weissman: “It doesn’t balance it out if you have billionaire Republicans battling billionaire Democrats. You still have billionaires setting the agenda for the election.”
A tax on wealth has been a French political staple for over 30 years.
Tyrel Oates, a customer relations worker who makes $15 per hour, argues that Wells Fargo should set a national example on what a corporation can do to address income inequality.
Understanding America’s epochal upward redistribution of wealth and income requires a look at our institutional power dynamics.
The nation’s largest full-service restaurant chain is sending three top executives off with $68 million while paying workers $2.13 per hour.
SAT originally stood for Scholastic Aptitude Test. But parsing the results by income suggests the exam functions as a Student Affluence Test.
U.S. Representative Eric Swalwell (D-CA) sent a letter urging Department of Education Secretary Arne Duncan to include salaries of the president and top three personnel at each university in the department’s annual survey providing data on postsecondary education.
Americans earning at least $200,000 a year cut their charitable donations by 4.6 percent between 2006 and 2012. Americans earning less than $100,000 increased theirs by 4.5 percent during the same six-year span.
The outgoing CEO and two top executives of Darden Restaurants stand to receive a total of $68 million over the next two years. Meanwhile, tipped employees of Olive Garden receive $2.13 per hour.
If repealers get their way, billions in capital gains will never be taxed at all.
Restaurant colossus Darden, the owner of Olive Garden and a host of other chains, has just handed three departing top executives a going-away package worth an estimated $68 million. At least one fifth of Darden workers currently make no more than the federal tipped minimum wage of $2.13 per hour.
In the early ’70s, 46 percent of Americans agreed that “most people can be trusted.” These days, those surveyed agreed with that statement just 33 percent of the time. Psychologists are pointing to rising inequality as the difference maker.
By calling attention to the “the wealthy few” who dominate modern America, new polling shows, candidates can swing elections decidedly their way.
The combined wealth of the just-published Forbes’ 2014 ranking of the richest people in America has hit $2.29 trillion, up from $2.02 trillion in 2013 and the highest total ever.
Pundits sometimes wonder why American voters don’t care more about inequality; part of the answer is that they don’t realize how extreme it is.
America’s top 1 percent captured 45 percent of the nation’s income gains during the Clinton growth years, 65 percent during the best economic years of the George W. Bush administration, and 95 percent in the Obama recovery from the Great Recession.
The next time you hear the word “inequality,” remember that it’s not just about a gap in income or wealth. It’s about everything you hold near and dear.
The government openly acts to ensure that wages don’t rise and also to protect Wall Street high flyers who managed to sink their banks with their bad bets.
The ugliest extreme of inequality in the United States: tax avoidance by the rich vs. broken-down schools.