The latest review of French economist Thomas Piketty’s new blockbuster, Capital in the Twenty-first Century.
In Athens, democracy disintegrated when the rich grew super-rich and undermined the established system of government, the point that the United States has now reached.
The demonization of anyone who talks about the dangers of concentrated wealth reflects a misreading of both the past and the present. Such talk stands very much in the American tradition.
Tax policy historically has played an important role in reducing inequality, and the estate tax could once again be a particularly apt reform vehicle.
In Maryland, a Democratic-dominated legislature is throwing millions of dollars at the heirs of millionaires while hesitating about raising the wages of some of the poorest people in the state.
L.A., one of America’s most unequal cities, spends at least $51 million more on Wall Street than its own streets.
How many of America’s wealthiest would be required to create a group with a total wealth of $1 trillion? The current total: just 37, down from 51 last September.
Business income sits increasingly in the hands of a few. In 1979 the top 1 percent of U.S. households took 17 percent of the nation’s business income. By 2007: 43 percent.
With unemployment high and the state budget precarious, this Baltimore Sun editorial notes, it’s a mystery why Maryland lawmakers have decided that now’s the time to give the state’s wealthiest a major tax break.
If the Comcast-Time Warner merger goes through, Time Warner CEO Bob Marcus will grab a severance windfall that amounts to over $1 million a day for the six weeks he ran Time Warner before agreeing to sell it.