How CEO pay excess contributes to corporate disasters like GM’s years-long failure to fix known safety defects.
With Wednesday’s decision in McCutcheon v. FEC, the court has crossed the line protecting the last vestige of campaign finance reform, and making it official: Rule by the rich is now unfettered. Plutocracy’s moment has arrived.
The top 0.01 percent of America’s top-earning households, says a new Sadoff Investment Research firm report, brought in more than $30 million apiece in 2012 — or around one thousand times what the average American earned.
Until our politicians and CEOs understand that the average family on Main Street is as critical to the global economy as the bankers on Wall Street, our economic outlook will be grim.
The issue of pay ratios has become the latest front in a worldwide debate about inequality.
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.