The real story behind the Forbes 400, notes a new report, involves privilege and the growing inequality in both wealth and opportunity
From the UK, a new progressive emphasis on stopping income and wealth concentration at the source, before taxes.
A new Congressional Research Service study has found that cutting effective tax rates on the rich doesn’t boost economic growth, but does correlate with rising income inequality.
The latest example of the shift to “understated luxury at an exorbitant price”: the $280 lunch bag.
On how closing the wealth gap can open the way to a fairer, more prosperous economy.
A look at the just-released Census Bureau numbers on still another annual increase in inequality.
My Fair London has just released an important new pamphlet that traces the roots of our social, economic, and political dysfunction.
Chicago isn’t seeing its teachers as greedy. They’re seeing them as a vanguard in the struggle against what might happen to the rest of the middle class next if they don’t speak up.
In recent decades, we’ve forgotten how to grow the economy except by increasing inequality. The result: a series of bubbles, and bubbles always cause damage when they pop.
Under Romney’s tax plan your economic future would be determined the same way it was in 18th century France — primarily by who you picked as your parents.
The newly elected president of France has come under enormous pressure to back down from his campaign pledge to raise his nation’s top tax rate on income over $1 million euros to 75 percent.
The average U.S. worker would have to work 3,489 years to earn the salary of a top-paid CEO.
The new Democratic Party 2012 platform calls on the wealthy to pay their fair share. But the platform’s actual planks appear “wholly inadequate” to achieve tax fairness.
Imagine if a tree were engineered like the U.S. economy, with half its mass centered in the top 10 percent of its height and 40 percent concentrated in the very topmost branches. Whether redwood or oak, such a tree would be destined to topple. Nature has better sense.
Police gunfire killed 54 striking mine workers last month. Behind the deaths: the world’s worst inequality.
Why what Mitt Romney pays — and doesn’t pay — in taxes really matters as an issue.
What we can learn from the emergence of inequality in the archaeological record of fishing at a place called Keatley Creek in British Columbia.
The GOP nominee’s tax plan is mathematically possible — but only if the rich get richer at a level we have never seen before.
Manhattan condos stand poised to break the $100 million barrier. Speculation once again running wild? Or a logical investment in “art”?
America’s most troubling economic trend? The increasing concentration of income, wealth, and political power at the very top.
A corporate lawyer, writing in the journal for corporate lawyers, defends the embattled Dodd-Frank financial reform law provision that requires corporations to disclose the ratio between their CEO and typical worker pay.
One Swedish count thinks so. And he thinks his second try at it will be a big winner for the world’s “smart set.”
Corporations aren’t simply playing the regulatory hand they’ve been dealt. They have rigged the deck so they’d get all the good cards.
A just-released poll offers a gold mine of information about contemporary attitudes toward the rich and their fortunes. One example from the new Pew poll: Some 58 percent of Americans say the rich don’t pay enough in taxes, 26 percent say the rich pay their fair share, and 8 percent say the rich pay too […]
Those who want tax rates on the rich lowered claim that lowering tax rates on high incomes will discourage tax dodging by the super rich. From New Zealand, more evidence that lower tax rates have no such effect.
A century ago America had a presidential race that targeted the nation’s intense concentration of wealth and power. We need another.
. . . would be a system “that redistributes both wealth and the decisions about how it is used,” says this noted British analyst.
Guatemala now claims the title as the country with the greatest disparity between the rich and poor, says a new UN report. The most equal nation has become Venezuela.
Some 57 U.S. CEOs saved at least $1 million on their 2011 taxes thanks to the 2001 and 2003 Bush-era tax cuts.
A profile of the IBM corporate lawyer who helped pave the way for the Dodd-Frank financial reform law provision that requires corporations to reveal the ratio between their CEO and typical worker pay. That provision has yet to be implemented, the victim of a feverish corporate assault.
The Times, says this top economist, has missed some prime reasons why the United States is growing far more unequal.
$1 billion. That’s the amount political donors are expected to spend in the US presidential election campaign this year.
China’s wealthiest appear to hold about twice as much of their nation’s wealth as their U.S. counterparts.
A look at the just-released latest edition of the annual Institute for Policy Studies survey on outrageously high corporate executive compensation.
Two top German think tank analysts sum up the case for a stiff, one-time tax on the wealth of the rich to finance debt reduction.
Corporate deductions on their tax returns for excessive executive pay are costing the U.S. Treasury billions of dollars a year in lost revenue.
Chief executives of the top five U.S. military contractors took home $107 million last year, 43 percent more than the heads of the five biggest U.S. banks.
Mark Haddon, the red-hot author of The Curious Incident of the Dog in the Night-Time, says he knows from his own experience how easily the privileged can “become wholly insulated from ordinary life.”
In 2009, the most current year with stats available, six of the 400 highest-income taxpayers in the United States paid zero federal income tax.
Big-time politicians are still afraid to explain to the American people how exactly it is that many Wall Street firms make their money, because they’re afraid to lose access to the crumbs those firms sometimes toss their way.