One year ago, the Securities and Exchange Commission proposed a rule to implement a provision of the Dodd-Frank Act requiring companies to disclose their ratio of CEO to worker pay. But no final rule has yet gone into effect.
A very few wealthy owners of oil, natural gas, and coal benefit while everyone else suffers.
The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a new report by Standard & Poor’s.
They’re playing polo on fields that have turned brown.
The Walt Disney company, notes analyst Eleanor Bloxham in Fortune, could have paid all its employees $10,400 more each last year and still booked profits of over $4 billion. Disney CEO Robert Iger took home $34.3 million in 2013.
Inequality has become the top-ranking concern of New Zealand’s voters.
For decades, the coal, oil, and gas industries have allied with a handful of libertarian billionaires to wage war on democracy and enrich the one percent.
Thanks to a series of wretched decisions by the Supreme Court, effective political speech now belongs only to those who can afford it.
London has essentially become a City State, whose wealthier residents often have very little to do with the rest of Britain, notes this Canadian political scientist.
Imagine if every paycheck you get came with a zero-interest loan from Uncle Sam. That’s essentially the deal on corporate taxation that America’s CEOs have cut.
Too-big-to-fail bailouts let bankers get away with massive fraud. The amazing result of a California trial could change that.
On overpaid corporate CEOs and college football coaches.
In the three years after the official 2010 end of the Great Recession, the typical American family’s wealth fell 2 percent, notes the Federal Reserve’s just-released triennial survey of American household finances.
A new report shows tax breaks for homeownership favor the rich.
Corporate execs are stiffing employees at paycheck time to hit their “performance” targets.
An engrossing analysis of Capital in the Twenty-First Century and the modern history of taxing the rich.
Unions now represent less than 7 percent of the private U.S. workforce. The result? Wages no longer rise with productivity. CEOs and investors capture ever higher portions of corporate income. The minimum wage loses value.
A section of President Obama’s signature health care reform law closes the ‘performance pay’ loophole for health insurance companies. Now it’s time to apply this fix across Corporate America.
New report from the Institute for Policy Studies reveals hefty taxpayer savings from a little-known Affordable Care Act executive compensation reform.
The California legislation aims to raise taxes on corporations with the greatest pay divides between workers and top execs.
Among 34 top developed nations today, only the United States and two other countries have school systems that spend more on rich kids than poor kids.
A satirist, meanwhile, suggests the “ultimate stimulus” for the nation’s top-heavy status quo.
Stock buybacks are turbo-charging U.S. income inequality.
A profile of UC Berkeley’s Emmanuel Saez.
New U.S. Census Bureau figures show “a widening wealth gap between those at the top and those in the middle and bottom of the net worth distribution” since the year 2000.
The top 2 percent of American taxpayers gobble up 35 percent of the mortgage interest subsidy.
To cure what ails American politics, we need to challenge concentrated wealth.
African Americans face pervasive inequality in a country that would prefer to think itself past its sins
This excerpt from an upcoming new book argues that corruption, greed, and economic inequality have reached a tipping point.
Twenty U.S. firms paid no federal taxes in 2014’s second quarter despite reporting $4.4 billion in second quarter profits. These 20 firms also took in as much as $84 million in taxpayer subsidies for the $240 million in executive pay they dished out last year.
Unions constitute the best weapon that American workers have to fight the relentless concentration of wealth in the upper classes.
If everyone in America had a PhD, we’d have a lot of frustrated, over-educated people.
The notion that better educating the poor — so they can earn more — has increasingly become the fallback position of conservatives in the debate over rising economic inequality.
The story behind the landmark California Senate legislation that links corporate tax rates to CEO-worker pay gaps.
Topping the list of the 10 U.S. cities with the largest shift of income towards richer households from 2005 to 2012: Albany, Georgia, and Ithaca, New York.
Local, populist, and redistributive, America’s new municipal progressive movements owe plenty to the Occupy moment of 2011.
Making our economy fairer would also make it richer, new research makes clear. Goodbye, trickle-down. Hello, trickle-up.
If economic inequality continues to soar, in what ways will that affect women specifically?
One place to look to understand the strong case for a maximum wage may be an industry that actually has a maximum wage: professional basketball.
Research conducted separately by European Central Bank and London School of Economics researchers shows that tax shelters and inadequate surveying are generating a significant undercounting of the wealth of the super rich.