A tidy demolition of the just-published defense of inherited wealth by Harvard’s Greg Mankiw.
Any business can makes lots of money if it gains an exemption from the taxes and rules that apply to its competitors. That’s how Amazon grew and made CEO Jeff Bezos one of the richest people in the world.
If Starbucks appointed a barista to its board, CEO Howard Schultz might not make 489 times the average pay of a Starbucks worker.
The New York mayor will lead a year-long task force that will examine strategies for combating the economic inequality in America’s cities.
The super rich are straying from investments in conventional financial products. The more entertaining investment: $45,400 for 12 bottles of wine.
The widest gap between rich and poor remains in Mexico, Chile, Turkey, and the United States, says a new report that draws from the developed world’s top economic research agency.
Trend-altering change will take time, but potent forces are driving real-world efforts to democratize capital and decrease inequality.
The world’s rich have stashed at least $7.6 trillion — 8 percent of the world’s personal financial wealth — into tax havens.
Profits have reached record highs, the stock market has boomed, and CEOs are getting paid more than ever since the Great Recession hit, while the wages of most workers (and their family incomes) have declined, according to an Economic Policy Institute report.
The star comic, in an appearance on the David Letterman show, makes a wise observation about what economists call the “diminishing marginal utility of rising wealth.”