America’s top 1 percent captured 45 percent of the nation’s income gains during the Clinton growth years, 65 percent during the best economic years of the George W. Bush administration, and 95 percent in the Obama recovery from the Great Recession.
The next time you hear the word “inequality,” remember that it’s not just about a gap in income or wealth. It’s about everything you hold near and dear.
The government openly acts to ensure that wages don’t rise and also to protect Wall Street high flyers who managed to sink their banks with their bad bets.
The ugliest extreme of inequality in the United States: tax avoidance by the rich vs. broken-down schools.
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.