Four extreme examples of avarice in America.
The top one-hundredth of the 1 percent are pulling away from the rest of that group, leaving the merely very rich behind and creating two markets in the economy’s upper reaches.
Current top marginal tax rates in the United States run lower than would be optimal, and pursuing a policy aimed at increasing them would likely benefit society as a whole, says this new analysis.
Why inequality matters.
On the growing awareness that the yawning gap between rich and poor undermines economic success and human happiness.
The relationship goes far beyond the poverty of Africa’s poorest countries.
America’s richest 0.1 percent now have as much of the country’s wealth as the poorest 90 percent.
So says a new survey from the World Economic Forum, the organization behind the annual Davos summit.
In 2000 roughly half of capital gains went to America’s top one-tenth of 1 percent, those making roughly more than $2 million a year. In 2012 this tiny slice of Americans collected a much larger share: 62 percent of capital gains.
Sophisticated campaign targeting and get-out-the-vote operations can’t substitute for the passion, clarity, and vision that motivate Democrats to vote.