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.