The Corporate Pirates Assaulting Social Security
The CEOs with the corporate lobby group 'Fix the Debt' are pushing a 'tax reform' that could almost instantly cost the federal treasury as much as $173 billion. Pirates plunder....
Articles
Absolute poverty in America higher than in 1969
In America politicians and the press talk endlessly about the declining middle class. Indeed, as the latest data show, middle America has been shrinking since the 1970s. Yet while the...
They Can’t Stop Beethoven, Can They?
For the grasping managers of Corporate America — and the institutions their wealth dominates — no workers deserve dignity, not even the most amazingly accomplished. What do bank executives who...
ILO: U.S. Inequality Now Literally Off the Chart
Among the world's major nations, documents the UN agency dedicated to labor matters, only one currently has a level of inequality both high and rising. By Salvatore Babones It is...
When It Comes to Business Profits, It’s the Plutonomy versus the Realonomy — and the Plutonomy is Winning
A new report from the International Labour Organization shows that across G20 countries corporate profits are up, up, up. Since the year 2000 corporate profits as a proportion of total...
Dissecting the Tax Preferences the Rich Receive
America's deep pockets, a new report shows, are saving big bucks from a wide assortment of federal income tax breaks. They're saving even more from the absence of a wealth...
Wealthy Parents, Inherited Advantage, and Declining Mobility
Who is responsible for inequality? Is it the 1 percent, soaking up the lion’s share of national income and wealth? Or the failure of people in the 99% to boost...
The Debt Ceiling Debate that Wasn’t
After the Global Financial Crisis hit in 2008, federal spending spiraled out of control. The government made controversial interventions to prevent the economy from descending into depression. The federal debt...
How Many Rotting Apples Do Our Hedges Hide?
High-profile prosecutions only hint at the crime and ethical misbehavior rampant in America's most rewarding high-finance suites. They’re hunkering down at SAC Capital, the hedge fund empire billionaire Steven Cohen...
Satisfaction and Smiles in an Unequal World
Happiness, modern science shows, has many dimensions besides the economic growth we usually zero in on.
OECD: Inequality Rising Faster than Ever
The Great Recession has widened the gap between the developed world's affluent and everyone else. By Salvatore Babones Since the Global Financial Crisis of 2007 inequality has been rising faster...
Inequality and Growth
As the recession that began in late 2007 drags through its sixth year, people are finally starting to ask if maybe inequality is to blame. After all, slow growth throughout...