At Tax Time, Our Emperors Have No Clothes
Today's conventional wisdom in Congress on taxing the rich — that tax rates on income at our economic summit have gone as high as they can sensibly go — has...
Articles
Government Exists to Serve the People, not the Privileged
Many Americans feel like our political system does not fairly represent the views of the majority of the people. Politicians seem to be perpetually out of touch with realities on...
A New Labor Goal for the CEO-Worker Pay Gap
Britain's top unions will soon be flexing their shareholder muscles -- and insisting that the corporations where their pension funds have investments start taking significant steps to narrow the pay...
How Inequality Corrupts Society
Imagine you are a politician facing a tough reelection campaign. You sincerely believe in low taxes for corporations and investors. Your opponent wants to raise taxes on the rich in...
The Great Cyprus Bank Robbery
Cyprus is the latest European country to face a budget and banking crisis. Its deregulated banks have accumulated huge losses and now face imminent bankruptcy. Like the United States government,...
Some Bailouts Taxpayers Seldom Ever Notice
All across Corporate America, top execs are feathering their own nests at the expense of their employees. The French have a better idea. [caption id="attachment_5194" align="alignright" width="298"] The founder of...
Why Aren’t More of Us Protesting Inequality?
Egalitarian-minded academics have just subjected one of the central political questions of our time to some rigorous research scrutiny. By Sam Pizzigati [caption id="attachment_5164" align="alignright" width="300"] An Occupy Wall Street...
Once Upon a Time, Corporations Paid Taxes
The current European revolt against CEO greed, if successful, might leave Corporate Europe looking just like Corporate America — in the 1950s. By Sam Pizzigati [caption id="attachment_5142" align="alignright" width="182"] In...
How Inequality Is Killing the Dinosaurs
Rising inequality is killing the dinosaurs - or at least what's left of them. Paleontologists report a boom in illicit dinosaur excavation and smuggling. The most recent case to hit the news was the...
Brazil and the United States: A Shrinking Gap
Luxury fortresses. Armored cars. Helicopter commutes. The abominably unequal 'good life' may be closer than you think. Meanwhile, in South Africa . . . A dozen years ago, Brazil ranked...
Our First Trillionaire: Only a Matter of Time
If current trends continue, an individual trillion-dollar fortune in the United States will be surfacing within not much more than a generation.
Britain Comes Clean on Slave Fortunes
One hundred eighty years after abolishing slavery, the United Kingdom is coming clean about fortunes founded on slave ownership and the slave trade. While it took a bloody civil war...