‘We Are Not Taxing the Very Wealthy Enough’: Runaway Inequality About to Get Worse
The United States' astronomical levels of economic inequality are poised to become further entrenched in the coming years.
Financial Industry
In New York, the Wrong Workers Get the Biggest Pay Bumps
Last year’s Wall Street bonus pool was large enough to raise New York City’s minimum wage to $21.25 — with $24 billion left over.
Wall Street Bonuses Decline But Still Dwarf Worker Pay Increases Since 2008 Crash
Since 2008, growth in the average Wall Street bonus has far outstripped wage growth for ordinary U.S. workers.
How Investors Accelerate the Affordable Housing Crisis
Investor purchases accounted for 24 percent of all residential real estate sales in Boston in the fourth quarter of 2022. A 10 percent tax on those sales could yield $82 million in revenue.
