$55 Billion in Stock Buyback Wealth for Google Oligarchs
A 1982 SEC rule change has turbocharged America’s extreme wealth concentration, adding $55 billion to the wealth piles of Larry Page and Sergey Brin alone.
A 1982 SEC rule change has turbocharged America’s extreme wealth concentration, adding $55 billion to the wealth piles of Larry Page and Sergey Brin alone.
After pocketing billions in U.S. taxpayer support, the semiconductor giant is planning to spend AI windfalls to enrich shareholders and executives.
Data shows that New York City has grown richer since the pandemic, but the gains have flowed overwhelmingly to the top.
Over 15 months and 22 states, I met families struggling with cuts to Medicaid and SNAP and the people refusing to let their neighbors face those struggles alone.
New York City’s $100 tickets for 1,000 residents offered a small experiment in economic democracy — and an effort to keep the tournament within reach of the working class.
Higher fuel and food prices are on track to cost the average household over $1,300 by the end of the year.
A cadre of Californians opposing a ballot proposal to tax billionaires have seen their personal wealth increase by over 64 percent in the last twenty months.
Governments are finally building a panel to measure the wealth gap. That's welcome, but the force closing it was never going to come from experts alone.
Gen Z-led protest movements are building on a long legacy of struggle against economic inequality.