Twelve U.S. Billionaires Have a Combined $1 Trillion
A disturbing milestone in the concentration of U.S. wealth
A disturbing milestone in the concentration of U.S. wealth
With fortunes inflated by corporate welfare, wealthy real estate owners can afford to cancel housing-related expenses and debts for millions of struggling American families.
Promises of scholarships are very compelling to 17-year-olds, especially those without a lot of other options.
If policymakers care about motivating people to work, they should focus on raising the minimum wage and giving workers a voice in decisionmaking.
Almost all growth in charitable giving has come from wealthy donors. Scott's actions offer a possible path forward in an age of top-heavy philanthropy.
The growing concentration of wealth and power is distorting philanthropy and imperiling our democratic institutions.
Means-tested cash transfer programs are leaving huge numbers of the poor in Jordan, Palestine, and Lebanon without the help they need during the crisis.
Stocks are soaring, auctioneers are hammering, and the awesomely affluent are feeling no pain.