Baseball’s top hitter and Wall Street power suits both ply their trades in a high-speed world. That hitter will make over a quarter-billion in the next decade. The top suits stand to ‘earn’ astonishingly more.
The recently departed heiress Bunny Mellon – “the last standing true American aristocrat” – didn't promise us a rose garden. She gave us one. We would have been much better off with more equality instead.
The chase after the super rich is leaving the world’s choicest cities nastier places to live for anyone without a grand fortune. Any city “in thrall to money and greed,” one newspaper warns, is inviting “nightmarish consequences."
Let's learn from our not-so-distant past and share the gold. New technologies don't have to bring us new inequities. The prime example from our past: The advent of television in the decade right after World War II.
A prominent conservative in Congress has released a tax reform package that actually will not leave the rich significantly richer. Should progressives be grateful for small blessings — or suspicious? Or both?
Why should moving data around be any different from moving people? No private party, the latest Comcast merger ought to remind us, should be allowed to get rich off a basic public trust.
Equal pay for equal work? We still haven't arrived at that destination. Decent pay that reflects the dignity of all who labor? In today's America, we've barely even begun that journey.
On Valentine's Day and every other, those arrows aren't hitting their lovelorn targets the way they once did. The reason? New research is pointing to our unconscionable – and still growing – economic divide.
In the fierce debate over our top-heavy distribution of income and wealth, egalitarians have vanquished both inequality's deniers and defenders. Now the debate is shifting to the most pivotal question of all.
At the annual Davos retreat of our global elites, the world’s wealthy have just spent a week wringing their hands over widening inequality. The irony? We essentially owe this widening inequality to their relentless behaviors.
A new Toronto-based campaign is aiming to change the global conversation on CEOs, workers and labor's real value, certifying enterprises that pay their top execs no more than eight times their lowest-paid workers.
In the year ahead, nurses in Massachusetts and campus activists in Maryland just might jump-start the struggle against America's chronic — and growing — income inequality.
Nurses, philosophers, and trade unions have over the past 12 months all shared some fascinating ideas on how we can make our societies much more equal — and much better — places to live.
Butchers, bakers, and candlestick makers. You won't find any of them in this latest annual list of America's most relentlessly avaricious. You will find wheelers and dealers and even a candy store heiress.
What makes a society a fun place to be? Really nice weather and exciting nightlife options certainly help. So does avoiding a starkly skewed distribution of income and wealth, suggests a noted World Bank economist.
In plain yet powerful language, Pope Francis is challenging the givens of our deeply unequal world — and helping inspire resistance to it. His new "apostolic exhortation" offers a surprisingly wide-ranging critique of our unequal status quo.
America's corporate CEOs feel entitled to pensions that pay out $86,000 monthly. To protect their entitlement, they're attacking ours: Social Security. But a new report neatly exposes the monumental hypocrisy of their legislative assault.
Young activists in Switzerland have plutocrats hyperventilating — and spending a fortune to beat back a ballot initiative that would establish a legal limit on the pay gap between top execs and their workers.
Americans are gaining, ever so slowly, a more accurate picture of just how wide the gap has stretched between the nation's most fabulously privileged and everyone else.
People who cut food stamps — and gut child labor laws — most all had empathy when they came into the world. So what squeezed the empathy out? Analysts are pointing to inequality.
America's top execs don't have the time to celebrate. They're too busy waging a corporate holy war against what may be the most promising check yet on executive pay excess.
A tiny tax on global personal wealth over $1 million could ensure that no child anywhere on the planet has to live in extreme poverty.
If the Supreme Court chooses to erase our remaining post-Watergate campaign finance reforms, Richard Nixon's scandalous reign may come to seem — thanks to growing inequality — mere kid's play.
Executives at private companies with federal contracts are getting rich off our tax dollars — at the expense of their low-wage workers. But we can turn the tables. Here's how.
Exactly a hundred years ago, decades of progressive struggle finally paid off and outfitted America with a tool for braking the unlimited accumulation of grand private fortune.
The exceedingly comfortable who sit in America's richest 1 percent have nearly fully regained the outsized share of the nation's income they held just before the economy cratered five years ago.
America's corporate chiefs deserve all their hefty rewards, we're constantly advised, because they take hefty risks. And what exactly are these richly rewarded corporate chiefs putting at risk? Our retirement security.
Over the last 20 years, the annual lists of America’s highest-paid chief execs — our corporate ‘best and brightest’ — have included an amazingly high concentration of outright frauds and flops.
Back in Al Capone’s day, Prohibition helped give rise to a rash of epic crime-boss fortunes. On Wall Street today, deregulation has spawned an entire new generation of fabulously rich racketeers.
Voters of modest means outnumber voters of excessive means in every election. Yet public policy in America essentially comforts only the already comfortable. Four political scientists, flush with new data, have an explanation.
Let’s talk life expectancy. The stats first. They tell a shocking story: Americans now live shorter lives than men and women in most of the rest of the developed world. And that gap is growing.
A rather ruthless billionaire has grabbed one of the world's great newspapers. But you don't have to be a high-tech plutocrat, the paper's previous regime has demonstrated, to help make our world more unequal.
To protect our health, we’ve learned to have our ‘vital signs’ taken. But no visit to a doctor’s office can tell us the vital signs that determine where on earth […]
The ‘market’ isn’t working for working people. The rich have rigged the rules. We ought to keep trying, of course, to reduce the resulting inequality. But why not, unions are […]
House Republicans, with help from some Wall Street-friendly Democrats, are rushing to repeal the most promising Dodd-Frank Act check on excessive executive pay. You won’t believe their rationale. Only 10 […]
Let's place private corporations with government contracts under surveillance — to make sure no one is getting rich off our tax dollars.
For the grasping managers of Corporate America — and the institutions their wealth dominates — no workers deserve dignity, not even the most amazingly accomplished. Locked-out musicians of the Minnesota […]
America’s deepest pockets, a new report shows, are saving big bucks from the U.S. tax code’s wide assortment of income tax breaks. They’re saving even more from the absence of […]
High-profile federal prosecutions of America's hedge fund managers only hint at the crime and ethical misbehavior rampant in America's most rewarding high-finance suites.