The "average" U.S. family is doing just fine, says the Federal Reserve's latest portrait of household wealth. But typical Americans, other numbers in the report make clear, are struggling something awful. What's up here?
An obscure provision in the Affordable Care Act, a new report details, raises taxes on firms that overpay their top execs. The only problem: The provision so far only applies to corporations in one industry.
America's top central bankers didn't make time for inequality at their annual hobnob last week. Over in Germany, the world's Nobel Prize winners in economics did. But few Americans noticed.
Wealth's current tilt to the top sometimes seems almost eternal. But can our economy ‘self-correct’? A provocative new paper out of the developed world's official research agency contemplates our tomorrow.
A leading conservative academic is charging that critics of America's top-heavy distribution of income and wealth are missing the bigger picture. In the process, progressive economists point out, he's only fogging that picture up.
Narcissists don’t happen to be particularly nice people. They preen. They grab. And they never ever really feel our pain. New research shows that extremely self-centered people also don’t make particularly effective corporate CEOs.
The outsourcing of public services to private go-getters has concentrated wealth the whole world over. The best answer to that concentration? That just may be new forms of public ownership.
More than enough, the latest statistical evidence suggests, to warrant a full-fledged federal search. A new banking law in effect this month could start that search in the right direction.
Workers in the United States don't make double what workers make in Japan or Switzerland. Why should U.S. CEOs routinely make double — and often much more — than Japanese and Swiss top execs?
A key keeper of the market fundamentalist flame, the Heritage Foundation's Stephen Moore, wants us to know that all his rich and powerful red-state pals really do care about income maldistribution.
Wage squeezes, share buybacks, and tax subsidies, three new progressive think tank studies show, are all combining to keep America's high and mighty ever higher and mightier.
Almost every day, the headlines remind us how outrageous CEO pay in America has become. Will these outrages ever end? Congress give us no cause for optimism. But at the state level we actually may be in for a pleasant political surprise.
Amid all the financial squeezing at state universities, a new study shows that the more students lose out and faculty feel chronically frustrated, the grander the rewards university presidents reap.
Could the classic conservative put-down of progressive policy become a strategic template for attacking CEO pay excess? Legislators in California and Rhode Island may soon find out.
The CEOs of America's 20 largest restaurant chains must be providing diners some mighty fine service. Their 'performance' is costing Uncle Sam nearly a quarter-billion dollars a year.
You don't have to be a rocket scientist to be able to demonstrate the link between inequality and catastrophic environmental change. But a little help from rocket scientists can certainly help.
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.