From hiking trails in Oregon to boardrooms in Berlin, critics of our staggeringly unequal corporate order are calling for new limits that link executive compensation to worker paychecks.
. . we would have a fascinating, first-hand history of the roller-coaster first century of the modern federal income tax. Industrialist Frederick Peabody started building this manse of his dreams in 1913, the same year the federal income tax started biting into the nation’s highest incomes.
The world’s wealthy gathered in the Alps again last week to discuss how to ‘solve’ the world’s problems. The world’s biggest problem, suggests one top global anti-poverty outfit, may be […]
How do unequal societies solve the problems — like traffic congestion — that make us miserable? They come up with solutions that make life easier for rich people. Politicians and […]
Can a democracy survive if the richest of the rich within it can pass on to their heirs, generation after generation, the vast bulk of their fortunes? In the United […]
The Bush years gave America’s rich new and unprecedented preferential treatment at tax time. The fiscal cliff deal enacted in the early moments of 2013 leaves that preferential treatment in […]
Some of today’s most greedy are running giant multinationals. Some are just running their mouths. Their stories remind us just how much needs to change, economically and politically, in the […]
The political friends of America's rich aren't aiming to convince us that higher taxes on the nation's highest incomes make no sense. They're just hoping to keep us distracted.
How much can a billion dollars buy? The undivided attention of America’s entire political and chattering classes. Case in point: our ongoing national fixation on debt and deficit. Down through […]
Americans today can take more than inspiration from the struggles against plutocracy that progressives waged years ago. They can take a host of still relevant — and cutting-edge — policy proposals.
Yes, the poor have struggled mightily while our rich have become phenomenally flush. But middle-income Americans haven’t been able to jump off the treadmill either. We’ve all heard plenty of […]
We’ll never know exactly how much America’s super rich pumped into the 2012 elections. Hundreds of millions in “dark money” — contributions laundered through hyper-politicized nonprofits like the U.S. Chamber of […]
Americans haven't heard much at all from Joe the Plumber this election cycle. A shame. Without his rants against sharing the wealth, no one's bothering to debate how desperately America really needs to be sharing. And how desperate has our maldistribution of wealth become?
Candidates this fall are taking plenty of pokes at the financial industry's best and brightest. But they could be doing a lot more than poke. They could push to start taxing Wall Street.
Federal regulators have actually been cracking down somewhat lately on financial industry fraud. But the power-suited executives responsible for that fraud are still paying no personal price.
America's billionaires have realized they really don't have to bother convincing a majority of people to vote their way. They can put their cash instead into campaigns to keep the hard-to-convince from voting.
In real life, working hard only takes you so far. Those who go all the way — to grand fortune — typically get a substantial head start. So documents an entertaining, baseball-themed new analysis of the Forbes 400.
In any society where wealth and income concentrate overwhelmingly at the top, the affluent will almost always come to sneer at public services and the men and women who provide them. In Chicago, those men and women have pushed back.
Corporate execs and billionaire ideologues are creating — at taxpayer expense — a network of schools where learning takes a back seat.
In our current economic and political environment, we're letting top corporate executives expropriate our public 'property' for private gain. The resulting rewards, for both corporations and their CEOs, can be immense, as the recent Apple patent triumph over Samsung so amazingly demonstrates.