All those official government stats on the maldistribution of wealth in the United States — and the world — vastly understate the actual extent of our contemporary inequality, says a blockbuster new study on global tax havens.
America's revolutionary generation, new research documents, lived in a society much more equal than our own. And early Americans prized that equality, an inconvenient reality for conservatives today.
Robin Hood would not be happy if he happened upon our incredibly top-heavy modern world. But the new campaign to levy a tax on speculative trading would most likely have him breaking out in smiles.
The Federal Reserve has once again counted up America's personal wealth — and omitted the nation's 400 richest from the final tally. But the new figures, even with that omission, show a divide still deepening.
All those millions that America's billionaires are pouring into super PACs, where do they come from? We can trace a huge chunk of that political cash to the truly massive tax cuts our richest now enjoy. How massive? Over $25 billion a year -- for our most affluent 400 -- massive enough for you?
Wisconsin’s capitol continues to reverberate with the sound and fury of workers and students united — against the 'Mubarak of the Midwest' and the wealthy he so diligently shields from any inconvenience.
Sugary soft drinks, as Michael Bloomberg reminds us, do our nation no good. But if we really want to narrow our waistbands, we’re going to have to narrow the income gaps that divide us.
A perfectly respectable business panel is urging corporate boards to ditch the ridiculous rationalizations for CEO pay excess and narrow the gargantuan corporate pay gap. Step one: end CEO stock options.
Facebook's initial public offering last week 'offered' the world another double dose of windfalls and greed. But Egypt's elections this week may bring an IPO of a different sort, the 'initial public offering' of an antidote to avarice.
A string of surprising 'say on pay' votes has some executive pay critics sensing an impending revolution in corporate boardrooms. But that 'revolution' won't amount to much until mainstream CEO pay reformers start factoring worker pay into the corporate compensation equation.
From Manhattan to Monaco, the world's super rich are fashioning themselves into a new global tribe of footloose and stateless. The rest of us get to gawk — and foot the ultimate bill.
Bits and bytes would be doing a lot more to help make our lives less nasty, brutish, and short if we shared wealth as routinely as bandwidth. From San Francisco, a new lesson in that reality.
Over two years ago, the IRS announced an ambitious new effort to subject the super rich to unprecedentedly intensive audits. How's that effort working out? Most lawmakers would rather you not ask.
Even rich people sooner or later have to drive over bridges. So why aren't the wealthy screaming about America's inadequate — and increasingly unsafe — basic infrastructure?
President Obama has proposed a specific new minimum tax rate for millionaires. Should America's rich feel angry or relieved? We check the IRS tax data archives for an answer.
Can democracy, one top political scientist asked last week, 'function effectively in a society marked by vast economic inequality'? The fate of the modest new White House bid to tax our rich may tell the tale.
At what point will our world wake up to the fantastically rewarding scam that our hedge fund masters of the universe have been running?
Behind this week’s record-smashing $2 billion-plus sale of the Los Angeles Dodgers, a global economy that’s enriching only the world’s super rich
We obsess over health care in the United States, because we all want to be healthy. In the process, new evidence suggests, we're ignoring the social dynamics that actually determine our health.
Austerity budgets are spreading everywhere, but wealth, new data show, has become more concentrated at the global economic summit than ever before. From Cairo to Palo Alto, even some conservatives are now talking wealth tax.
Great economic cataclysms have in the past knocked the super rich off their stride. Our Great Recession's deep pockets, stunning new income data show, are bucking the historical tide.
A tax-the-rich bombshell has dropped in the presidential race. The French presidential race. But this bombshell’s blast will almost certainly reverberate elsewhere. Maybe even in the United States.
If a blunder you committed cost your employer $4 million, how long would you stay employed? In America today, a CEO can cost his company $4 billion and still collect both a paycheck and a bonus.
Lawmakers make laws. They don't enforce them. Corporate America understands that difference — and exploits it with a relentless regularity. The latest case in point: the battle over outrageous CEO pay.
GOP White House hopefuls want taxes on the rich cut even lower than they've already been cut. What might a tax-the-rich-even-less future bring? The land of the kiwi offers one frightful answer.
Any resemblance between democracy and U.S. Presidential politics has become, in our new super PAC era, purely coincidental. The only mystery: Why aren't billionaires placing even bigger bets?
Changes in state tax laws now encourage America’s awesomely affluent to create “perpetual” trusts for their heirs.
The rich don't much like paying taxes when tax rates run high. They don't much like paying taxes when tax rates run low either.
Today's swaggering rich are increasingly stuffing their dollars into investments that do America's 99 percent not one whit of good.
Financial industry insiders are grousing about a big downturn in annual bonuses. They should be thanking the rest of us — bombshell new research shows — for their continuing awesome […]
One puts on football pageants. Another makes millions on a virtual farm. From Too Much, the Institute for Policy Studies inequality weekly, we present the year’s ten most avaricious. All […]
Today’s super rich can’t turn tin into gold. But they can get Uncle Sam to loan them free money. At the expense, of course, of America’s bottom 99 percent. How […]
Just 40 years ago, most Americans rubbed elbows with neighbors from a fairly wide cross-section of income levels. But today’s rich, Census data show, are keeping everyone else at arm’s […]
Another super-slick global financial analysis firm has just tallied how much net worth is sloshing around in the pockets of the world’s most spectacularly wealthy. So when will the time […]
The defenders of privilege just don’t seem to get it. In truly decent societies we measure success by how many people are leading rich, fulfilling lives, not by counting how […]
All sorts of federal agencies publish income inequality data. But only the nonpartisan Congressional Budget Office directly takes on America’s income inequality deniers. Back in 1979, America’s most affluent 1 […]
The power suits who run America’s biggest corporations, a new Citizens for Tax Justice report shows, are sidestepping about half the taxes our basic tax code says they ought to […]
Sam Pizzigati edits Too Much, the online weekly on excess and inequality published by the Washington, D.C.-based Institute for Policy Studies, where the following originally appeared. Can a small army […]
Students of modest means must pay a stiff price to build their capacity to contribute to society — and pay interest if they can’t afford that price. A one-time wealth […]
One luxury automaker is betting big that America’s affluent feel no responsibility to the greater society crumbling all around them. And lots of pols are making the same wager. Audi, […]