Presidential aspirants in both parties are talking about saving the middle class. But the middle class can’t be saved unless Wall Street is tamed. The Street’s excesses pose a continuing danger to average Americans.
McDonald’s is scrambling, and I’m not talking about eggs. Its McManagers illegally reduced the hours (and therefore the pay) of hundreds of those who joined the “Fight For 15″ campaign.
After five years of protests, demonstrations, and strikes, Greek citizens voted to throw off five years of austerity. Their victory has emboldened populists across Europe and should inspire Americans to resist austerity here at home.
President Obama's middle-class economics will be a hard sell. That’s because Americans have been force-fed that voodoo, greed-is-good, grovel-before-the-rich, trickle-down financial philosophy for so very long.
I will soon be introducing legislation for a $1 trillion investment to modernize our country's physical infrastructure. This bill will create and maintain 13 million good-paying jobs.
The House Democratic Party leadership made a remarkable step forward last week in putting out a proposal for a financial transactions tax. There should be no mistake; this is a really big deal for the financial industry.
A "blue-ribbon panel report" on our grand economic divide never gets around to recognizing that in order to save our democracy, we need to contemplate our plutocracy.
The House adopted a new rule requiring lawmakers to take long-term macroeconomic effects into consideration when voting on tax and spending bills. This "dynamic scoring" has little to do with the way the economy actually works.
What I could not even have imagined in the 1990s is that EVERY four-year period from 1985 until today has seen federal and household debt soar by more than the total nominal growth in GDP.
Hardly a week goes by in Washington without some a conference on inequality. Most of the discussion assumes that inequality is something that happened. Inequality is something that was done.
The AFL-CIO launched a campaign last week to wrench worker wages out of the muck and push them up.
Knowing my enthusiasm for the Green Bay Packers, a friend emailed me following yesterday's win to say: "It's always nice when a collectively-owned team beats one owned by a greedy mega-capitalist, who's beloved by Chris Christie."
Open, inclusive communities free of discrimination are critical to our national success and central to our values of equal opportunity for all. We've made significant progress toward that goal, but more work remains.
Two of the world's top progressive social scientists, the British epidemiologists Richard Wilkinson and Kate Pickett, reflect on how economic inequality poisons our lives — and how we might detox.
While legislative efforts to advance economic and social justice were thoroughly frustrated in Congress, there were true progressive victories in states and localities across America. Here are the Top 10 for 2014.
The Nobel Prize-winning economist says that through corporate consolidation and even gentrification, the elite are siphoning up all the world's wealth for themselves.
The Congressional Budget Office recently released an analysis that showed a brighter picture for middle-income families than other work highlighting stagnation. But it is worth looking at these numbers more closely.
Brilliant people with expertise and a willingness to serve the public is a good thing. It is something we want people to do. But the number of Citigroup and other Wall Street people in high positions of our government matters right now.
With the holiday season upon us, the time for end of year lists is fast-approaching. To beat the rush, today I give my list of the top dead and enduring myths of 2014.
With the passage of the spending bill, the keepers of convention – like The Washington Post editorial page – want applause for bipartisan achievement. But if that "spirit might flourish," most Americans will pay the price.
This year’s all-stars of avarice range in age from thirty-somethings to just shy of octogenarian status. They’re all doing their greedy best to keep our world a staggeringly unequal place.
With all of the bad stuff that is in the 2015 budget that the House struggled to pass late Thursday, there is also a major story to be told about what's not in the bill. In an ideal world, it would have been voted down.
The budget deal hammered out this week literally imperils the economy. Congress is doing Wall Street's bidding, and this agreement must be stopped.
A rising tide lifts all boats? New research and another dose of on-the-ground reality are shredding what little credibility the rationalizers of inequality have left.
America can’t tackle widening inequality without confronting the power and privilege lying behind it. If the Democratic party doesn’t lead the charge, who will?
We have a very serious problem of financial regulators who serve Wall Street and not the general public. Our financial regulators have done a terrible job for everyone except the people they are supposed to be regulating.
America’s 400 richest are collecting far more of the nation’s income than they did two generations ago — and paying Uncle Sam far less. To fudge these facts, pals of plutocrats are having to work overtime.
The skyline of New York, and the shadows it casts on all things public, is a physical reminder of how wealth and power get their way without regard for the impact on the lives and neighborhoods of everyday people.
Some of the special tax breaks in the extenders package are really good and serve an important purpose. Others include loopholes that actually encourage corporations to shift U.S. profits offshore into tax havens.
December will mark the seventh anniversary of the recession brought on by the collapse of the housing bubble. Usually an economy would be fully recovered after seven years. Unfortunately, this is not close to being the case now.
The kingpins of Congress have spent years carving tax loopholes that help America’s CEOs fleece the federal treasury. Now these kingpins are pushing a corporate tax ‘reform’ that ignores the loopholes.
The New York City mayor offers a blunt critique of the midterm elections and shows how cities can set the pace for a progressive transformation of our national politics.
Walmart avoids paying on average $1 billion a year in federal taxes through aggressively exploiting tax loopholes, according to a report released today by Americans for Tax Fairness.
By Friday afternoon, we had met with Federal Reserve Board Chair Janet Yellen and – amazingly – seen that the Federal Reserve is already changing its policies in response to our campaign.
The nonpartisan Congressional Budget Office has just released its latest appraisal of America’s income breakdown. Whatever yardstick you use, the CBO study makes plain, the rich are winning. Big.
Americans want what 21st century politics has so far not delivered: real options for challenging concentrated wealth. That's one conclusion from new polling that gave Americans a choice of seven tax policy options.
For all the talk of change in Washington, families are getting squeezed by an economy that isn’t working for them. The solution requires recognizing the kind of changes needed if families are going to get a shot at building a secure future.
Any deal that in exchange for funding infrastructure lets these companies off the hook for these taxes they already owe rewards these companies for engaging in these schemes and scams.
This election wasn't just a failure for Democrats. It was a failure for democracy. Things won't change until we learn a lesson from the Election That Never Was.
Underneath it all, this election was a statement by people against an economy that is not working for them. Democrats failed to deliver a better economy and a better life for most people, and voters held them accountable.