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.
In an otherwise dismal election, progressive populist victories on state ballot initiatives to raise the minimum wage reveal a way forward for Democrats who are paying attention.
Economists come up with complexities when a shave with Occam’s razor is all that’s needed. The bargaining power of most American workers is at a historical low point. The best way to restore it is to get the economy back to full employment.
Imagine: The year 2034, late October. America is no longer dependent on coal and foreign oil, and the economy is nearing full-employment. Coincidence? Or the result of a sustained and major investment in clean energy?
The "Survey of Young Americans’ Attitudes Toward Politics and Public Service" asked the wrong questions, and thus fails to paint an accurate picture of the challenges that underlie millennials' political beliefs.
Here we are a week from the election and the public doesn't know that Republicans again and again and again filibustered and obstructed and sabotaged things that would help the economy.
Our society runs on a digital myth, a myth which says that the technology-based economy is different, special and somehow not subject to the principles of mathematics and human nature that govern the rest of our lives.
America’s most powerful economic policy maker dramatically charges that inequality is choking off opportunity for average families. Political candidates across the nation pay absolutely no attention.
Democrats should to learn a lesson from this year's election campaigns: Democrats should be Democrats. Democrats should not try to run away from the things Democrats stand for. It doesn't work.
A new poll shows Republicans about to pull ahead of Democrats among likely women voters. Our latest Populist Majority memo points toward how Democrats can keep a key part of their base in the fold.
Once again, the Waltons — the exploitative multibillionaire heirs to the Wal-Mart fortune — get the goldmine, while workers and taxpayers are stuck with the shaft. It's shameful. But shameful is one of Walmart's core values.
According to a new report, the richest one percent have got their mitts on almost half the world's assets. Think that’s the end of the story? Think again. This is only the beginning.
Both Wall Street and Main Street want action. They want incomes, consumer confidence and purchases all to rise, triggering business profits to do the same. They’ve recognized the enemy to their bottom lines.
Economist Emmanuel Saez's latest paper says that the share of wealth going to the bottom 90 percent has fallen to where it was in the 1940s, while the top tenth of 1 percent have levels of wealth last seen in the 1920s.
If Republicans take the Senate, they promise severe cuts – or just force the government to shut down. But Europe's tragedy shows that cuts kill economies. What will happen if we enter another recession?
Some economists blame upward redistribution of income, which reduces overall demand, for excessive unemployment. However, upward redistribution is only part of the explanation. The trade deficit is a much bigger part of the picture.