The staggering gulf between the rich in America and everyone else is the root cause of our financial crisis. We can only stimulate the economy if we solve inequality.
There would have been no sub-prime mortgage crisis had there not been poor families with unstable jobs to trick with bad loans. more »
Has any year ever showcased greed as dramatically as 2008? We sift through the avarice to bring you the lowlights — and a little hope for a less greedy 2009.
Between 1960 and 2004, the average tax rate fell by nearly 14 percentage points for the top 1% of earners, while it has increased slightly (from 15.9% to 16.1%) for earners in the middle 20%.
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