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 many people are becoming rich beyond measure.
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 tax could apply this same principle to America's rich.
Pundits and politicians love to righteously denounce the windfall rewards that go to corporate CEOs who 'fail.' But windfalls for CEOs who 'perform,' researchers suggest, ought to worry us far more.
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.
The Census won't count it. The IRS won't tax it, at anywhere near full freight. What is it? It's enough, all by itself, to keep grand fortunes constantly soaring.
Mainstream economists all around the world used to assume that equality acted as a drag on economic growth and development. Not anymore, as new International Monetary Fund analyses make quite clear. U.S. politicos, of course, have yet to catch up to the new global consensus.
Not all plutocrats scheme in the shadows like the rabidly right-wing Koch brothers. We need to learn how to recognize plutocracy's more subtle putches. The best primer? The battle over education's future.
A new report from the Institute for Policy Studies documents how America's top corporate execs are stiffing Uncle Sam — and lavishly lining their own pockets in the process.
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