Jeffrey Immelt, General Electric's retiring CEO, once decried the ways corporate America outrageously rewards "meanness and greed." As he steps down with a $211 million bonus, he's his own worst nightmare.
We need to do more than assail the heartless new Trump administration budget. We need to understand its deep roots in our chronic and continuing maldistribution of income and wealth, and the ways we justify this inequality to ourselves.
American taxpayers subsidize windfalls for executives at low-wage employers like Walmart by helping them avoid paying $6.2 billion in benefits. Here’s a promising idea from across the pond that could help reverse how the subsidies flow.
Former Washington insiders with long memories, like Sen. Bill Bradley, love to lament the fading of the bipartisan spirit. They ought to be lamenting the fading of the equality they so lamely defended.
Airline execs see average passengers as little more than sardines to be squeezed, as they cut costs to boost returns. Taxpayers subsidize this. Will United's now-infamous aisle drag upset the public enough to rein in this gravy train?
The deepest of our deep pockets are now pumping millions into immortality research. Should we be amused — or alarmed?
A new White House executive order lets corporate execs violate worker-protection laws on wages, hours, and safety and still qualify for federal contracts. No strings attached.
Michael Piwowar, acting chair of the Securities and Exchange Commission, wants to roll back SEC enforcement of rules on transparency at public companies. Now Senate Banking Committee members say he may have gone too far.
If you don’t pay me $230 million, the new CEO at railroad giant CSX warns, I’ll walk away, and let your workers keep their jobs. He means it. At his previous CEO stop, Hunter Harrison cut another railroad's workforce by 34 percent.
The new administration paints foreign aid as a devastating drain on America’s treasure, that could be better spent at home. But generosity isn’t killing the American dream; inequality is.
The White House wants to see local cops get tough with poor people who break federal laws on immigration. Why not crack down on the rich who scoff at federal tax laws?
Right-wingers are celebrating a depressing new history of those rare moments when wealth became better distributed as activists are exploring encouraging pathways to a New Economy that sustains our planet and fosters equality.
Fortune 500 CEOs make twice as much in a month as U.S. workers make in a decade. But any move to require corporations to document that disparity, a new Trump appointee likes to argue, would be shameful.
The deeply unequal America of 2006 had a greater proportion of low-wealth households than the America of earlier postwar decades — and that contrast turns out to really matter during economic downturns.
For us, another day, another dollar. For them, another day, another fortune. And another reason we need to start exploring the notion of a surtax on excessive CEO pay.
]At the annual World Economic Forum, dancing Cossacks and mixologists give the private jet-set the inner strength to endure the preachy naggers.
The leader of the British Labour Party has just outlined an ambitious set of proposals for shearing the incomes of the ultra rich down to more democratic proportions.
With a new Congress and White House committed to wealth’s concentration, we’ll sorely miss the scholar who dedicated his life to documenting wealth’s maldistribution.
No president has packed his cabinet with more bigwigs than president-elect Donald Trump. Do the corporate chiefs now parading into the new Trump administration see the United States as just another enterprise — to fleece?
In the years right after World War II, average Americans got ahead. Now Americans are getting headaches — from a ferociously top-heavy distribution of the nation’s income.
Only in America, new stats show, could packing an incoming administration with gazillionaires be so easy.
Our super rich have their own personal trainers, chefs, and pilots. Maybe we should give them their own personal tax collectors.
America’s next secretary of commerce may be a private equity kingpin who owes his ample fortune to a career of manipulating the misfortune of America’s workers.
Could the resounding Election Day victory of a state tax initiative signal an impending surge for a new national egalitarian politics?
Have you been keeping your own personal list of issues that should have received some attention in this year’s election campaigns but didn’t? Here’s one issue you may have overlooked: America’s incredible housing squeeze.
America’s top earners could be rushing to maximize their 2016 income after Election Day in November. But what happens next will be what really matters.
Social scientists are starting to place the lives of the wealthy under the same microscope formerly trained on primitive tribes in Borneo. Could their research ever help us understand phenomena like the ugliness of the Donald?
In 1944, the year billionaire investor Warren Buffett first paid income tax, the U.S tax code ‘soaked the rich’ to an amazing degree — and the nation benefited mightily from all the soaking.
The newly released list of America's 400 richest only tells part of the story of just how staggeringly unequal the United States has become.
We're all today living in an epoch of epic squandering. And government, despite what Donald Trump would have us believe, isn't leading the way.
Wells Fargo has just been hit with the biggest banking consumer fraud penalty ever. Yet the bank’s execs are walking out the door with multiple millions in bonuses. Can we stop them?
The world’s first great analyst of management urged us to limit the gap between CEO and worker pay. We didn’t listen. How many more life-threatening scandals like EpiPen must we have before we do?
In effect, Mylan execs have been emptying the pockets of allergy sufferers to make themselves considerably richer. But drug company executives didn’t use to have the same powerful motive to do that as they do today.
For today’s top corporate executives, the contemporary corporation has become a personal ATM — with no limits on withdrawals. But the UK Labour Party may soon have a useful antidote in the works.
Lobbyists for America’s grandest fortunes may want to raise their rates. Capitol Hill is getting a gadfly who can really sting – the man who exposed the "carried interest" loophole.
No one will ever run the 100-meter dash in less than five seconds. And no one, the story of Brazil’s 21st century suggests, will ever end poverty while ignoring grand fortune.
Billionaire banker Jamie Dimon says he’s fighting inequality. If we take him in the least seriously, the joke — and much worse — will be on us.
We all know what happened in the City of Brotherly Love 240 years ago on July 4. Maybe we should also pay some attention to what took place there two months later as we consider the state of our economic inequality.
A slick new ad campaign from America’s most notorious billionaires is tugging at our heartstrings — and distorting the debate over inequality. The good news? We have a new antidote.
Can we conquer disease without concentrating wealth in a precious few pockets? Not-so-distant American history offers a clear and encouraging answer. The victory over polio a half-century ago created no billionaires.