Over the course of her 96 years, Sylvia Bloom pinched pennies into a multi-million-dollar fortune, then gave that fortune away to help others.
In everything from transportation to banking, people of modest means end up worse off when societies let wealth concentrate at our economic summit.
As a society, we simply do not want to believe that our rich may have gained their riches through exploiting others or rigging our economy or just finding themselves in the right place at the right time.
The orthodoxy that dominates today’s Republican Party — and the ranks of “business-friendly” Democrats — rests on a simple approach to economic policy. Let’s be nice, this orthodoxy holds, to […]
A Congressional Budget Office report once again reveals a rich outpacing — by a wide margin — everyone else.
Societies where large numbers of people live in constant danger of falling into poverty, new evidence shows, concetrate more wealth at the top. The deeply unequal United States has four times more economically vulnerable than Japan.
Who will bring to justice those who have profited the most royally from addiction? These drug pushers have caused hundreds of thousands of deaths, enough fatalities to actually decrease U.S. life expectancy for the past two years running.
Living paycheck to paycheck can strain even the most loving of relationships. But as former billionaire Tim Blixseth learned the hard way, spectacularly large paychecks can doom loving relationships right from the start.
Transportation officials are raising tolls astronomically to change commuter behavior and "share" the costs of infrastructure. Changing our nation's top-heavy distribution of income and wealth would help a good bit more.
Oxfam's eye-popping report on the growing gap between the world's richest and poorest offers not just laments, but some attainable strategies that can make societies fairer for all, if our leaders would only follow their advice.
What separates the awesomely affluent from the rest of us? Privilege, opportunity, luck, or all three? And what do they owe the rest of society? The incredibly lucrative career of retiring Google exec Eric Schmidt offers us some clues.
A new global CEO pay comparison, the most rigorous and comprehensive yet, demolishes the standard-issue corporate rationale for America’s over-the-top executive compensation.
The GOP's House and Senate conferees, everyone imagined, would make a compromise on tax cuts that fell somewhere between their plans. They did no such thing. They simply found a way to give even more to America’s super-rich.
New research from three top inequality analysts shows government policies since 1980 have systematically failed America’s poor. The GOP tax plan re-engineers government to fail America’s middle class, too.
Average Americans today are facing an elite hellbent on a tax “reform” that funnels new fortunes to the already fortunate. In 1932, Americans faced the same scenario — and dealt their elite a history-shifting defeat. Could history repeat?
The world has never been richer, says Credit Suisse. Net worth worldwide has jumped a remarkable $16.7 trillion over the past year. So why aren’t people worldwide cheering? That money has benefited only a precious few.
Phil Murphy, New Jersey's governor-elect, is the latest alum of Wall Street powerhouse Goldman Sachs to join government. Unlike his GOP peers, he promises to help workers and families. Will this help his troubled state? Only time will tell.
Lawmakers ought to make improving Social Security, not enriching the rich, the goal of tax reform. What the White House calls “tax reform” favors the rich so much, the rest of us ought to call it an outrage.
The deals that deep pockets can snatch up right now on luxury private jets have never been sweeter. The reality of what that means — for the rest of us — could hardly be more bitter.
New figures on incomes and tax havens reveal a United States pulling ever further apart. Wages are going nowhere, and huge chunks of grand American fortunes are hiding overseas.
Who benefits most from Wisconsin’s huge new tax subsidy for Foxconn, the Taiwan-based electronics manufacturing giant? Not workers, or the taxpayers who will foot the bill. Meet billionaire Terry Gou.
The Democrats' just-unveiled ‘Better Deal’ agenda features a job-training proposal that demands less from CEOs than the job-training proposal Bill Clinton ran on a quarter-century ago.
The United States, the “wealthiest country in the history of the world," has the highest level of inequality among the world’s major industrial nations. And the U.S. government is letting that inequality get worse on every major front.
The gutting of Sears - once America's largest retailer and a progressive employer - tells a disturbing tale about what happens when society allows CEOs to enrich themselves, rather than share success with their workers.
In 1776, we actually had a sizable number of rich people who challenged the notion that the rich have a natural right to rule. Now we have a president who considers governing to be like Mar-a-Lago, an exclusive enclave for the rich.
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.