If you worry about inequality, and if you want an end to grand — and dangerous — concentrations of income and wealth, pinch yourself. We have entered a new political […]
Back during the 1960s and 1970s, in cities, suburbs, and small towns across the United States, teacher strikes made headlines on a fairly regular basis. Teachers in those years had […]
Who gets taxed in the United States — and by how much — can change both drastically and fast. Back in early 1916, for instance, America’s richest faced income tax […]
Andrew Leigh, a member of the Australian parliament, has a side gig. He just happens to be a working economist. Other lawmakers may spend their spare hours making cold calls […]
Over recent years, environmental policy makers have essentially defined "the wealthy" at the level of the nation state.
Should Americans treat the nation's super rich as a distraction from more pressing concerns or a clear and present danger? No question may more deeply divide the opposition to Donald Trump, and the answer to that question, Gallup polling suggests, has changed significantly at the Democratic Party's ...
On Monday morning, November 26, the auto giant General Motors announced plans to shut down production at five plants in the United States and Canada and shear off 15 percent […]
Democrats now have a comfortable majority in the U.S. House. Can they use this to reach disenchanted non-voters? That all depends on their eagerness to think big and bold, and on their willingness to challenge the concentrated wealth and power that’s keeps things from changing.
Two meticulously sourced warnings about our shared global future have appeared over the past week.
Redistribution via the tax code, progressives on both sides of the Atlantic are realizing, only takes us so far. We need to start limiting inequality before it can dig in. The UK Labour Party has just unveiled a fascinating proposal that moves us exactly in that direction.
An economy only deserves celebrating when people with full-time jobs are taking home rising paychecks.
How can we tell when a democracy evolves into a plutocracy? Easy.
Corporate boards are asking us to blame sky-high CEO pay on the laws of supply and demand. The actual arithmetic tells a completely different story. So let's focus on the real problems -- and real solutions, like the notion of a maximum wage.
The United States ended the 20th century on a roll — for the rich. Between 1973 and 2000, the nation’s most prosperous 1 percent tripled their incomes, after taking inflation […]
The U.S. Supreme Court’s decision against workers in the Janus vs. AFSCME case surprised no one who pays attention to America’s highest judicial panel. Every analyst following the case expected […]
Any city — any society — that lets the rich keep as much as they can grab is asking for big-time trouble, as a compelling new profile of life in New York -- for the non-rich -- makes compellingly clear.
The American economy rests ultimately on trust, a mutual understanding between employers and employees that each side, in the end, will behave honorably. A fair day’s wage, as the classic […]
U.S. chief execs don’t just make significantly more than their peers in other nations. The corporations they run pay their workers significantly less.
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.