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.
On this month’s 50th anniversary of one of the all-time edgiest Beatles tracks, our super rich have a special reason to look back fondly on the lads from Liverpool.
The two Democratic Party White House hopefuls agree on cutting back on the after-tax incomes of America’s rich. A recently released analysis shows they disagree significantly on just how much.
Conservatives who worry about government "red tape" smothering "freedom" need to take a closer look at our great economic divides. And if they did, they'd start supporting America's trade unions instead of trying to subvert them.
Just a busload of billionaires, says Oxfam, now hold as much wealth than the entire bottom half of humanity. The elites now at Davos could, if they so chose, start steering that bus in a different direction.
In our deeply unequal times, historian Edward O’Donnell reminds us, the life of the 19th century’s most important critic of concentrated wealth remains as relevant as ever.
Startling new data from the National Academy of Sciences suggest that extreme inequality may be exacting a much steeper price – on our health – than we’ve up to now expected.
No 13-digit fortune has yet appeared on the horizon. But if we wait until we get close enough to see one, warns tax attorney and wealth analyst Bob Lord, we may find our plutocracy set eternally in concrete.
The federal Securities and Exchange Commission has just given Americans an official yardstick for measuring corporate CEO greed: the comparison between a company's median compensation for all its workers and CEO pay.
In any society that winks as great stashes of wealth amass at the top, philosopher Elizabeth Anderson reminds us, the wealthy will sooner or later see most of the rest of us as failures.
What do corporate chiefs want out of the latest global trade talks? A veto over government decisions that complicate their profiteering. Will they get that veto? Labor analyst Thea Lee sees reasons they just might not.
A new online petition drive is protesting the incredibly high prices that enormously overpaid pharmaceutical CEOs charge for cancer drugs.
Should America’s taxpayers be subsidizing all those millions in compensation that CEOs are collecting? Rep. Barbara Lee from California doesn’t think so. Her bill addressing that problem has just been introduced.
Sometimes, CEOs don’t fight failure. They bet on it. Now the Securities and Exchange Commission is finally moving, ever so slightly, against wagers that reward CEOs when their companies fail.