Racketeering Then and Racketeering Now

Back in Al Capone’s day, Prohibition helped give rise to a rash of epic crime-boss fortunes. On Wall Street today, deregulation has spawned an entire new generation of fabulously rich racketeers.

Why Can’t Democracy Trump Inequality?

Voters of modest means outnumber voters of excessive means in every election. Yet public policy in America essentially comforts only the already comfortable. Four political scientists, flush with new data, have an explanation.

A Congress Only CEOs Could Love

House Republicans, with help from some Wall Street-friendly Democrats, are rushing to repeal the most promising Dodd-Frank Act check on excessive executive pay. You won’t believe their rationale. Only 10 […]

Why We Tax: A Timely Reminder for Tax Day

Media darling Rand Paul is doing his best to end progressive taxation in America. Randolph Paul, over a half-century ago, helped make progressive taxation a prime building block for America’s […]

Why Aren’t More of Us Protesting Inequality?

Egalitarian-minded academics have just subjected a central political question of our time to some rigorous research scrutiny. What they've found: More knowledge about our economic divide can change how people feel about inequality, but not necessarily what they do.

From Inequality, We Can’t Take a Vacation

What more vivid symbol of the indignity our corporate-driven inequality imposes than the Carnival Triumph. Thousands of people adrift, going nowhere in a nightmare of sewage and stench, while a billionaire chief exec sits faraway in a courtside seat and cheers.

If This Southern California Mansion Could Speak . . .

. . we would have a fascinating, first-hand history of the roller-coaster first century of the modern federal income tax. Industrialist Frederick Peabody started building this manse of his dreams in 1913, the same year the federal income tax started biting into the nation’s highest incomes.

Election 2012 and Our Sensible Super Rich

We’ll never know exactly how much America’s super rich pumped into the 2012 elections. Hundreds of millions in “dark money” — contributions laundered through hyper-politicized nonprofits like the U.S. Chamber of […]

Joe the Plumber, We Miss You!

Americans haven't heard much at all from Joe the Plumber this election cycle. A shame. Without his rants against sharing the wealth, no one's bothering to debate how desperately America really needs to be sharing. And how desperate has our maldistribution of wealth become?
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