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On a Rogue Billionaire the Banging Begins

Investor Warren Buffett last week made an insightful case for higher taxes on America's rich. The reaction to that case, from our wealthy's most ardent defenders, offers insights, too — on our plutocracy. In the United States today, phenomenally rich people pay a...

Look Out Here Comes the ‘Feral Underclass’

What made last week's rioting in London all the more 'achingly sad'? The rioters weren't challenging greed. They were celebrating it. We really need to understand why. Oppressed people riot. Oppression and rioting have gone together for millennia. But the young...

Endless Political Paralysis The New Normal

The American political system isn't working for average Americans anymore. Don't blame the Tea Party, new political science research suggests. Blame inequality. In a sensible republic, democratically elected leaders come together in a respectful give-and-take to...

Doing Debt Ceiling Battle the FDR Way

At times of national fiscal crisis, President Franklin Roosevelt ever so firmly believed, you don't give the awesomely affluent a free pass. You pound them — and then you pound them some more. Against a Congress where zealously rich people-friendly conservatives hold...

Plutocracy and the Debt Ceiling Debate

Looking for a lesson in the goings-on in D.C. these days? Here’s one: The more our nation's wealth concentrates, the more our democratic give-and-take becomes all take — by the rich. Once upon a time in America, back a century ago, our nation's rich paid virtually...

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