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Tag: 1 Percent


The Mainstream Media’s Big Disconnect: Why They Don’t Get Middle America

The top journalists covering the elections are out of touch. No wonder they’re missing this year’s big stories.

Posted on Apr 24, 2016 READ MORE


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More Names Surface in Panama Papers Leak, but Still No High-Profile Americans

Despite the heavy media coverage of the tax-havens disclosure, few Western elites have been named at this point.

Posted on Apr 7, 2016 READ MORE



Corporate Media Gatekeepers Protect Western 1 Percent From Panama Leak

The massive release of documents is a wonderful thing, but do not expect a genuine exposé of capitalism. The dirty secrets of some corporations will remain unpublished.

Posted on Apr 4, 2016 READ MORE



Top 10 ‘Luxury Items’ to Tax in Addition to Tampons

Across the United States, tampons and other feminine hygiene products are being taxed as luxury items, an entirely appropriate idea when you consider what a luxury having your period is.

Posted on Feb 12, 2016 READ MORE


VIDEO: Bernie Sanders and Larry David on SNL Together Was as Hilarious as You’d Imagine

Comedian David dedicated a long bit on “Saturday Night Live” to a mashup of his character on his HBO show “Curb Your Enthusiasm” and the Bernie Sanders presidential campaign. And that’s not all that happened.

Posted on Feb 7, 2016 WATCH & LISTEN



Credit Occupy in Bernie Sanders’ Surge

What began in 2011 as a movement against income inequality has morphed into burgeoning support for a presidential candidate who is passionate about economic justice.

Posted on Feb 4, 2016 READ MORE


VIDEO: Trevor Noah Admits He Agrees With Bernie Sanders’ Economic Plans to Tax the Filthy Rich

Now that the “surging Sanders” is starting to reveal himself as a strong contender for the Democratic nomination in the polls, “The Daily Show” decided to give viewers a brief primer on who the Vermont senator is and what he stands for.

Posted on Jan 13, 2016 WATCH & LISTEN



The Winner of the GOP Debate: Foolish Economic Policy

The real headline from this week’s Republican debate wasn’t that the candidates clashed over immigration and national security. It was that they agreed on economic policies that have proved unpopular and unwise—and that may make the eventual nominee unelectable.

Posted on Nov 12, 2015 READ MORE



Donald Trump Proves What’s Wrong With Bankruptcy Laws in America

Bankruptcy was designed so people could start over. But these days, the only ones starting over are big corporations, wealthy moguls and Wall Street bankers, who have had enough political clout to shape bankruptcy laws (like many other laws) to their needs.

Posted on Oct 4, 2015 READ MORE



The Fight Over Obamacare Was a Giant Political Charade

Now that the Supreme Court has preserved the Affordable Care Act and private insurers have won, the real battle for single-payer health care must begin.

Posted on Jul 2, 2015 READ MORE


Moochers and Takers









Posted on May 21, 2015 ENLARGE



The Average American Has No Idea Just How Extreme Income Inequality Truly Is

Most of us suspect the rich have a great deal going for them, but it may be even more obscene than we imagine; it may be unwise for the gay-rights movement to focus too much attention on the Indiana Religious Freedom Restoration Act; scientists have figured out which neurons signal pain and itching. These news items and more.

Posted on Apr 2, 2015 READ MORE



How the Rise of the Working Poor and Nonworking Rich Is Challenging Core American Assumptions

Many believe that poor people deserve to be poor because they’re lazy and that the rich deserve their wealth because they work harder than others. The reality is very different.

Posted on Mar 31, 2015 READ MORE



Does Being Rich Make You a Self-Centered Lawbreaker?

Work by social psychologist Paul Piff suggests that the more money people have, the more likely they are to cheat or put their needs before those of others.

Posted on Mar 18, 2015 READ MORE



The Majority of Americans Want to Raise Taxes on the Rich, So What Gives?

Elected officials are usually voted in to represent their constituents. So why do Republicans in Congress oppose Obama’s plan to raise investment taxes on the rich when two-thirds of Americans think the wealthy aren’t paying enough in taxes?

Posted on Feb 25, 2015 READ MORE



How Trade Deals Boost the Top 1 Percent and Bust the Rest

I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains.

Posted on Feb 17, 2015 READ MORE



Put a Name to the 80 People Who Own Half of the World’s Wealth

Some of the names on this list of the über rich will seem familiar while others may come as a surprise.

Posted on Jan 27, 2015 READ MORE


1 Want More









Posted on Jan 26, 2015 ENLARGE


The Super Rich Own Half the World









Posted on Jan 19, 2015 ENLARGE



The World’s 1 Percent Will Own More Than the Other 99 Percent Combined by 2016

Can we please stop calling it the “wealth gap”? The figures Oxfam recently reported on global inequality can only be described as a growing abyss between the world’s über-rich and the rest of us.

Posted on Jan 19, 2015 READ MORE



Are Conservatives Actually Becoming More Compassionate?

Jeb Bush and Mitt Romney are zeroing in on inequality as America’s fundamental economic problem.

Posted on Jan 19, 2015 READ MORE



Why Martin Luther King Jr. Would Support Obama’s Tax on the Super-Rich

In one of his last speeches, at Grosse Point, MI., the Rev. Martin Luther King, Jr., laid out his next campaign, the one he died pursuing. It was not about civil rights for minorities but economic rights for “the other America.”

Posted on Jan 19, 2015 READ MORE



If You Want to Know What’s Happened to Our Democracy, Follow the Richest .01 Percent

Why should we care how the uber rich spend their money?

Posted on Nov 18, 2014 READ MORE



Why the Notion of the Self-Taught, Self-Made Billionaire Is a Lie

A look at the educational background of the 1 percent reveals that the “rags to riches” narrative we’re fed is a fallacy.

Posted on Oct 29, 2014 READ MORE


Minimum Wage and Tips









Posted on Oct 11, 2014 ENLARGE



We Need to Raise Most People’s Wages to Grow the Economy for the Majority, Not the 1 Percent

Other cities and states should follow Seattle’s example.

Posted on Sep 29, 2014 READ MORE


CEO Pay









Posted on Sep 28, 2014 ENLARGE


Russell Brand Tears Apart Obama’s Reasons for Starting Another War in Iraq

In a recent episode of “The Trews” titled “Will Obama’s Bombs Stop Beheadings?” comedian Russell Brand ponders what President Obama really means when he says the U.S. is attacking Islamic State in Syria and Iraq in order to protect “America’s core interests.”

Posted on Sep 16, 2014 WATCH & LISTEN



My Dinner With the 1 Percent

“Why don’t you simply do what other rich folks do? Hide your money offshore so you don’t have to pay any taxes.” Laughter erupted at the table at my sarcastic comment and my question remained unanswered.

Posted on Sep 4, 2014 READ MORE


California Income Chasm









Posted on Aug 11, 2014 ENLARGE



‘Happy Birthday to You’ Copyright ‘Owners’ Finally Being Sued for Millions

The birthday song has been in the public domain for decades, but somehow Warner/Chappell Music has gotten away with collecting hundreds of millions in royalties every time it was performed; the richest Americans are mostly inheriting their wealth; meanwhile, although science will make it possible to cryogenically freeze ourselves “until a future age,” one writer questions whether that’s something we’d actually want. These discoveries and more after the jump.

Posted on Jul 29, 2014 READ MORE


Stephen Colbert: ‘Poor Doors’ Latest in Trend to Help ‘Haves’ Not Have to See the ‘Have-Nots’

The “Colbert Report’s” super-wealthy host explains why a New York building with a “poor door” for its less well-off residents makes total sense.

Posted on Jul 29, 2014 WATCH & LISTEN



The Rise of the Nonworking Rich

The real nonworkers are the wealthy who inherit their fortunes. And their ranks are growing.

Posted on Jul 16, 2014 READ MORE



The Politics and Economics of Inequality: A Lecture to the Top One-Tenth of 1 Percent (Video)

Here’s a lecture I gave recently at this year’s Aspen Ideas Festival. The irony of talking about inequality with an audience composed almost entirely of the richest one-tenth of 1 percent of Americans was not lost on me.

Posted on Jul 5, 2014 READ MORE



Student Debt: Blame Lawmakers, Tax-Shirking Rich, War on Drugs, Not Universities

Why is tuition so high in state universities that The New York Times is wondering whether families will go on being able to afford it?

Posted on Jun 10, 2014 READ MORE



Pierre Omidyar: ‘The New Face of an Old Imperial Tradition’

The eBay and First Look Media founder (shown) is a walking contradiction when it comes to his “progressive anti-state image” and his actions to further the “global neoliberal agenda”; Facebook may wield control over votes in elections; meanwhile, more than half of congressional members are millionaires and have no idea what it’s like to be poor. These discoveries and more after the jump.

Posted on Jun 3, 2014 READ MORE



Seattle Paves the Way for the Rest of the U.S. With ‘Historic’ $15 Minimum Wage

The Seattle City Council’s unanimous decision to impose the highest minimum wage in America is a momentous leap toward lifting workers out of poverty and closing the constantly widening gap between the 99 and the 1 percent.

Posted on Jun 3, 2014 READ MORE



Freedom Summer II

It took guts to take on the power structure of Mississippi a half-century ago. It takes guts to take on the power structure of giant companies like Walmart and McDonalds now.

Posted on Jun 2, 2014 READ MORE



‘Borrowing to Attend an American College May Be Hazardous to Your Dreams’

What if the real reason college has become increasingly inaccessible is that the institution itself is a “scam meant to perpetuate the 1 percent?”

Posted on May 27, 2014 READ MORE



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Study: Highest-Paid University Presidents Benefit From Soaring Student Debt and Low-Wage Adjuncts

It seems there’s no coincidence that the university administrators with the fattest paychecks head schools in which students and adjuncts have the most to lose.

Posted on May 20, 2014 READ MORE


Net Neutrality









We decided internet service should reflect the rest of our economy...
Posted on May 20, 2014 ENLARGE



Shutterstock

How to Shrink Inequality

Some inequality of income and wealth is inevitable, if not necessary.

Posted on May 14, 2014 READ MORE


The One Percent









Posted on May 10, 2014 ENLARGE



The Four Biggest Right-Wing Lies About Inequality

Even though French economist Thomas Piketty has made an airtight case that we’re heading toward levels of inequality not seen since the days of the 19th century robber barons, right-wing conservatives haven’t stopped lying about what’s happening and what to do about it.

Posted on May 6, 2014 READ MORE


Please Help









Posted on May 5, 2014 ENLARGE


U.S. Control









Posted on Apr 27, 2014 ENLARGE



marsmett talahassee (CC BY-NC-SA 2.0)

Government = Protection Racket for the 1 Percent

The evidence of income inequality just keeps mounting.

Posted on Apr 23, 2014 READ MORE



Screenshot/YouTube

Happy Tax Day, and Why the 1 Percent Pay a Much Lower Rate Than You

It’s tax time again, April 15, when our minds turn toward paying the taxes we owe or possibly getting a tax refund.

Posted on Apr 15, 2014 READ MORE


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