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October 9, 2015
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Tag: 1 Percent

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 READ MORE

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 READ MORE

The Super Rich Own Half the World

Posted on Jan 19, 2015 READ MORE

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 READ MORE

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


Posted on Sep 28, 2014 READ MORE

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 READ MORE

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 READ MORE

‘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 READ MORE

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


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 READ MORE


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 READ MORE

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 READ MORE

U.S. Control

Posted on Apr 27, 2014 READ MORE

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


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


Posted on Apr 14, 2014 READ MORE

Why the Minimum Wage Should Really Be Raised to $15 an Hour

Momentum is building to raise the minimum wage to $10.10. But we need to be more ambitious.

Posted on Apr 9, 2014 READ MORE

Nancy Pelosi (CC BY 2.0)

Friday’s Jobs Report and the Supreme Court’s McCutcheon Debacle

What does the Supreme Court’s McCutcheon decision this week have to do with Friday’s jobs report, showing 192,000 new jobs for March?

Posted on Apr 5, 2014 READ MORE

Signe Wilkinson

McCutcheon and the Vicious Cycle of Concentrated Wealth and Political Power

If wealth and income weren’t already so concentrated in the hands of a few, the shameful McCutcheon decision by the five Republican appointees to the Supreme Court wouldn’t be as dangerous.

Posted on Apr 5, 2014 READ MORE

We Should Be Talking About the 1 Percent of the 1 Percent

It’s really the 0.01 percent of Americans who are leaving us all behind; one answer to fighting climate change is vegetarianism; meanwhile, is the beer in Britain spying on you? These discoveries and more after the jump.

Posted on Apr 1, 2014 READ MORE

Themeplus (CC BY-SA 2.0)

The Distributional Games

Why would people turn down a deal that made them better off simply because it made someone else far, far better off?

Posted on Apr 1, 2014 READ MORE (CC BY-NC-SA 2.0)

The New Billionaire Political Bosses

Charles and David Koch should not be blamed for having more wealth than the bottom 40 percent of Americans put together.

Posted on Mar 26, 2014 READ MORE

The Inevitability of Income Inequality

Inequality is endemic to the core structure of an America that operates more as a plutocracy than a democracy. It is an inherent result of the consolidation of a substantial amount of both financial power and political influence in the hands of a few families.

Posted on Mar 11, 2014 READ MORE

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