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Tag: 1 Percent


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

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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: The Fight for Higher Wages Means Confronting the Greed of the Rich

“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

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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



Shutterstock

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

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



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

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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

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Posted on May 5, 2014 READ MORE


U.S. Control

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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



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


Gourmet

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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



Truthout.org (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



Journalist Crashes Wall Street Secret Fraternity Party, Lives to Tell Bizarre Tale

As he recounts in New York magazine, journalist Kevin Roose was able to infiltrate a secret Wall Street fraternity party in January 2012 that was attended by many of the top financial moguls of our time.

Posted on Mar 11, 2014 READ MORE



The Growth of the American Servant Sector

Nowadays, the members of the 1 percent are the only ones getting richer and they’re hiring servants to keep them comfy; there are a few things you should be aware about with regard to your caffeine intake; meanwhile, familiar weather patterns have gone extinct. These discoveries and more after the jump.

Posted on Mar 11, 2014 READ MORE


Koch Puppy Dog

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Posted on Mar 3, 2014 READ MORE


One Percenters’ Valentine

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Posted on Feb 16, 2014 READ MORE



marsmet531 (CC BY-NC-SA 2.0)

Why Widening Inequality Is Hobbling Equal Opportunity

Is it to be inequality or equal opportunity?

Posted on Feb 6, 2014 READ MORE


No Free Lunch

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Posted on Feb 5, 2014 READ MORE


Income Inequality

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Posted on Feb 4, 2014 READ MORE



In Defense of the Mega-Rich

As food stamps were cut, millionaire Tom “Kristallnacht” Perkins explained the plight of the wealthy; athletes are looking to unionize; and how will Supreme Court justices believing in “natural law” affect their legal decisions? These discoveries and more after the jump.

Posted on Jan 30, 2014 READ MORE


Pitchforks

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Posted on Jan 30, 2014 READ MORE


State of the Union

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Posted on Jan 27, 2014 READ MORE



epSos.de (CC BY 2.0)

Take a Guess at How Many People Collectively Are as Wealthy as Half the World. It’s Less Than That

We’ve all heard that 1 percent of the global population owns 50 percent of the earth’s wealth, and yet, now that the actual number of people has been calculated by the relief organization Oxfam, it’s hard not to cringe at the fact.

Posted on Jan 22, 2014 READ MORE


Freedom Water

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Posted on Jan 21, 2014 READ MORE


Unaided Unemployed

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Posted on Jan 19, 2014 READ MORE



shahbasharat (CC BY 2.0)

Don’t Want to Pay Child Support? Get a GOP Rep. to Change the Law After a Hefty Donation

Millionaire Michael Eisenga decided he was tired of giving his ex-wife and three kids $216,000 a year in child support but, unsurprisingly, the judicial system did not sympathize with his plight. So what was a poor rich Republican to do? Have a GOP puppet change the law apparently.

Posted on Jan 14, 2014 READ MORE


Welfare Cheats

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Posted on Jan 13, 2014 READ MORE


There’s Not Enough Money

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Posted on Jan 13, 2014 READ MORE


Charity

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Posted on Jan 13, 2014 READ MORE


Republican Plan for the Poor

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Posted on Jan 12, 2014 READ MORE


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