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Tag: Income Inequality


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



Study: The .01% Is the New 1%

Comparisons between post-2008 America and the economic quagmire of the 1930s have been circulating for years, but a new study out of the London School of Economics sets the country back even further—and moves the decimal point back a couple of spaces on the 1 percent to highlight an even smaller and richer demographic.

Posted on Nov 11, 2014 READ MORE



The Real Reason Behind the Democrats’ Big Midterm Losses

The president blames himself for the Democrats’ big losses Election Day. I respectfully disagree.

Posted on Nov 11, 2014 READ MORE


Why the Midterm Elections Should Matter Especially to Women

By Robert Reich

If Republicans take over Congress on Tuesday, the economic position of women will take a major hit.

Posted on Nov 3, 2014 READ MORE


‘Left, Right & Center’: Tim Cook, Midterms, and Fast-Food Wages in Denmark

Truthdig Editor-in-Chief Robert Scheer and the other “Left, Right & Center” panelists agree that Apple CEO Tim Cook’s (at right) announcement that he’s gay is historic. Meanwhile, the “war on women” isn’t playing in the midterm elections and fast food workers in Denmark are making about $20 per hour.

Posted on Oct 31, 2014 READ MORE



There Are Twice as Many Billionaires Now Than Before the Financial Crisis

UNICEF reports that child poverty has increased in over 20 countries since the global recession, while a new Oxfam study shows that billionaires have increased their combined wealth by over 120 percent. How can we continue to ignore this appalling inequality?

Posted on Oct 30, 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



Profile of America’s Underpaid Cops: St. Louis County

Some officers who responded to protests against the police shooting of 18-year-old Michael Brown in Ferguson, Mo., in August earn as little as $10.50 an hour.

Posted on Oct 27, 2014 READ MORE



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Why Economic Inequality Is Not a Bigger Political Issue

If critics of income inequality are wondering why the growing gap between rich and poor hasn’t been a more potent political issue in the upcoming elections, a new study offers some answers.

Posted on Oct 3, 2014 READ MORE


CEO Pay

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Posted on Sep 28, 2014 READ MORE



Why Ordinary People Bear Economic Risks and Donald Trump Doesn’t

Bankruptcy was designed so people could start over. But these days, the only ones starting over are big corporations, wealthy moguls and Wall Street.

Posted on Sep 22, 2014 READ MORE



Were Top Corporate Executives Really Hogging Workers’ Wages?

Thomas Piketty attributes rising inequality in the U.S. primarily to huge increases in the salaries of CEOs and other top executives, but he misinterprets the evidence. Rising salaries of top executives actually explain very little of the rise in inequality, and they depressed other employees’ pay by only a negligible amount.

Posted on Sep 18, 2014 READ MORE



Sacrificing the Vulnerable, From Gaza to America

The abandonment of Gazans, some of the planet’s most powerless people, illustrates how all who are vulnerable are now routinely sacrificed by our political elites.

Posted on Sep 14, 2014 READ MORE



Harvard Business School’s Role in Widening Inequality

No institution is more responsible for educating the CEOs of American corporations than Harvard Business School.

Posted on Sep 13, 2014 READ MORE



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A Progressive Estate Tax

Unless we reduce skyrocketing wealth and income inequality, unless we end the ability of the super-rich to buy elections, the United States will be well on its way toward becoming an oligarchic form of society where almost all power rests with the billionaire class.

Posted on Sep 9, 2014 READ MORE



The Bankruptcy of Detroit and the Division of America

Detroit is a model for how wealthier and whiter Americans escape the costs of public goods they’d otherwise share with poorer and darker Americans.

Posted on Sep 6, 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



Study: American Democracy ‘Seriously Threatened’

A pair of researchers have a handy tip for those Americans still attached to the notion that we live in a representative democracy: Get ready to kiss that notion goodbye.

Posted on Aug 27, 2014 READ MORE


California Income Chasm

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Posted on Aug 11, 2014 READ MORE



House.gov

What ‘War on Whites’?

If there really were a “war on whites,” as a Republican congressman from Alabama ludicrously claims, it wouldn’t be going very well for the anti-white side.

Posted on Aug 8, 2014 READ MORE



1 Percent ‘Literally Rich Beyond Measure’

Wealth hidden by tax shelters and non-responses to questionnaires is so undercounted that “correcting for similar lapses in income data almost erases progress made from 1988 to 2008 in narrowing the gap between the world’s rich and poor,” Bloomberg contributor Jeanna Smialek reports that a body of research has found.

Posted on Aug 7, 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



Paul Ryan: Obama’s Approach to Poverty Perpetuates the Problem (Video)

It should come as no surprise that Rep. Paul Ryan wouldn’t cotton to the Obama administration’s take on targeting poverty in these times of economic unrest and income inequality.

Posted on Jul 27, 2014 READ MORE



Study: Educational Segregation Plays a Role in Tea Party Allegiance

A study by researchers at the University of Notre Dame teased out a positive correlation between educational segregation, which can relate to other divisive factors but isn’t always interchangeable with them, and alignment with tea party ideology.

Posted on Jul 23, 2014 READ MORE


Income Inequality

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Posted on Jul 21, 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


John Oliver Puts His Finger on the Reason Income Inequality Is So Prevalent in the U.S.

“Just because politicians can’t talk about income inequality,” the “Last Week Tonight” host starts on one of his characteristic rants, “doesn’t mean we shouldn’t.”

Posted on Jul 14, 2014 READ MORE


Poor Poor Hillary

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Posted on Jul 7, 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



Hillary’s Hardest Choice (and the Democrats’ Dilemma)

What’s the reason for the tempest in the teapot of Hillary and Bill Clinton’s personal finances?

Posted on Jun 30, 2014 READ MORE



Real Business Leaders Want to Save Capitalism

A few weeks ago I was visited in my office by the chairman of one of the country’s biggest high-tech firms who wanted to talk about the causes and consequences of widening inequality and the shrinking middle class, and what to do about it.

Posted on Jun 21, 2014 READ MORE



stocklight / Shutterstock.com

Al Gore’s Warnings About Inequality and Democracy

The former vice president recently told a tech industry conference when “95 percent of all the additional national income in the U.S., since the recovery began in ’09, goes to the top 1 percent, that’s not an Occupy Wall Street slogan, that’s a fact.”

Posted on Jun 13, 2014 READ MORE



Seattle Is Right

By raising its minimum wage to $15, Seattle is leading a long-overdue movement toward a living wage.

Posted on Jun 7, 2014 READ MORE


War on Poverty

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Posted on Jun 4, 2014 READ MORE


Elizabeth Warren and Thomas Piketty Explain How Wealth Trickles ‘Up,’ Not Down

The two best-selling authors discuss the American economy and the growth of income disparity plaguing the nation in a HuffPost Live segment that shouldn’t be missed.

Posted on Jun 4, 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



A Third Lens: Why Awareness of Class Cultures Can Strengthen Movements for Social Change

Bringing a class analysis to our understanding of privilege can help make sense of a broad range of experiences.

Posted on May 22, 2014 READ MORE



Luciano Castillo (CC BY 2.0)

The Practical Choice: Not American Capitalism or ‘Welfare State Socialism’

For years Americans have assumed that our hard-charging capitalism is better than the soft-hearted version found in Canada and Europe.

Posted on May 21, 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



Thomas Frank Locates Thomas Piketty’s Blind Spot

The celebrity economist’s proposal of an “international IRS” as a means to end rampant wealth inequality falls far short of methods that exist in the American tradition, Salon columnist Thomas Frank writes in a critique of the best-selling “Capital in the Twenty-First Century.”

Posted on May 18, 2014 READ MORE



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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


Easy Target

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Posted on May 7, 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. Middle Class

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Posted on May 3, 2014 READ MORE


U.S. Control

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Posted on Apr 27, 2014 READ MORE


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