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July 5, 2015
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Tag: Income Inequality


CEO Pay at Top U.S. Companies Up 54 Percent Since Start of Recovery

The average American worker would have to toil for about five weeks, with no days off, to earn what a CEO makes in an hour.

Posted on Jun 25, 2015 READ MORE



Truthdigger of the Week: Pope Francis

His extraordinary call for saving the ecosystem has resonated with the global community. The question now is: Will Earth’s people, both ordinary and powerful, act on his message to prevent the planet from becoming a “pile of filth”?

Posted on Jun 21, 2015 READ MORE



Hope and Hate in Charleston

Even if Dylann Roof, the man arrested in the church massacre in South Carolina, acted alone, he is not alone in his hateful views. And it is up to white Americans to defeat the poison of racism in this country.

Posted on Jun 21, 2015 READ MORE



Now That Women Can Appear on Our $10 Bills, Can They Make More Money, Too?

Hey, did you hear that an American woman of historical import is slated to appear on the $10 bill? Is anyone investigating whether her ten-spot will be worth the same as the one with Alexander Hamilton on it—or would its actual value come in at, say, $7.70?

Posted on Jun 18, 2015 READ MORE



VIDEO: Raising the Estate Tax on the Very Rich Is Step 8 to Save the Economy

At a time of historic economic inequality, it should be a no-brainer to raise a tax on inherited wealth for the very rich. Yet there’s a move among some members of Congress to abolish it altogether.

Posted on Jun 6, 2015 READ MORE



Do the Media Have a Double Standard When It Comes to Bernie Sanders?

Salon’s Simon Maloy points out that while every move of Republican presidential hopefuls is reported by U.S. media, the Vermont senator’s ideas are either unreported or ridiculed, despite their apparent value in the face of growing inequality.

Posted on May 28, 2015 READ MORE



If Trade Is War, It’s Time We Fought Back

For decades we have heard that free trade would result in prosperity for all. But in fact, the rich have gotten richer, the poor poorer, and the planet has been thrown into peril.

Posted on May 21, 2015 READ MORE



The Pathology of the Rich White Family

The rich white family is a menace, and the sickness within it is the most dangerous threat to America.

Posted on May 17, 2015 READ MORE


Inflategate

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Posted on May 13, 2015 READ MORE



Raising the Minimum Wage Is Step One in Making the Economy Work for the Many, Not Only the Few

A basic moral principle that most Americans agree on is no one who works full time should be in poverty, nor should their family.

Posted on May 11, 2015 READ MORE


John Cleese Gives Yanks the Lowdown on the U.K. Elections

Confused about the Tories? And who’s this Miliband guy, anyway?

Posted on May 7, 2015 READ MORE


VIDEO: Mike Huckabee Kicks Off 2016 Campaign: ‘We Were Promised Hope, but It Was Just Talk’

And then there were six: Former Arkansas governor and Fox News talking head Mike Huckabee brought the official tally of Republican candidates for the 2016 presidential contest to a half-dozen Tuesday, and he blasted his ex-rival, President Obama, while he was at it.

Posted on May 5, 2015 READ MORE



Make the Rich Panic

As we saw in Baltimore, the corporate elites who hold absolute power react only when they become afraid. And they become afraid only when we take to the streets.

Posted on May 3, 2015 READ MORE



Bernie Sanders Means Business With 2016 Presidential Run

This is no political stunt, folks: In his newest article, Rolling Stone’s biggest marquee reporter, Matt Taibbi, sizes up Sen. Bernie Sanders’ bid for the presidency in the 2016 election and concludes that Sanders is the real deal.

Posted on Apr 29, 2015 READ MORE



Truthdigger of the Week: Gravity Payments CEO Dan Price

This American capitalist is doing the almost unheard-of: slashing his own pay and giving his employees raises big enough to allow them and their families to enjoy life.

Posted on Apr 25, 2015 READ MORE



If Inequality Worries Republicans, Why Do They Keep Making It Worse?

You can tell things have gotten very bad when the issue of economic inequality—a serious national problem mostly ignored for more than three decades—is suddenly in political vogue.

Posted on Apr 17, 2015 READ MORE



Hey, Let’s Have Equal Pay for Women Instead of ‘Equal Pay Day’

Here’s an idea, people at the White House: Instead of tweeting righteous messages about the need to close the income gap between men and women, why don’t you press for laws to do away with that margin of baked-in gender bias in America’s workplaces?

Posted on Apr 14, 2015 READ MORE



Hillary Clinton 2016: 3 ... 2 ... 1 ... (Updated)

By all indications, today will be the day when Hillary Clinton officially announces that she will, in fact, be running for president in the 2016 election.

Posted on Apr 12, 2015 READ MORE



Why Global Poverty Won’t Actually Be Eradicated in This Century, Despite What Leaders Say

A recent Guardian piece reveals why there’s no way world leaders’ claims about cutting world poverty in half could possibly be true. The truth is far bleaker than politicians and mass media would have us believe.

Posted on Apr 7, 2015 READ MORE



A Deepening Democratic Party Divide

For those pining for a Democratic Party that tries to represent more than the whims of the rich and powerful, these are, to say the least, confusing times.

Posted on Apr 4, 2015 READ MORE



The Political Revolution We Desperately Need

The good news is that the economy today is much better than it was six years ago when George W. Bush left office. The bad news is that, despite these improvements, the 40-year decline of the American middle class continues.

Posted on Apr 4, 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


Noam Chomsky: In ‘Free’ Countries, Unpopular Ideas Can Be Suppressed Without the Use of Force

Paraphrasing George Orwell’s virtually unread introduction to “Animal Farm,” the renowned linguist explains how listening to the media, which are owned by the wealthy, and receiving a “good education” can suppress free thought.

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



Here’s How We Know Republicans Aren’t Serious About the Plight of Working-Class Americans

Briefly, there seemed a chance we might have a cross-party discussion of the biggest economic problem the country faces: the vexing intersection of wage stagnation, declining social mobility and rising inequality. That chance now seems to have gone up in smoke.

Posted on Mar 24, 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


The Super Rich Own Half the World

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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


The Best John Oliver Rants of 2014

John Oliver and his HBO show “Last Week Tonight” will be back Feb. 8 after a lengthy hiatus. In the meantime, check out our favorite clips of the British comedian’s program from the past year.

Posted on Jan 1, 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



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



Shutterstock

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

“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


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