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Tag: One Percent


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



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


The One Percent

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Posted on May 10, 2014 READ MORE



U.S. Justice Department Probes High-Speed Trading

File this under “In Case You Missed It” (or “ICYMI,” for Twitter-savvy types): The U.S. Justice Department has launched a probe of high-speed trading to see whether it involves illegal insider trading, Attorney General Eric Holder said Friday.

Posted on Apr 6, 2014 READ MORE



An Aristocracy of Musicians

The top 1 percent of artists take 77 percent of the income earned in the music industry, a new report found.

Posted on Mar 8, 2014 READ MORE



What If Your Income Grew as Fast as the Top 1 Percent?

The editors at Mother Jones reveal how much money you would be earning annually today if the super-rich hadn’t rigged the system.

Posted on Mar 3, 2014 READ MORE



For Exxon Mobil CEO, Fracking’s Fine, Just Not In His Backyard

The contentious practice of hydraulic fracturing—commonly referred to as “fracking,” thus offering opponents a handy resemblance to a popular expletive—isn’t something Exxon Mobil’s head honcho, Rex Tillerson, has opposed.

Posted on Feb 25, 2014 READ MORE


One Percenters’ Valentine

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Posted on Feb 16, 2014 READ MORE


Mr. Burns

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Posted on Sep 12, 2013 READ MORE



Images_of_Money (CC BY-SA 2.0)

How Wealth Breeds Narcissism

Though it may already seem obvious that richer people are generally more entitled than poorer ones, a new study reveals there’s psychological evidence to support this assessment.

Posted on Aug 26, 2013 READ MORE



© Ahmed Amir (CC BY 2.0)

Exposed: A Global Offshore Money Matrix of Up to $32 Trillion

A cache of 2.5 million secret files offers the chance to peek behind the curtain of the world’s offshore money market, detailing the involvement of more than 120,000 companies and trusts doing business with politicians, con men and scores of the mega-rich.

Posted on Apr 4, 2013 READ MORE



AP/Jason DeCrow

Occupy Wall Street: One Year Later

The Occupy movement is celebrating its first anniversary Monday with a full slate of protests and a side of party hats. At least 100 arrests have been reported thus far.

Posted on Sep 17, 2012 READ MORE



Howdy, I'm H. Michael Karshis (CC BY 2.0)

How Tax Reporting Is Skewed to Benefit the Rich

Think tanks such as the Cato Institute and the Tax Foundation like to cherry-pick tax data to claim that the rich pay more than their fair share. But a broad look at taxation shows it’s not true, a writer at The Economist says.

Posted on Aug 23, 2012 READ MORE



Mait Jüriado (CC-BY)

The .0000063% Election

At a time when it’s become cliché to say Occupy Wall Street has changed the nation’s political conversation, electoral politics and the 2012 presidential election have become almost exclusively defined by the 1%. Or, to be more precise, the .0000063%.

Posted on Feb 18, 2012 READ MORE



World Affairs Council of Philadelphia (CC-BY)

Inside Romney’s Tax Returns

Republican presidential candidate Mitt Romney released 550 pages of tax returns Tuesday and news organizations are making their way through them. ProPublica shows us where to look to make sense of the numbers.

Posted on Jan 25, 2012 READ MORE



Lord Jim (CC-BY)

Latest New York Tax Reforms Disproportionately Benefit the Rich

Many in the media are touting a recent overhaul of the state of New York’s tax scheme as a sign of a new age of increased burden for top earners and a victory for the 99 percent. But close inspection reveals that such comparisons exclude the contributions of a soon to expire, 3-year-old “millionaires’ tax,” and the new codes favor the rich.

Posted on Dec 10, 2011 READ MORE



withayou (CC-BY)

Here Comes the Capital Strike

From his seat in Congress, House Speaker John Boehner announced in mid-September that American business owners would continue to hold the nation’s wealth (and thus the public welfare) hostage until government granted them the “low-tax, deregulated world they wanted,” writes journalist and author Thomas Frank in Harper’s online. (more)

Posted on Nov 26, 2011 READ MORE


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