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October 13, 2015
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Tag: Wealth Gap

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

The Real Reason Inequality Is Widening and Average Working Americans Can’t Gain Ground

For the past quarter-century I’ve offered in articles, books, and lectures an explanation for why average working people in advanced nations like the United States have failed to gain ground and are under increasing economic stress.

Posted on May 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

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

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

The Income Gap Between Races Is Wider Than It’s Been for Decades

Wealth inequality between whites and their black and Hispanic counterparts has reached its highest point since the late ’80s and early 2000s in the U.S.

Posted on Dec 23, 2014 READ MORE

How Inside Traders Are Rigging America and Contributing to the Savage Inequalities of American Life

Major players on Wall Street have been making tons of money not because they’re particularly clever but because they happen to be in the realm where a lot of coins come their way.

Posted on Dec 18, 2014 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

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

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

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

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

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

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

California Income Chasm

Posted on Aug 11, 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


How to Shrink Inequality

Some inequality of income and wealth is inevitable, if not necessary.

Posted on May 14, 2014 READ MORE

Easy Target

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

Posted on May 5, 2014 READ MORE

U.S. Control

Posted on Apr 27, 2014 READ MORE

Bastian (CC BY-NC-ND 2.0)

Raising Taxes on Corporations That Pay Their CEOs Royally and Treat Their Workers Like Serfs

Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed.

Posted on Apr 22, 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

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