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December 20, 2014
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Tag: Wealth Inequality


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



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



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


The Divide

Posted on Apr 18, 2014 READ MORE



The Divide

Matt Taibbi’s new book is more Lincoln Steffens than Hunter Thompson, dropping most of the histrionics to explore why Wall Street bankers are seemingly exempt from criminal prosecution.

Posted on Apr 18, 2014 READ MORE



Bob Jagendorf (CC BY 2.0)

A Lesson for Future Presidents and Children

The No. 1 problem we face is inequality, and the beginning of a new school year is the appropriate moment to ask what role education plays. Are schools part of the solution or are they part of the problem?

Posted on Sep 19, 2013 READ MORE


‘Left, Right & Center’: The Syrian Drama, Extreme Inequality

Truthdig Editor-in-Chief Robert Scheer and the other “Left, Right & Center” panelists asked Friday whether President Obama just succeeded at diplomacy with Syria by accident? Are we rolling out the “Mission Accomplished” banner too soon?

Posted on Sep 13, 2013 READ MORE



Flickr / slynkycat

Four Out of Five Adult Americans Face Poverty, Joblessness

So much for the American dream. Based on new survey data released exclusively by The Associated Press, it appears that economic insecurity is becoming the new norm in the U.S.

Posted on Jul 28, 2013 READ MORE



Flickr/Dave Linabury

Detroit and the Bankruptcy of America’s Social Contract

The geopolitical divide has become so palpable that being wealthy in America today means not having to come across anyone who isn’t.

Posted on Jul 21, 2013 READ MORE



Flickr/401(K) 2013

Average CEO Makes More in 1 Day Than Worker Makes in 1 Year

The salaries of corporate CEOs in the U.S. have ballooned so ridiculously in the past 50 years that the average chief executive now earns roughly 237 times what the average American worker collects.

Posted on Jul 7, 2013 READ MORE



Image via Shutterstock

How the Rich Benefited From the Recovery (While Most of Us Got Nothing)

The richest Americans made trillions during the so-called economic recovery from 2009 to 2011, while most everyone else’s net worth dropped, according to a recent study. “It’s as if the entire economic recovery is going into the pockets of the rich,” Les Leopold writes at AlterNet. “And that’s no accident.”

Posted on May 5, 2013 READ MORE


The Disuniting of America

We come together as Americans when confronting common disasters and common threats, such as occurred in Boston on Monday, but we continue to split apart economically.

Posted on Apr 17, 2013 READ MORE



Flickr/401(K) 2013

Income Growth for 90 Percent of Americans Over Last 4 Decades Averaged $59

For the top 10 percent of American taxpayers though, it was—not surprisingly—a lot more.

Posted on Mar 25, 2013 READ MORE


Watch: The Staggering Extent of Wealth Inequality in the U.S.

An infographic-heavy video on wealth distribution that went viral over the weekend reveals that the gap between the rich and the poor in the U.S. is probably much worse than you think.

Posted on Mar 4, 2013 READ MORE


The Non Zero-Sum Society

A newly released analysis by the Economic Policy Institute shows that the super rich have done well in the economic recovery while almost everyone else has done badly.

Posted on Jan 29, 2013 READ MORE



BlaisOne (CC-BY)

The Making of the American 99% and the Collapse of the Middle Class

Until a few months ago, the 99% was hardly a group capable of articulating “the identity of their interests.” It contained, and still contains, most “ordinary” rich people, along with middle-class professionals, factory workers, truck drivers, and miners, as well as the much poorer people who clean the houses, manicure the fingernails, and maintain the lawns of the affluent.

Posted on Dec 17, 2011 READ MORE


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