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.
It’s tax time again, April 15, when our minds turn toward paying the taxes we owe or possibly getting a tax refund.
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.
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."
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.
Historians used the Gini coefficient, a modern measure of wealth inequality, to compare disparities between the classes in the Roman Empire 150 years after the death of Christ and those in the United States today. The ancients, with their ranks of plebeians, patricians and senators, scored slightly better than we did. (more)