Here’s a lecture I gave recently at this year’s Aspen Ideas Festival. The irony of talking about inequality with an audience composed almost entirely of the richest one-tenth of 1 percent of Americans was not lost on me.
It's really the 0.01 percent of Americans who are leaving us all behind; one answer to fighting climate change is vegetarianism; meanwhile, is the beer in Britain spying on you? These discoveries and more after the jump.
Why would people turn down a deal that made them better off simply because it made someone else far, far better off?
America has a serious “We” problem -- as in “Why should we pay for them?”America has a serious “We” problem—as in “Why should we pay for them?”
"The reality of rising American inequality is stark. Since the late 1970s real wages for the bottom half of the work force have stagnated or fallen, while the incomes of the top 1 percent have nearly quadrupled (and the incomes of the top 0.1 percent have risen even more)," the Nobel Prize-winning economist wrote Sunday in The New York Times.
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."