America’s 400 richest are collecting far more of the nation’s income than they did two generations ago — and paying Uncle Sam far less. To fudge these facts, pals of plutocrats are having to work overtime.
Good things trickle down from the top, cheerleaders for grand fortune like to argue, when wealth concentrates. In real life, suggests economist Robert Frank, inequality makes things worse even for its ostensible beneficiaries.
To really take on grandiosity and greed, a new report from a prestigious CEO pay watchdog suggests, we may need to shove onto the global political stage the notion of a maximum wage.
The CEOs of America’s 20 largest restaurant chains must be providing diners some mighty fine service. Their ‘performance’ is costing Uncle Sam nearly a quarter-billion dollars a year.
The kingpins of Congress have spent years carving tax loopholes that help America’s CEOs fleece the federal treasury. Now these kingpins are pushing a corporate tax ‘reform’ that ignores the loopholes.
“I scream, you scream, we all scream against creating an aristocracy of wealth.”
Ben Cohen and Jerry Greenfield, on the notion of repealing the estate tax, USA Today, April 16, 2015.
The world’s “ultra high net worth” population — deep pockets with over $30 million in net worth — make up just 0.004 percent of global adults, notes a new report from Wealth-X and NFP Life. They held $29.7 trillion in wealth last year, over double the $13.8 trillion in wealth that belonged to adults with net worths under $10,000, a group that includes 66.2 percent of the world’s adult population.
Too Much editor Sam Pizzigati’s history of the forgotten triumph over America’s original plutocracy that created the American middle class.
This American Library Association “outstanding title” of the year explores the price we pay for massive inequality. Now available for reading online.
Back in the 1930s, a University of Chicago project set out to list western civilization’s greatest books. Only one book by a living author, this one, made the cut.
Average Americans today have essentially zilch influence on public policy. You don’t need to trust your gut on that. Northwestern University political scientist Benjamin Page has the data.