No 13-digit fortune has yet appeared on the horizon. But if we wait until we get close enough to see one, warns wealth analyst Bob Lord, we may find our plutocracy set eternally in concrete.
In any society where great stashes of wealth amass at the top, philosopher Elizabeth Anderson reminds us, the wealthy will sooner or later see most of the rest of us as failures.
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.
Corporate movers and shakers are now maneuvering, via global trade negotiations, for the power to erase governmental decisions that complicate their profiteering. Will they get it? Trade union analyst Thea Lee sees reasons they just might not.
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.
“The families investing the most in presidential politics overwhelmingly lean right, contributing tens of millions of dollars to support Republican candidates who have pledged to pare regulations; cut taxes on income, capital gains and inheritances; and shrink entitlement programs.”
Nicholas Confessore, Sarah Cohen, and Karen Yourish, Just 158 families have provided nearly half of the early money for efforts to capture the White House, New York Times, October 10, 2015
The world’s wealthiest are hiding from their national tax collectors as much as $32 trillion, calculates former McKinsey chief economist James Henry, “a sum larger than the entire American economy.”
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.
The moneymaking techniques today generating mega millions, global business analyst Sam Wilkin is making plain, almost all rest on schemes for subverting honest market competition.