Dedicated to the notion that our world would be considerably more caring, prosperous, and democratic if we narrowed the vast gap that divides our wealthy from everyone else.
Forbes has just released its latest list of America’s wealthiest 400. The new numbers on these grand fortunes don’t just stagger the imagination. They stagger common sense.
A landmark new study has laid bare the dirty little secret of modern American philanthropy: America’s wealthy don’t particularly care all that much about the rest of us.
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.
Pundits and political scientists are always searching for that simple theory that’ll explain just what makes our politics tick. Where should they be looking? How about in the eyes of a billionaire at tax time?
America’s top central bankers didn’t make time for inequality at their annual hobnob last week. Over in Germany, the world’s Nobel Prize winners in economics did. But few Americans noticed.
A century ago, just like today, the rich dominated American economic and political life. But by the mid 20th century a mass middle class had shrunk this rich down to democratic size. How did that ever happen?
This American Library Association “outstanding title” of the year explores the price we pay for massive inequality. Now available for reading online.
By every measure that matters, relatively equal nations outperform nations where income and wealth concentrate at the top. This powerful new book explores these contrasts — and explains them.
“It is no secret that the past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority. I think it is appropriate to ask whether this trend is compatible with values rooted in our nation’s history, among them the high value Americans have traditionally placed on equality of opportunity.”
Federal Reserve chair Janet Yellen, conference remarks, October 17, 2014
The world now hosts 128,200 “ultra high net worth individuals,” deep pockets whose personal wealth tops $50 million, the Credit Suisse Research Institute reported last week. Last year’s ultra wealthy total: just 98,700. About half the world’s ultras, 62,800, live in the United States.
Handbags as an asset class . . . The most expensive place in America . . . A Rolls with a built-in dining table.
Top media outlets and business researchers annually release compensation surveys that detail executive pay levels over the preceding year. These surveys seldom sample the same corporations — or measure pay the exact same way — and, consequently, almost always generate somewhat different results. We sum up the latest top national and regional survey results here.