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.
A leading conservative academic is charging that critics of America’s top-heavy distribution of income and wealth are missing the bigger picture. In the process, he’s only fogging that picture up.
Wealth’s current tilt to the top sometimes seems almost eternal. But can our economy ‘self-correct’? A provocative new paper out of the developed world’s official research agency contemplates our tomorrow.
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?
The outsourcing of public services to private go-getters is concentrating wealth the whole world over. The best answer to that concentration? That just may be new forms of public ownership.
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.
“Most remedies for inequality include calls for progressive tax reform, for investment in education and training. The more insightful advocate balancing our trade and ending perverse incentives that reward CEOs for plundering their own companies. But none of these reforms is likely without a strong mobilization of workers – a strong union movement – to elect leaders and drive the debate.”
Robert Borosage, Inequality: A Broad Middle Class Requires Empowering Workers, August 28, 2014 2014
Over the first decade of the 21st century, notes University of Massachusetts analyst William Lazonick, the corporate giants in America’s S&P 500 sunk $4.5 trillion, a sum equal to 94 percent of their earnings over that span, in either dividends or stock buybacks designed to boost their share price — and executive compensation.
Does buying a super yacht count as a philanthropic act? . . . A new guide to help the awesomely affluent navigate the world of luxury.
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.