The GOP Presidential hopeful from Bain Capital has become a walking, talking object lesson on how our plutocracy works — and why we desperately need to end it . . . How bossy billionaires can now boss forever.
The rich don’t much like paying taxes when tax rates run high. They don’t much like paying taxes when tax rates run low either . . . Martin Luther King Jr and inequality . . . Privacy and private equity.
Today’s swaggering rich are increasingly stuffing their dollars into investments that do America’s 99 percent not one whit of good . . . Tracking a decade of growing inequality . . . Wilbur Ross, our petulant plutocrat of the week.
One puts on football pageants. Another makes mega millions on a virtual farm. Meet America’s top ten greediest of 2011. All ten remind us just how much needs to change, economically and politically, in 2012 and beyond.
Financial industry insiders are grousing about a big downturn in annual bonuses. They should be thanking the rest of us — bombshell new research shows — for their continuing awesome good tidings . . . A new historical survey of America’s egalitarian dreamers.
Today’s super rich can’t turn tin into gold. But they can get Uncle Sam to loan them free money. At the expense, of course, of the bottom 99 . . . The landmark UK High Pay Commission final report . . . Plutocracy and child labor.
Just 40 years ago, most Americans rubbed elbows with neighbors from a fairly wide cross-section of income levels. But today’s rich, Census data show, are keeping everyone else at arm’s length — and more . . . Subsidies from Uncle Sam for America’s rich and famous . . . U.S. family mobility before and after the Wall Street meltdown.
Still another financial firm has tallied how much net worth is sloshing in the pockets of the world’s most spectacularly wealthy. So when will the time finally come to stop the counting — and start the taxing? . . . Stewart Lansley on a consumer society unable to consume.
Rags to riches: who should really care? Not the 99 percent. We’ve let the cheerleaders for the richest among us get away with myths about mobility for much, much too long . . . Who’s really getting tich in Washington?
All sorts of federal agencies publish income inequality data. But only the nonpartisan Congressional Budget Office directly takes on America’s income inequality deniers . . . Why economic gaps really matter . . . The sweet life of corporate directors.