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.
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.
The nonpartisan Congressional Budget Office has just released its latest appraisal of America’s income breakdown. Whatever yardstick you use, the CBO study makes plain, the rich are winning. Big.
Income gaps and wealth concentration go hand in hand, new global stats make clear. With one exception.
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.
The ‘average’ U.S. family is doing just fine, suggests the Federal Reserve’s latest triennial portrait of household wealth. But typical Americans are struggling something awful. Could both be true?
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.
A bold new egalitarian take on our modern economy from France joins a powerful rendering of inequality’s toll — on our daily lives — from the UK. Blend the two into our politics and watch plutocracy start shaking.
We always get what we measure. And if we measure inequality with a yardstick that only wonks can decipher, we’ll end up with a society too confused about inequality to do anything meaningful about it. Thanks to Chilean economist Gabriel Palma, we do have an alternative.
At the annual Davos retreat of our global elites, the world’s wealthy wring their hands over the widening inequality they themselves so relentlessly widen.