Only in America, new stats from the Swiss banking giant Credit Suisse show, could packing an incoming administration with gazillionaires be so easy.
America’s highest earners could be rushing to maximize their 2016 incomes after Election Day. But what happens next will be what really matters.
Want thrills in your life? Go ride a roller coaster. Want some economic security? Help make America more equal. A new study from three eminent economists explains why.
Our hedge funds are celebrating another year of super earnings — with more crumbs for the victims of the political choices that have made hedgies so rich.
Our world’s billionaires don’t merit either their billions, the economist Didier Jacobs suggests, or the right to claim we’re all somehow living in a ‘meritocracy.’
That just may be Martine Durand, the chief statistician of the developed world’s most important research agency. How does she view her role and our inequality data future? Too Much asked.
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.