All those millions that America’s billionaires are pouring into super PACs, where do they come from? We can trace a huge chunk of that political cash to the truly massive tax cuts our richest now enjoy.
Behind last week’s record-smashing $2 billion sale of the Los Angeles Dodgers, a global economy that’s enriching only the world’s super rich.
Great economic cataclysms have in the past knocked the super rich off their stride. Our Great Recession’s deep pockets, stunning new income data show, are bucking the historical tide.
One puts on football pageants. Another makes mega millions on a virtual farm. They all remind us how much needs to change, economically and politically, in 2012 and beyond.
All sorts of federal agencies publish income inequality data. But only the nonpartisan Congressional Budget Office directly takes on America’s income inequality deniers.
America’s 400 richest now hold a fortune almost as large as their 2007 pre-Great Recession record. By Sam Pizzigati How swell a year have America’s 400 richest enjoyed over the past 12 months? This good: Google billionaires Sergey Brin and Larry Page each saw their personal fortunes jump by $1.7 billion over the year — […]
America’s super rich, new IRS income data show, partied on right through the depth of the Great Recession. And they shared precious little of their good fortune with Uncle Sam.
They came, they saw, they took it all. Welcome to the world where thieves have no honor and those most honored — with lavish rewards — hone their talents hammering the rest of us.
How much does inequality cost us? The United States holds far more wealth than any other nation in the world. Yet average people in 11 other countries, says landmark new UN research, are enjoying a higher standard of living than Americans.