The United States currently hosts 153 billionaires too poor to make it into the annual Forbes list of the nation’s richest 400.
“It is not true that Mexicans are to fault for the problems of the United States. There are other causes. For instance, the great inequality in the United States.”
Andres Manuel Lopez Obrador, president of Morena, Mexico’s new leading opposition party, National Press Club, Washington, D.C., March 15, 2017
Pets in flight . . . Why we need Jimmy Stewart back . . . A banker who has survived the housing crash in smashing style.
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.
In any society where wealth and income concentrate overwhelmingly at the top, the affluent will almost always come to sneer at public services and the men and women who provide them . . . Census data reveal that incomes only growing at the top.
Corporate execs and billionaire ideologues are creating — at taxpayer expense — a network of schools where learning takes a back seat . . . America’s great income flip-flop . . . The super rich and super security.
In our current economic and political environment, we’re letting top executives of giant corporations expropriate public ‘property’ for private gain . . . Some historical context for Mitt Romney’s 13.9 percent 2010 tax rate.
The national leader of one of America’s feistiest unions is aiming to expand the economic fairness debate. He’s proposing a cap on incomes at the top that rises only if incomes at the bottom rise first . . . Do the rich give more to charity than everyone else? . . . The forgotten Koch brother.
Inside this issue: The old robber barons exploited workers and gouged consumers. Today’s robber barons are making tens of millions off a lucrative new class of victims: average American taxpayers . . . The dark money of the ultra rich . . . Caterpillar’s bad apple.
The United States already sports an exceedingly rich people-friendly tax structure. But America’s rich have far more friendly tax models in mind. Like Singapore.