fromTMO
Why 2016 May See Record Top 1%
America’s highest earners could be rushing to maximize their 2016 incomes after Election Day. But what happens next will be what really matters.
An Anthropology of the Luxury Life?
Social scientists are starting to place the lives of the wealthy under the same microscope formerly trained on primitive tribes in Borneo. Could their research ever explain phenomena like the Donald?
Getting Beyond the ‘Buffett Rule’
In 1944, the year billionaire investor Warren Buffett first paid income tax, Americans ‘soaked the rich’ — and benefited mightily from the soaking.
Sandbagging for Fun and Profit
Wells Fargo has just been hit with the biggest banking consumer fraud penalty ever. Yet the bank’s execs are walking out the door with millions in bonuses. Can we stop them?
Still Feeling the Great Recession?
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.
Extracting a Cold Corporate Truth
For today’s top execs, the contemporary corporation has become a personal ATM — with no limits on withdrawals.
For the Wealthy, a New Worry
Lobbyists for America’s grandest fortunes may want to raise their rates. Capitol Hill is getting a gadfly who can really sting.
Big Headlines for a Tiny Wage Hike
Billionaire banker Jamie Dimon announces a wage hike and says he’s fighting inequality. If we take him seriously, the joke — and much worse — will be on us.
The Forgotten Spirit of 1776
We all know what happened in the City of Brotherly Love 240 years ago on July 4. Maybe we should also pay some attention to what happened two months later.
Inequality and the Cash Register
Flacks for grand fortune would have us believe the rich are performing a public service every time they shop. Researchers tell a different story. Consumption by the rich ups the prices the non-rich pay.
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