Author Archives: Bob Lord

American tax policy in the age of trillionaires

Have we just about decided that the further accumulation of billionaire fortunes makes for good public policy?

Barely a year ago, my colleagues Chuck Collins and Omar Ocampo noted the passing of “a disturbing milestone in the U.S. history of concentrated wealth and power.” On August 13, 2020, just twelve obscenely wealthy Americans held a combined $1.015 trillion. They called those twelve the “Oligarchic Dozen.” Continue reading

There’s plenty of wealth to go around—it just doesn’t

We've ‘grown the pie’ massively since the 1980s, but it hasn't resulted in ordinary Americans getting a bigger slice.

Get ready to hear a lot about baking this campaign season. Continue reading

America 2018: Even more gilded than America 1918

Wealth is more concentrated now than it was in John D. Rockefeller's day.

It took 100 years, but America has returned to its unequal past. With a vengeance. Continue reading