Last month, for instance, Bloomberg reporters tracked down the world’s 25 richest families. Ten of the 25 happened to come from the United States. No other nation had more than four. Continue reading
This year’s Labor Day found millions of Americans—those who labor in offices—almost bubbling about the prospects for an epic transformation of their workspaces. Within Corporate America, working remotely may soon become a permanent standard operating practice. Continue reading
What happens economically when wealth tilts to the top? Most of us see immoral ugliness wherever wealth concentrates. Much more lurks that we need to see. Continue reading
If top U.S. corporate execs are still pocketing jackpots a decade from now, our environment has no shot.
Ace researchers dropped two blockbuster reports on us earlier this week. The first—from the UN Intergovernmental Panel on Climate Change, the IPCC—hit on Monday with a worldwide thunderclap. Continue reading
The great painter Diego Rivera would not appreciate what our richest are using for collateral.
No widely acclaimed artist in the 20th century baited and battled the rich with as much gusto as Diego Rivera. The Mexican painter’s Great Depression-era confrontation with Nelson Rockefeller, then the twenty-something grandson of the world’s single richest individual, captured front-page real estate all across the United States—and far beyond. Continue reading
Most of us see immoral ugliness wherever wealth concentrates. Much more lurks that we need to see.
Trickle-down is trickling away. The high priests of America’s trickle-down temple may still be preaching their gospel—the notion that enriching the rich will end up enriching us all—but fewer and fewer people are taking them seriously. The “facts on the ground” have simply become too compelling to ignore. Continue reading
Income tax disclosure ought to be the law of the land, not a criminal offense.
America’s super rich are seeing red over ProPublica’s bombshell release of data from their tax returns—and so are America’s tax collectors. Treasury Department officials have already referred this “illegal” and “unauthorized disclosure of confidential government information” to the FBI. Merrick Garland, the U.S. attorney general, has pledged to lawmakers that finding the source of the leak to ProPublica “will be at the top of my list.” Continue reading
We don’t have to organize our economy around enterprises that pay CEOs over 1,000 times what workers make.
McDonald’s workers in 15 U.S. cities staged a one-day strike last week. They’re demanding at least a $15 hourly wage for every McDonald’s worker. McDonald’s is resisting, pledging only to raise average wages to $13 an hour. Continue reading
The answer from a blue-ribbon medical commission on the Trump years: decades of rising inequality.
Back in April 2017, only a few months after Donald Trump’s inauguration, one of world’s most prestigious medical journals, the London-based Lancet, established a special commission to keep tabs on “Public Policy and Health in the Trump Era.” Continue reading
Donald Trump may have made his exit, but the CEOs his years smiled upon haven’t gone anywhere.
Walgreens has no buzz. Most every week millions of us walk into a local outlet of this drab drugstore giant and give the enterprise all around us not a second thought. Maybe we should. Continue reading
The heirs of the just-passed Sheldon Adelson, the biggest campaign donor of our time, could be poisoning our democracy for generations to come.
We haven’t seen the last of billionaire Sheldon Adelson. Or, to put the matter a bit more exactly, we haven’t seen the last of Sheldon Adelson’s fortune. Continue reading
‘Good government’ has always rested on equitable distributions of wealth and power.
How best to understand the assault on the Capitol this week? Might some historical perspective help us better comprehend how endangered our democracy has become? Could that perspective point us to a more promising post-Trump path? Continue reading
The nation’s woefully inadequate response to the pandemic is jeopardizing millions of retirement futures.
The all-time record highs that Wall Street has registered this week have given some Americans—the nation’s already rich—considerable cause for celebration. Continue reading
What could be better than a drug that can stop COVID? A society that doesn’t let some make billions off a drug millions can’t access.
Who doesn’t like a race? A grand global race, like the competition to run the first mile under four minutes. Or the race to scale the world’s highest mountain. Or be the first to walk on the moon. Continue reading
The problem runs even deeper than Donor Class donations.
Have you heard the latest about the strategic political genius of billionaire Michael Bloomberg? Continue reading
Higher voter turnouts mask the reality of the ‘affluent authoritarianism’ that now governs America.
In real horse races—races that actual horses run—the winners go on to run other races. Racehorses do races. They have no other responsibility. Continue reading
This package of serious tax-the-rich proposals will have no easy road through Congress.
Want to know where the 2020 presidential election is heading? Don’t obsess about the polls. Pay attention to the tax lawyers and accountants who cater to America’s most wealthy. Continue reading
Top corporate execs, turns out, are making even more than we previously thought.
How much do America’s big-time corporate CEOs make? Such a simple question, right? Not quite. Economist Larry Mishel has been working to get the answer right—for decades. And now Mishel, a former president and currently a distinguished fellow at the Washington, D.C.-based Economic Policy Institute, has just released his latest take on the corporate pay universe, a set of newly revised stats that track the past half-century of executive compensation. Continue reading
Nurses are losing lives and jobs while execs rake in million after million.
How’s pandemic life been going for you? If you work in America’s health care industry, that depends. That totally depends. Continue reading