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L-R: Alan Greenspan, Paul Volcker, Ben Bernanke. Photo credit: U.S. Federal Reserve / cc The obituaries for Paul Volcker, the former Federal Reserve chair who died December 8 at age 92… → Read More
Is America’s political discourse on inequality finally getting real? In the early going of the 2020 presidential campaign, this has become a question worth… → Read More
With personal fortunes worth dozens of billions, modern American deep pockets can afford one of just about everything. → Read More
With personal fortunes worth dozens of billions, modern American deep pockets can afford one of just about everything. → Read More
Public services almost always take it on the chin in societies where wealth starts furiously concentrating. Why should inequality have this impact? A little incendiary parable might help us understand. → Read More
Public services almost always take it on the chin in societies where wealth starts furiously concentrating. Why should inequality have this impact? A little incendiary parable might help us understand. → Read More
America’s awesomely affluent don’t have to place any bets to pull in the windfalls. They’re essentially hitting jackpots on a daily basis, as a “trifecta” of timely just-released research reminds us. → Read More
America’s awesomely affluent don’t have to place any bets to pull in the windfalls. They’re essentially hitting jackpots on a daily basis, as a “trifecta” of timely just-released research reminds us. → Read More
In deeply unequal societies, real gains for working people never come easy. → Read More
In deeply unequal societies, real gains for working people never come easy. → Read More
Two new official reports out of Washington trace our growing economic divide and the high price we pay, in dollars and lives, for letting that divide fester. → Read More
From the summit of our new ‘needle towers,’ the ultra rich can look but never really see. → Read More
Four decades ago, with the Proposition 13 property tax cap, California conservatives exploited frustrations over housing to help the rich become ever richer. Now progressives in New York have just turned the tables. → Read More
Four decades ago, with the Proposition 13 property tax cap, California conservatives exploited frustrations over housing to help the rich become ever richer. Now progressives in New York have just turned the tables. → Read More
We now have some new clues on the riches of our richest, thanks to the tax-evasion records whistleblowers have been so generously sharing. → Read More
We now have some new clues on the riches of our richest, thanks to the tax-evasion records whistleblowers have been so generously sharing. → Read More
In California’s Bay Area, two-thirds of the homeless haven’t been able to find temporary sheltering services. They live and sleep outdoors, many in lines of RVs parked along public right-of-ways like the waterfront in Berkeley. And that has infuriated nearby residents who’ve paid big bucks for their residences. → Read More
In California’s Bay Area, two-thirds of the homeless haven’t been able to find temporary sheltering services. They live and sleep outdoors, many in lines of RVs parked along public right-of-ways like the waterfront in Berkeley. And that has infuriated nearby residents who’ve paid big bucks for their residences. → Read More
How rapidly can U.S. tax rates on our highest incomes change? This fast: In 1916, Congress more than doubled the top federal tax rate on income over $2 million to 15 percent. A future House speaker confidently announced at the time that the top rate couldn’t possibly go any higher. His confidence would prove a bit misplaced. The top rate in 1918: 77 percent. Our contemporary rich now face a 37… → Read More
The more industries monopolize, the wider the gap between our richest and everyone else. → Read More