I lost everything during the financial crisis. The government decided that the perpetrators of the crisis were “too big to fail” and bailed them out with our money. I was not bailed out. Today, a [...]
When you want to determine how much poverty is reduced by the nation’s welfare programs, what you normally do is determine how many people are in poverty based on the distribution of market [...]
It’s no secret that homelessness in the United States, especially in California, has reached critical levels. That the wealthiest state in the wealthiest nation in the world is dealing with a [...]
Two truths lie at the heart of efforts to transition away from fossil fuels. The first is that to stave off the worst impacts of climate change, we must rapidly and dramatically reduce our carbon [...]
The pundit class collapsed back in its chair last week, exhausted and spent, from a furious wonk-off session over Bernie Sanders’s rhetoric on medical bankruptcies. The Washington Post’s in-house [...]
On August 21, the Humanitarian Coordinator for Yemen, Lise Grande, put out a heartbreaking call for nations to make good on their pledges to send humanitarian aid to feed destitute families in [...]
So let us do the math here. Providing every person $10,000 a year would sum up to about $3.2 trillion. This would be passive income paid out to people with no strings attached and without them [...]
The racial wealth gap is finally being discussed seriously in this election cycle and in the country. And some people are even citing the history of slavery, racism, and discrimination that [...]
The New York Times published an editorial comment on its front page in January 2019, provocatively entitled “abolish billionaires.” The editorial raised a serious question: what if instead of [...]
Failure to close the gap, leaving the majority of wealth among the super-rich, will cost the economy anywhere from $1 trillion to $1.5 trillion by 2028. The massive (and growing) wealth [...]
What this report finds: The increased focus on growing inequality has led to an increased focus on CEO pay. Corporate boards running America’s largest public firms are giving top executives [...]
The numbers are mind-boggling: $70,000 per minute, $4 million per hour, $100 million per day. That’s how quickly the fortune of the Waltons, the clan behind Walmart Inc., has been growing since [...]
"It's funny that the real truth about income inequality is not coming from the south like some would like you to believe—the sucking sound draining the middle-class is the 1 percent... Just [...]
The World Bank’s extreme poverty line of US$1.90 a day is in fact not based on real estimates of people’s cost of living within countries. This explains why it fails to capture the desperation [...]
Vivian Majors spent her life cleaning houses while her husband, Martin, worked as a carpenter. Their bodies broke down in their 60s. Martin now lives in a nursing home and has Parkinson’s [...]
