US Has Taken 70% Of World’s Wealth Gains Since 2012

By Paul Buchheit, -

America's super-rich are taking not only from their own nation, but also from the rest of the world. Data from the 2017 Global Wealth Databook (GWD: Table 2-4) and various war reports help to [...]

Act Out!: 400+ Reasons To Eat The Rich And More

By Eleanor Goldfield, -

By Eleanor Goldfield for This week on Act Out!, tempting though it may be to ignore all things real and political for the next few days, hiding behind cranberry sauce and turkey legs [...]

Relative Poverty Rate Increased By 1.3 Points In 2016

By Matt Bruenig, -

By Matt Bruenig for People's Policy Project - Every year the Census Bureau publishes the official poverty rate and the supplemental poverty rate. The official rate groups all related people in a [...]

America’s Wealth Inequality Has Reached Staggering New Levels

By Chuck Collins and Josh Hoxie, -

By Chuck Collins and Josh Hoxie for IPS - We tracked the rise of today’s uber-wealthy in a new report, “Billionaire Bonanza 2017: The Forbes 400 and the Rest of Us,” published by the Institute [...]

Public Higher Ed Skews Wealthy

By Rick Seltzer, -

By Rick Seltzer for Inside Higher Education - A majority of the country’s top public universities have grown less accessible for the most financially strapped students since 1999 -- and at the [...]

The Wealthiest 1% Inherited An Average Of $4.8 Million

By Nathaniel Lewis and Matt Bruenig, -

By Nathaniel Lewis and Matt Bruenig for Peoples Policy Report - Using the 2016 Survey of Consumer Finances, we broke down mean inheritance levels by wealth decile. It is important to emphasize [...]

The Trump-Goldman Sachs Tax Cut For The Rich

By Jack Rasmus, -

By Jack Rasmus for Jack Rasmus - “This past week Trump introduced his long awaited Tax Cut, estimated between $2.0 to $2.4 trillion. Like so many other distortions of the truth, Trump claimed his [...]

Top Ten Percent Now Own 77 Percent Of The Wealth

By Matt Bruenig, -

By Matt Bruenig for People's Policy Project. The Federal Reserve released the 2016 version of the Survey of Consumer Finances today. I will be doing a lot of work with this data in the coming [...]

Perverse Mobility: From BaltimoreGhetto To HabanaStation

By Cliff DuRand, -

By Cliff DuRand for The Center for Global Justice. Last year’s film hit in Cuba was “HabanaStation”, directed by Ian Padron. It is the touching story of a developing friendship between two boys [...]

Trump Tax Plan Is For The Superrich – Like Trump

By Staff, -

By Staff of Public Citizen - Donald Trump is going from a failed repeal of the Affordable Care Act, in which every proposal considered by the House and Senate Republicans made health insurance [...]

Report: The Road To Zero Wealth

By Staff, -

By Staff of Institute for Policy Studies and Prosperity Now - While households of color are projected to reach majority status by 2043, if the racial wealth divide is left unaddressed, median [...]

Tax Cuts For The Rich Help The Rich, Not You

By Josh Hoxie, -

By Josh Hoxie for Other Word - You’ll see images of families flashing across your TV screen while a soothing narrator assures you that the tax plan being debated in Washington really is good for [...]

After The Financial Crisis: How The Ultra-Wealthy Have Prospered

By Nick Beams, -

By Nick Beams for WSWS - It is said that a picture is worth a thousand words. The same might apply to a graph. One such case is a striking graphic, published in the Financial Times this week, [...]

The Coming Tax Fight — And Why We Need You!

By Chuck Collins, -

By Chuck Collins for Inequality - Are you ready to resist? With Donald Trump’s August 30 tax cut speech in Springfield, Missouri, the great tax fight of 2017 has now begun. The Trump tax cut [...]

What Happened To America’s Wealth? The Rich Hid It

By Chuck Collins, -

By Chuck Collins for Other WOrds - There's actually trillions that could be used to fix our roads and schools. The wealthy just don't want you to know where it is. If you find yourself traveling [...]