Business Leaders Agree: Inequality Hurts The Bottom Line

By Chuck Collins, -

A growing number of corporate leaders say it's time for them to start sharing the wealth. For decades, big business leaders have warned that redistributing wealth is bad for business. Taxing the [...]

“If Poor People Knew How Rich Rich People Are, There Would Be Riots In The Streets”

By David F. Ruccio, -

All the experts agree—from Thomas Piketty and the other members of the World Inequality Lab team to John C. Weicher of the conservative Hudson Institute—that inequality in the United States, [...]

Richest 2% In US Made More Money Than Cost Of Entire Safety Net

By Paul Buchheit,  -

How was their money made? Almost entirely by passively waiting for the stock market to go up. The data sources for this report are Forbes and Credit Suisse, both of which provide precise numbers [...]

Meet Dariel Garner, The ‘Billionaire Buddha’

By Chuck Collins, -

At one time, Dariel Garner was worth hundreds of millions of dollars. Over his life, he started and owned over 40 businesses on four continents with thousands of employees. His enterprises [...]

The Median Young Family Has Nearly Zero Wealth

By Matt Bruenig, -

Using the Survey of Consumer Finances, I calculated various wealth series for young families with heads below the age of 35. Here is median net worth for young families. I include both the net [...]

WaPo Defends Its Owner Against Charges That He’s Very Wealthy

By Jim Naureckas, -

Awkwardly enough, one of the world’s six wealthiest people is the owner of the paper doing the factchecking. Or as the Postcoyly put it, “(Among the names on the list: Jeffrey P. Bezos, the chief [...]

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 [...]