The U.S. Department of Homeland Security (DHS) recently published its final set of regulations on “public charge,” which amount to a racially-motivated wealth test on immigrant families and [...]
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 [...]
The next Congress faces a stunning array of challenges — on health care, gun policy, climate change, you name it. One crucial challenge starved of attention, however, is what I call runaway [...]
By Shayanne Gal and Hilary Brueck, Businessinsider.com -
The United States is home to more millionaires than any other country in the world. But whether the country is truly the wealthiest in the world depends on how you measure. A report released by [...]
“The past 30 years have seen far greater wealth creation than the Gilded Age,” the UBS annual billionaires report says. During a year in which so much of the world faced deep poverty, [...]
It took 100 years, but America has returned to its unequal past. With a vengeance. The year many consider the height of the Gilded Age, when John D. Rockefeller’s wealth was at its peak, was [...]
By Chuck Collins and Helen Flannery, Inequality.org -
Over the years, the IPS Program on Inequality and the Common Good has examined the ways that extreme inequality effects philanthropy. In 2016, IPS published the report Gilded Giving: Top Heavy [...]
Five powerful families? Is this about the mafia? No, for these five families, it’s not la cosa nostra, “the thing of ours.” Rather, it’s la cupidigia nostra, “the greed of ours.” And it’s their [...]
There is a large wealth gap between white families and nonwhite families — a gap that impacts the economic stability of entire communities. According to 2016 Federal Reserve data, median wealth [...]
By David Stockman, informationclearinghouse.info -
December 21, 2017 "Information Clearing House" - Since last November 8th the Russell 2000 has risen by 30% and the net Federal debt has expanded by an astounding $1.0 trillion dollars. In a [...]
Entrepreneurship can be a powerful force for prosperity. Business ownership gives entrepreneurs the opportunity to earn more money and create jobs. But this pathway to self-made success is mostly [...]
By Chuck Collins for Inequality - Just as Congress begins debate on the Republicans’ “Tax Cut and Jobs Act,” new revelations have emerged about how wealthy elites around the world hide their [...]
By Rivera Sun for Kosmos Online - Historically, the rise of massive individual wealth has been accompanied by the destruction of many forms of common wealth through conquest, colonization, [...]
By Paul Buchheit for Buzz Flash - Housing: Start with the homes, the expensive homes, the estates. For the mortgage interest deduction alone, households earning over $100,000 in 2012 claimed 77.3 [...]
By Dariel Garner for Popular Resistance - Offshore companies and secret bank accounts not only conceal tax evasion, fraud and other illegal activities; they are also, where the wealthy hide their [...]
