Tag: wealth inequality
Inequality in the U.S. is stifling economic growth and could cost...
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.
What is the point of your human life?
For some time now, I’ve been trying to assess the point of one’s human life. What makes you (or me) important or...
Should we abolish billionaires?
America now has more billionaires than at any time in history, while most Americans are struggling to make ends meet. With such...
Taxing the rich starts with knowing who they are
When we talk about the wealthy, who are we really referring to? Is it the billionaires on private jets? The neighbors up...
Time for a raise for New York car wash workers
The state legislature could end the sub-minimum tipped wage for car washers downstate.
From the 80s to today, the top 1 percent gain trillions,...
"Between 1989 and 2018, the top 1 percent increased its total net worth by $21 trillion."
Getting poorer while working harder: The ‘cliff effect’
In addition to boosting wages, it will take major policy changes, like making child care more universally available and affordable, to offset the skyrocketing costs of living for American workers.
Americans’ extinction denial syndrome
As the mad globalization of the economy and the funneling of all wealth to the tiniest segment of the ultra-rich carries on apace, perhaps the rest of us, struggling just to make the monthly payments for shelter and food, are losing that primal urge so critical to species survival.
It’s getting worse: The IRS now audits poor Americans at about...
As the agency’s ability to audit the rich crumbles, its scrutiny of the poor has held steady in recent years. Meanwhile, a new study shows that audits of poor taxpayers make them far less likely to claim credits they might be entitled to.
What is the major issue in the 2020 election?
"Do the wealthy contend that their excess wealth is needed by the economy?"