By Sam Pizzigati | – ( Inequality.org ) – In our United States today, all of us do not have an “equal opportunity” to become rich — or even comfortable. Rich people like things that way. Grand fortunes only grow grander when the richest among us have plenty of exploitable people around to exploit. To […]
How Contractor CEOs get Rich off Taxpayers
By Sam Pizzigati | ( Otherwords.org ) – Does anyone have a sweeter deal than military contractor CEOs? The United States spent more last year on defense than the next 10 nations combined. A deal just brokered by the White House and House Republicans increases that amount even further — to $886 billion. Defense contractors […]
The Return of GOP-backed Child Labor is another Good Reason to Tax the Rich
By Sam Pizzigati | ( Otherwords) – Ever since the middle of the 20th century, our history textbooks have applauded the reform movement that put an end to the child-labor horrors that ran widespread throughout the early Industrial Age. Now those horrors are reappearing. The number of kids employed in direct violation of existing child […]
Southwest’s Meltdown: Stock Buybacks, High Exec Pay, and Neglected Software Upgrades
() Inequality.org) – For America’s rich and powerful, the new year is beginning in a most inauspicious fashion. Millions of Americans are once again fuming at the greed and grasping of our deepest pockets. That fuming — from would-be passengers of Southwest Airlines and their families — filled airports throughout this past holiday week. For […]
Inequality Kills. But We Can Stop the Killing
( Inequality.org ) – Over a half-century ago, back in the mid-1960s, books about poverty abounded. But publishers paid relatively little attention to wealth’s concentration. A generation earlier, Americans had obsessed about grand private fortunes. By late mid-century, that obsession no longer excited either the media or the public. That would all soon change, particularly […]
Climate Emergency Caused our Scorching Summer, but Inequality meant it hit Workers Hardest
( Inequality.org ) – The heat. Never been hotter in our lifetimes. This past spring the mercury nearly hit 124 in the Pakistani city of Jacobabad, “just below,” notes science writer David Wallace-Wells, “the conventional estimate for the threshold of human survival.” This summer’s U.S. daily high temperatures are continuing our torrid global pace. America’s […]
Does the Future Belong to People Who Profit Off Our ‘Excessive Wealth Disorder’?
( Inequality.org ) – If Dustin Hoffman should ever do a remake of The Graduate, the classic 1967 film that launched his famed cinematic career, what might be the 2020s update for that film’s most iconic exchange? A good many of us still fondly remember that poolside party scene. A 21-year-old “Benjamin” gets pulled aside […]
Why Keeping Workers Poor Is actually Bad for Business
( Otherwords.org) – CEOs at America’s biggest low-wage employers now take home, on average, 670 times what their typical workers make. But we don’t just get unfairness when a boss can grab more in a year than a worker could make in over six centuries. We get bungling and inefficient businesses. Management science has been […]
Let’s Go after the Ill-Gotten, Tax-Evading Gains of All Oligarchs, not just Russian Ones
( Inequality.org ) – Can we please get serious about taxing the rich? Polls show that hefty majorities of people in the United States — and around the world — believe the rich ought to be paying more at tax time. Yet our contemporary don’t-tax-the-rich era has now entered its fifth consecutive decade. Egalitarian tax […]
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