Skip to main content

Problems of the Super-Rich

Lawrence Wittner Huffington Post
Based on recent economic developments, the super-rich don’t have much to complain about. Yet, the super-rich face the problem of how long people are going to tolerate a situation in which just eight men possess the same wealth as half the world’s population.

We, the Plutocrats vs. We, the People - Saving the Soul of Democracy

Bill Moyers Tom Dispatch
Our country's greatest failing, the true disaster, of our time: the scourge of growing inequality, economic and political. It is despicable as the very wealthy convert their financial might into political power to guard that wealth while exacerbating inequality further. This is the vast difference between a society whose arrangements serve all its citizens or one whose institutions have been converted into a stupendous fraud - democracy in name only.

The Ever-Growing Gap: Failing to Address the Status Quo Will Drive the Racial Wealth Divide for Centuries to Come

Chuck Collins, Dedrick Asante-Muhammed, Josh Hoxie and Eman Institute for Policy Studies
The typical millionaire receives about $145,000 in public tax benefits, while working families get a grand total of $174 on average. In 2043, minorities will be the majority and the will have doubled. The lingering effects of generations of discriminatory and wealth-stripping practices have left black and Latino households far behind white families, and may impact their economic trajectories in the decades to come.

The Sanders "Economic Plan" Controversy

Dave Johnson; Chris Sturr Campaign for America's Future
When you dare to do big things, big results should be expected. The Sanders program is big, and when you run it through a standard model, you get a big result. - James K. Galbraith (former Executive Director of the Joint Economic Committee - the congressional counterpart to the CEA). Paul Krugman in The New York Times has attacked Sanders' economics. Here a number of prominent economists respond, showing how big a change the proposals actually are. They are HUUUGE.

Tidbits - Feb. 11, 2016 - What do Wealthiest Deserve; Bernie or Hillary - Ben Jealous, Danny Glover, Harry Belafonte, Lee Saunders; Teaching with Protest Music; Uber Drivers Organize; Announcements; Resources; more...

Portside
Reader Comments: What do Wealthiest Deserve?; Bernie or Hillary - Ben Jealous, Danny Glover, Harry Belafonte, Lee Saunders; Teaching with Protest Music; Israel Crackdown on Palestinian Peace Activists; Uber Drivers; B-52's Failed Against Hanoi; Announcements: Rebellious Lawyering; "The Fight to Vote Resources: New York Times Spoof Site Back Up; New Rosa Parks website; Black History Month - A Bad-ass from History; Tufts University Study on TPP'; The Armenian Genocide

books

Parking the Big Money: Tax Havens and Capital Flight

Cass R. Sunstein New York Review of Books
"The proletariat of each country must, of course, first settle matters with its own bourgeoisie," Marx wrote, but the corporate class formatively battles internationally, including locating fake corporate headquarters to low-tax nations, in effect bleeding their home sovereign nations of tax dollars, starving state services and aiding in turning both governing and opposition parties into austerity regimes. This book and film chart the practice and ways to combat it.

With Chicago Tired of "Mayor 1%," Chuy García Could Actually Win His Runoff with Rahm Emanuel

Kari Lydersen In These Times
While money poured into the recent mayoral and aldermanic elections, voters showed that they are tired of business as usual. Chicago has been portrayed internationally as a symbol of the growing chasm between America's haves and have-nots, the 1% and the 99%, a "tale of two cities." The concept worth contemplating now is that Chuy García could actually win. It would be a story for the ages.

With Chicago Tired of "Mayor 1%," Chuy García Could Actually Win His Runoff with Rahm Emanuel

Kari Lydersen In These Times
While money poured into the recent mayoral and aldermanic elections, voters showed that they are tired of business as usual. Chicago has been portrayed internationally as a symbol of the growing chasm between America's haves and have-nots, the 1% and the 99%, a "tale of two cities." The concept worth contemplating now is that Chuy García could actually win. It would be a story for the ages.

Tidbits - February 26, 2015 - Netanyahu; Greece; George Washington, Slavery, Populist Challenger, Lynching, Teachers, Militarized Future, Water Privatization, and more...

Portside
Reader Comments- Netanyahu Doesn't Speak for All American Jews; SYRIZA, Greece; George Washington and Slavery; Lesley Gore; Needed-Populist Challenger; Tax Top Incomes; Militarized Future; Mississippi's Racial Murders; Ai-jen Poo, Aging; Walmart; West VA Coal; Bad Cops; Chapel Hill Murders; Water Privatization; Teachers and Education Today; Medical Volunteers Needed: Rojava Announcements: Film "Made in Dagenham", Identity Politics-Foundation for Coalition Building
Subscribe to 1%