Nobel Laureate Joseph Stiglitz explains how income inequality killed the "American Dream" and he puts to death the notion that everyone has the same opportunity to achieve it.
Why aren't Cupid's arrows hitting their lovelorn targets the way they once did? New research points to our growing economic divide.
We’ve always been told that “crime doesn’t pay.” Jamie Dimon and the Board of Directors of JPMorgan Chase beg to differ.
On the line are the lives of decent hardworking Americans, trying to cross over into the dignity of work but still caught in the barbwire of an historic global recession. The jobless rate for young African Americans (16-19 years old) was 35.5 percent in December.
New poem from Marge Piercy, how the rich and the rich in Congress despise and hate the poor..."If they could push a button, if they could war on the poor here at home as they do abroad directly with bombs instead of legislation, think they'd hesitate?"
America has been redistributing upward for some time – after all, “trickle-down” economics turned out to be trickle up — but we outdid ourselves in 2013. At a time of record inequality and decreasing mobility, America conducted a Great Redistribution upward.
The sad reality is that the only households with any 401(k) savings to speak of are white non-Hispanic, college-educated, married couples. Even within this narrow demographic, all but the wealthiest who use retirement accounts as tax shelters, would be better off under a more egalitarian and efficient system.
Inequality for All might convert a few, but, more importantly, it will give strength to all of us who are on the front lines of reversing income disparity in the U.S. and beyond.
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