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Hard times, a rash of new media reports now assures us, are significantly narrowing the gap between the rich and everybody else. So why are so many super rich still smiling?

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In 2007, the year before the Great Recession began,  America's awesomely affluent partied — as never before. The evidence? Take a look at these freshly crunched income numbers from Berkeley economist Emmanuel Saez.

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USA Today is running a piece today that claims the rich are about to be socked by an unprecedented tax hike. Don't believe it.

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In the United States today, CEOs increasingly seem to have immunity from prosecution — and common sense. The latest excample comes to us from Atlanta.

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The  taxpayers of the United States, thanks to $182.5 billion in bailout aid, currently own 80 percent of the world’s  biggest insurance company, the high-finance giant AIG.  So who should we taxpayers have sitting on the AIG board to represent our  interests?

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Remember that $500,000 pay cap for bailed-out banking execs the White House announced in February? Under Treasury Secretary Geithner’s new rules for bailout pay, that max has become a minimum.

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Sun Jun 07, 2009 at 04:55 PM PDT

Cap and Save (the Economy)

by Sam Pizzigati

To rescue the global economy from reckless power suits, we just may need a 'maximum wage.' So say Australia’s top labor leaders and a fairly daring cohort of MPs in the UK.

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To achieve anything that resembles meaningful health care reform, many activists are realizing, we need to focus on the grand concentrations of wealth inside the health care industry — and beyond.

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Citi's top strategic analysts spent two years obsessing over luxury consumption by the rich. Last week, the ultimate symbol of that consumption — the fine art bubble — finally popped.

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Norway has escaped the ravages brought on by the global financial collapse. What’s Norway’s magic formula? Share the wealth.

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Tax-cutters inspired by Jack Kemp have always argued that high tax rates give the rich an incentive to cheat on their taxes. The reality: So do low tax rates.

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A noted World Bank economist is suggesting we need to concentrate less on the complexities of high finance and more on the noxious simplicity of our deeply unequal income distribution.

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