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?
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.
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.
In the United States today, CEOs increasingly seem to have immunity from prosecution — and common sense. The latest excample comes to us from Atlanta.
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?
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.
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.
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.
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.
Norway has escaped the ravages brought on by the global financial collapse. What’s Norway’s magic formula? Share the wealth.
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.
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.