For the average American, the US economy hardly merits any kudos. Two new data dumps make that reality even plainer.
Long-time Republican Party political strategists are having fits. If only we could get average Americans to focus in on the economy instead of The Donald, they’re telling all comers, the GOP would do just
Mexico rates as one of the world’s most unequal major nations, and the party of the presidential candidate topping the polls pledges to confront those concentrating the nation’s “economic and political power.
The upcoming presidential election in Mexico — now just eight weeks away — may well prove to be this year’s most significant worldwide referendum on inequality. Mexico, after all, rates as one of the world’s most unequal major nations, and the party of the presidential candidate currently topping the polls — Andrés Manuel López Obrador — is
High taxes on the rich, cheerleaders for grand fortune tell us, kill the entrepreneurial spirit. What does history tell us?
The orthodoxy that dominates today’s Republican Party — and the ranks of “business-friendly” Democrats — rests on a simple approach to economic policy. Let’s be nice, this orthodoxy holds, to rich people. Let’s be particularly nice at tax time. Let’s keep taxes on rich people, conservatives advise us, as low as possible. High taxes on high
The Congressional Budget Office has just released the latest iteration of its U.S. household income distribution series, and this new research rates as the nonpartisan agency’s most comprehensive yet.
Back in the 1980s, the decade that saw researchers start detailing America’s increasing concentration of income and wealth, flacks for the emerging Reagan economic order disdainfully dismissed the significance of the alarming new data. The United States isn’t getting more unequal, the Reaganites pronounced, and the middle class
We’re not talking El Chapo or any of his drug-running buddies. We’re talking about the mega-billionaire family behind one of America’s most profitable drug-industry empires, the privately held Purdue Pharma.
If the devil wears Prada, what do America’s most destructive drug pushers wear? They wear smiles. The drug pushers we have in mind here have caused hundreds of thousands of deaths, enough fatalities to
Deeply unequal societies, researchers have documented over the past four decades, generate far more of these stresses than more equal societies.
Rich people live longer than poor people. No big news there — we’ve known that health tracks wealth for quite some time now. But here’s what we haven’t known: The life-expectancy gap between rich and poor in the United States is actually accelerating. Since 2001, American men among the nation’s most affluent 5 percent have seen their
