According to a new report by Oxfam titled Working For The Few the wealth of the 1% richest people in the world amounts to $110 trillion, or 65 times as much as the poorest half of the world. Notably Oxfam does not buy into the nonsense about technology and education leading to yawning gaps in wealth inequality but properly notes that abuses of power and thievery are principally to blame.
|By: DSWright Tuesday January 21, 2014 6:47 am|
|By: DSWright Friday January 10, 2014 11:55 am|
Next time you wonder why Congress is so out of touch with the average American – don’t. According to financial disclosures, for the first time in history Congress is now majority millionaire. The 1% don’t just own the government, they operate it.
|By: DSWright Friday January 3, 2014 5:01 pm|
The news outlets catering to the market fundamentalists have begun to attack the idea that there even is inequality.
|By: masaccio Sunday November 24, 2013 10:30 am|
It would be easy to finance a big increase in Social Security by applying FICA taxes to income over $750K for Human Persons, and $10 million for Corporate Persons, Endowments, Trusts and other forms of hiding wealth.
|By: spocko Friday September 20, 2013 6:40 pm|
I’m sitting outside in a cafe on a rare sunny day in my part of SF, reading a fascinating book, Nexus, about the next stage in human evolution. Will we use our technology for creation or destruction? To lift people up or enslave them? Will we lead with compassion and love or hate and anger?
Two guys sit next to me. One, late 20′s Asian in a tee shirt, the other a “bro” in sunglasses and a faux tux shirt. Think 20-something, less-handsome Christian Bale from the movie American Psycho.
Bro starts talking about a girl he met while with his girlfriend, Hailey, at a bar. He describes her as “ugly, like Windows 8″ (which was kind of clever, but clearly it was a new joke he was working) and talks about giving her advice on men and suggests she lose weight. He sells it to her with the line, “I wouldn’t be telling you this if I didn’t think you had potential.” His girlfriend, “Gave me a talking to about this, but it felt good though to tell an ugly girl to lose 20 pounds.” he said laughing.
|By: DSWright Friday May 31, 2013 6:48 am|
According to a new study by the Federal Reserve, American households have regained less than half of the wealth lost during the recession. While the wealthiest have actually gained since the crash the 99% are still not nearly whole.
|By: DSWright Thursday January 3, 2013 1:46 pm|
Sometimes it seems like the system is rigged and the rich just keep getting richer – it seems that way for a reason, it’s true.
|By: Knut Saturday May 19, 2012 1:59 pm|
It is an honor and a pleasure to have Paul Krugman at the Lake this afternoon for a conversation on End This Depression Now! Dedicated “To the unemployed, who deserve better,” the book is a condemnation of the policies and mind-set that have produced the worst economic depression since the 1930s. And unlike the Great Depression, which contemporaries did not understand, we know what to do; the current depression is entirely self-inflicted. The broken homes and ruined lives are not attributable to acts of God or the inscrutable logic of the market, but are the direct consequence of public decisions that have amplified the inherent risk of private credit by deregulating financial operations and the attempt to balance the budget when aggregate private demand is collapsing. The central message is that none of this suffering is necessary, and none of it is justified.
|By: Blue Texan Sunday November 6, 2011 1:00 pm|
Gosh, where would anyone get that idea?
|By: Blue Texan Tuesday September 27, 2011 11:00 am|
Looks like Ted Leonsis, the billionaire who owns the Washington Wizards, got his fee-fees hurt when the president said all those mean things about rich people having to pay more taxes.