Trinket magnate Jeff Bezos, America’s richest man, has made a very public charity donation of a $2 billion. The number sounds big, doesn’t it? In fact, it is a disgrace. Let us demonstrate:
“Inequality,” particularly of the economic variety, can seem abstract. It sometimes fails to move us as much as it should. Some delight in positioning it as somehow separate and apart from the concerns of “identity politics.” IT’S ALL THE SAME THING.
Due in large part to a centuries-long system of slavery, racial terrorism, and institutionalized discrimination, the average black household in America has less than a dime for every dollar a white household has. But guess who is more generous when it comes to charity donations?
The 2018 World Inequality Report highlights just how much worse inequality is in the US compared to in Western Europe. One statistic is particularly shocking—how income share is divided between the top 1 percent and everyone else in Europe versus in the States.
While our national economic discussion centers largely around slogans about WINNING and, on the other side, timid technocratic pablum, it is useful to keep in mind this fact: multinational corporations are robbing the entire world blind.
Here is who ultimately wields power in our political system: Rich people. And here is what they care about above all else: Tax cuts. Politics is an investment that pays off. The proof is in the numbers.
The United States of America—known everywhere as The Greatest Country in the World—ranks near the bottom of developed nations on measures of income inequality and government support for working people. Fortunately there is a solution that everyone knows will work.
Wow—yesterday was bad, politically speaking. In fact, the past year and a half has been bad, politically speaking. But as we all despair, it is very important to take a step back and remember: this could all get much, much worse.
I swear, Benevolent Billionaires For President season starts earlier every cycle. This year’s model is Howard Schultz, who is stepping down as chairman of Starbucks in order to spend more time with campaign hacks who want him to spend the next two years helping them afford down payments on new houses. Schultz went on…
Amazon CEO Jeff Bezos is the richest man in the world, with a net worth of $127 billion. Meanwhile, a staggering number of Amazon’s warehouse employees depend on food stamps to stay alive.
A rule of thumb that is pretty useful: Any political figure who says that they want to help the “white working class” is much more interested in helping white people than in helping the working class.
How fucked up is the American housing market, one of the biggest drivers of inequality? In many cities, the financial reward for owning a home is even bigger than the reward for having a job.
The CEOs of America’s biggest companies saw their median pay rise to $11.6 million last year, an all-time high. Of course, stock values are hitting all-time highs as well. These huge pay packages are a reward. So what about the rest of us?
The American Dream has always been built on a false sense of equal opportunity for upward mobility in this country, but a recent study found just how shaky a foundation that myth rests on.
Four hours west of Albuquerque, over the mud brown desert hills, past the impossibly expansive golden plains strewn with flat-topped mountains pressed on god’s griddle, north of Gallup, New Mexico, “The Most Patriotic Small Town in America,” in tiny Chinle, Arizona, off Indian Route 7, on a dirt-paved side street not…
Starting this year, America’s public companies are required to tell you how much the CEO earns as compared to the median worker. The distress surrounding this disclosure of basic facts is odd. After all, we’re all valuable team members in this company, right?
Since Republicans in Congress passed their sweeping, mind-bogglingly regressive tax legislation in December, people have wondered whether companies will use their tax windfalls on capital investments—also known as “spending money on doing business things, instead of hoarding it”—and how much of this new money would…
Nice Oscar awards last night. Lots of talk about equality and women’s empowerment. The biggest and most prominent advertiser supporting the ceremony: Walmart. Hmm.