Tag: income inequality

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The New Gilded Age

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On October 22, 2014
And we keep marching on into the New Gilded Age: Once upon a time, the American economy worked for everybody, and even the middle class got richer. But this story has only been a fairy tale for almost 30 years now. The new, harsh reality is that the bottom 90 percent of households are poorer […]

17,000!!!

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On August 21, 2014

Wow, the Dow topped 17,000! That must mean these corporate profits are really trickling down to American workers, right? Call it the no-raises recovery: Five years of economic expansion have done almo

In other words, people who whine that the poor have cell phones instead of their proper role of starving or that those “choosing” to have something like a cell phone rather than health insurance are the undeserving poor are idiots. Because these often aren’t actually choices and even if they are, what the hell is […]

Income Inequality

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On August 8, 2014

Standard and Poor’s says that American income inequality is impeding the nation’s economic recovery. Rising levels of income inequality in the U.S. is a drag on economic growth, and was a

The New Gilded Age

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On July 28, 2014
For the plutocrats, the real outrage is that income inequality hasn’t grown by more. Give it another 5 years: Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too. The inflation-adjusted net […]

Bad Business Fee

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On July 22, 2014

Should businesses who pay atrocious wages, just offloading the responsibility to keep people fed and clothed onto the state, be taxed to make up for it? Can you name the worst job you’ve ever had? F

Class War: Yes Please

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On July 17, 2014
I mostly agree with Harold Meyerson’s essay on the Democrats reaping a huge political opportunity by refocusing itself on class-based issues. While I might quibble with a couple of points (not sure FDR’s speechmaking is relevant plus it plays into green laternism), there’s a lot to suggest real political opportunities. Polls and demographics are a […]

The Great Divide

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On June 29, 2014

Joseph Stiglitz is ending his The Great Divide series on the Times and in doing so notes that extreme economic inequality under capitalism is not inevitable, but rather a series of policy choices: So

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