top 1 percent
In his inaugural address, Donald Trump correctly reported a crime -- the ongoing rip-off of America's working families -- but misidentified the culprits. That's not surprising, since he's one of them and plans to accelerate the theft now that he's in power.
The Federal Reserve's core guiding belief is that economic stimulus boosts economic growth, thus increasing employment opportunities, payrolls, tax revenues, corporate profits, retirement security and Wall Street wealth.
Some hedge funds and lawyers are going to be paying Uncle Sam a little bit more.
The poorest fifth of Americans would get just under 3 percent of the tax breaks.
For all the frantic, often chaotic political engagement swirling about us these days involving taxes, gun rights, religious liberty and foreign policy, Americans may well be overlooking an even bigger problem: Have we unconsciously consigned the American Dream to the proverbial dustbin?
Several evaluations of black and white wealth in America have surfaced over the past several months. Yet, these tools only tell part of the economic story. To truly understand the difference in economic access, you must look at the top of American wealth, and be honest about what you find.
The growing need for engaged, productive stakeholders is not filled magically. It requires a specific, intentional brand of leading - Relational Leadership.
In 1965, for every dollar earned by the average worker, CEOs earned 20 dollars. By 2012, that gap mushroomed to 354 to one. But, when asked in the survey, Americans grossly underestimated this gap.
The rich have gotten richer at the expense of the rest of us. "Stagnant growth at the middle is just the flip side of fast
T. Boone Pickens, the 85-year-old oil tycoon, was giddy to welcome Dr. Dre into the ridiculously rich people's club Friday
More importantly, tax rates on the wealthy aren't unprecedentedly high. As illustrated in this chart from the Congressional
Some political observers believe that if we only had competitive elections throughout the country -- if most congressional districts weren't gerrymandered -- then we would have more moderates in Congress and, therefore, less polarization. Think again. Polarization is the new normal.
The only way for our nation to regain its economic and democratic vitality in the years to come is to acknowledge the inherent poverty of America's new prosperity -- a prosperity for only the very few that is inherently anti-democratic and insidious. We can do much better.
Our new economic era is characterized by the supremacy of financial capital which vacuums up the productive wealth of the nation, and then uses the nation's wealth as an insurance policy to pay for its inevitable losses.
Much of the debate over taxing the wealthy focuses on taxing giant salaries. But a new study from the nonpartisan Tax Policy Center found that the real money for the wealthy is made from investments and business income—not compensation.
CNBC: "When we think about small business owners, these are 24-7 people and they can be working harder than you or me," said
The underlying message in the 1 percent's latest public relations blitz seems to be that the rest of us have it all wrong and whatever we think is going on is nothing more than a bunch of rumors coming from a few misguided loud mouths.