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Commentary & Opinion
Commentary & Opinion
Source: Washington Post
Does 39.6 percent, which is today’s top marginal tax rate, sound like the optimal top marginal tax rate to you? No? How about 80 percent? Not that either? Well, if you’re concerned about reducing income inequality in the United...
January 27, 2014 Let’s Talk About the Wealth GapSource: NY Times
WASHINGTON — Much of the substance and tone of President Obama’s State of the Union address this week are predictable. So is the reaction: It won’t change many minds or political stands.
January 24, 2014 Davos 2014: There’s only one way to close the wealth gapSource: Telegraph
I’m in Davos this week, where more than 2,500 chief executives, government ministers and NGOs are assembled for the annual meeting of the World Economic Forum. After years of permafreeze, a thaw seems finally to have taken hold....
November 18, 2013 It's Economic Inequality Stupid -- What to Do About the Biggest Crisis Facing AmericaSource: Huff Post
In 1992, the Clinton for President campaign is said to have had a poster on the wall of its war room that read: It's the Economy Stupid. The object of the slogan was to keep the campaign on task. Its goal was to make sure that...
November 15, 2013 How McDonald's and Wal-Mart Became Welfare QueensSource: Bloomberg
It seems that welfare queens are back in the news these days. The old stereotype was an inner-city unwed mother -- that’s dog-whistle-speak for black -- having multiple babies to get ever bigger welfare checks (throw in a new...
October 22, 2013 Privatizing Profits, Socializing Losses—A Continuing SagaSource: Larry Checco
Washington DC -- As if we needed another example of how profits are privatized and losses socialized by corporations and top earners in this country. A recent study found that taxpayers are spending nearly US$7 billion a year to...
October 22, 2013 Humans Can Be Irrational, and Other Economic InsightsSource: NY Times
Alan Greenspan, the former Federal Reserve chairman, writes in his new book, “The Map and the Territory,” that he has been thinking about bubbles since the financial crisis of 2008. Specifically, he has been trying to understand...
October 7, 2013 Growing wealth gap opens gate to unrest: Our viewSource: USA Today
The impact of America's growing income inequality can be seen in protests, ranging from Occupy Wall Street in 2011 to the fast-food worker strikes this summer, and also in the changing political landscape where Democratic...
September 18, 2013 Capitalism vs CannibalismSource: Larry Checco
We are eating our own—and it’s all perfectly legal. Millions of Americans are still reeling from the aftermath of predatory mortgage lenders who would do or say anything to make a commission. Some preyed on first-time homebuyers...
September 16, 2013 What should we do about income inequality?Source: CNN Money
I find myself thinking more and more these days about income inequality. The New York Times published an astounding article Wednesday citing data that shows that America's top 10% of breadwinners had the largest share of overall...
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