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News & Information

News & Information

April 17, 2014 Is a global wealth tax the key to reducing income inequality?

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...

April 16, 2014 5 Takeaways On Wealth and Inequality From Piketty

Source: Wall Street Journal

French economist Thomas Piketty has caused an international stir recently with his book about disparities in international wealth and income, Capital in the Twenty-First Century. The widening gap between the very rich and...

April 9, 2014 New U.S. CEO-worker pay ratio regulation fraught with grey areas

Source: Financial Post

Let the hyperventilating over CEO pay begin. Thanks to auto parts magnate Frank Stronach and the tidy US$52-million he pocketed in consulting fees from Magna International Inc. last year, the annual outrage over runaway CEO pay...

April 3, 2014 The Shocking Rise of Wealth Inequality: Is It Worse Than We Thought?

Source: Business Insider

America's gap between the rich and the rest might be worse than we ever knew. Economists Emmanuel Saez, of the University of California–Berkeley, and Gabriel Zucman, of the London School of Economics, are out with a new set of...

April 3, 2014 U.S. Residents Paid 9.8% of Their Income in State, Local Taxes

Source: Bloomberg/BusinessWeek

U.S. residents paid 9.8 percent of their income in state and local taxes in 2011, a slight decrease from the 10.2 percent a year earlier, according to a Tax Foundation report. The highest burdens were in New York, where residents...

April 1, 2014 How You, I, and Everyone Got the Top 1 Percent All Wrong

Source: The Atlantic

For years, I've been making the same embarrassing mistake about U.S. economic inequality. Sorry. I've written, over and over, that the most important divide in our wealth disparity was between the 1 percent and the 99 percent....

March 28, 2014 How rising student loan debt is widening the wealth gap

Source: CBS News

Every month that Gregory Zbylut pays $1,300 toward his law school loans is another month of not qualifying for a decent mortgage. Every payment toward their student loans is $900 Dr. Nida Degesys and her husband aren't putting in...

March 26, 2014 The Wealth Gap Widens, As The Poor Lose Ground

Source: Ideastream.org

Cities tend to be hubs of the extreme when it comes to income. In an urban center you will find the best-paid lawyer or banker, just as you will find folks relying on social assistance and public housing. The causes and effects...

March 20, 2014 How public sector layoffs add to the racial income gap

Source: MSNBC

There have been better times to be a public sector worker. Over the past several years, government employees have been buffeted by across-the-board sequestration cuts, a years-long federal pay freeze, unpaid furloughs, benefit...

March 5, 2014 Does the president’s budget present solutions for closing the economic gap? = text/video

Source: PBS Newshour

President Obama’s 2015 budget proposal includes new spending for preschool, job training and public works and would expand the Earned Income Tax Credit for low-wage workers. Judy Woodruff talks to Robert Greenstein from the...

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