The American people clearly spoke, and the drubbing Democrats received requires looking beyond just issue polls, voting patterns, campaign strategy, or get-out-the-vote tactics.
wealth inequality
Follow:
-
In the Last 40 Years CEO Pay has Risen 937% – But Worker Wages are Stagnant
A new report published by the Economic Policy Institute shows that while wages for American workers have remained stagnant for decades, CEO pay has soared at an “outrageous” clip – reaching an average of $15.6 million at the largest firms.
-
Grenfell Tower Is a Shameful Symbol of Growing Inequality – and the Results of Austerity
The tragedy in West London has become a symbol of how a system of austerity, cutting corners and targeting the most vulnerable, ultimately scars society’s poorest.
-
"The System Is Rigged": Jeremy Corbyn Wants to Put Wealth Back in the Hands of Ordinary People
Ahead of next month's general election, the Labour leader said his party will overturn the rigged system by implementing fairer policies, including a minimum wage of £10 an hour and an increase in corporation tax for big businesses.
-
CEOs Now Make 300 Times More Than Their Workers. This City Is Putting a Stop to That.
Runaway CEO pay contributes to income inequality and ultimately harms companies, so local governments aren’t waiting for a federal fix.
-
New Evidence that Poor Americans Pay the Highest Taxes and Get Little of the Safety Net
Poor Americans pay about 25 percent in total taxes, while the 1% pays anywhere from 18 to 23 percent. Meanwhile, the richest 10% as a group receives almost as much government assistance as the poorest 50%.
-
Forbes 2017 Billionaires List: "It Was a Record Year for the Richest People on Earth."
The number of billionaires jumped 13% to 2,043 from 1,810 last year – the first time ever that Forbes has pinned down more than 2,000 ten-figure-fortunes – while their total net worth rose by 18% to $7.67 trillion, also a record.
-
90% of American Households Lost $17,000 In Wealth to the 1% in 2016
America has always been great for the richest 1% and it’s rapidly becoming greater, as multi-millionaires shifted nearly $4 trillion in wealth away from the rest of the nation to themselves last year.
-
Jeremy Corbyn Floats Idea of a U.K. Wage Cap to Reign In "Utterly Ridiculous" Exec Salaries
"This is not about limiting aspiration or penalizing success – it’s about recognizing that success is a collective effort and rewards must be shared. We cannot have the CEO pretending they are worth thousands times more than the lowest paid staff."
-
"Fat Cat Wednesday" Reveals Staggering Pay Gap Between British Executives and Workers
Findings from the High Pay Centre show jaw-dropping levels of inequality in Britain, where executives earning £1,000 per hour exceeded the average U.K. annual salary of £28,000 by lunchtime on Jan. 3 – dubbed Fat Cat Wednesday.
-
Remembering Anthony Atkinson, Godfather of Research into Income and Wealth Distribution
With a new Congress and White House committed to wealth’s concentration, we’ll sorely miss the scholar who dedicated his life to documenting wealth’s maldistribution.
