Billionaire Ken Langone Who Funded Elliot Spitzer Takedown Operation Claims Liberals Are Like Hitler

By: Tuesday March 18, 2014 8:35 am

Ken Langone: So rich he can afford to fire anybody who would tell him not to say stupid s–t in public http://t.co/CRtkfV2tWI — Glenn Thrush (@GlennThrush) March 18, 2014 Billionaire Ken Langone is the latest 1%er to join the ranks of the abysmally stupid that gain entry by making ridiculous statements about Nazi Germany and [...]

Report: 85 Richest People Have More Wealth Than Poorest Half Of The World

By: Tuesday January 21, 2014 5:47 am

According to a new report by Oxfam titled Working For The Few the wealth of the 1% richest people in the world amounts to $110 trillion, or 65 times as much as the poorest half of the world. Notably Oxfam does not buy into the nonsense about technology and education leading to yawning gaps in [...]

Poll: Americans No Longer Believe In American Dream

By: Wednesday December 11, 2013 8:44 am

With even President Obama lamenting the loss of social mobility in America it now seems the majority of the American people no longer believe in the American Dream. According to a Bloomberg Poll the “land of opportunity” meme, long established irrespective of evidence, has finally been smothered by the realities of plutocracy. The widening gap [...]

As Nation’s Income Gap Widens DC Sees Boom Times

By: Monday November 18, 2013 7:59 am

It was the best of times, it was the worst of times. As poverty and unemployment numbers are revised upwards and the nation’s income gap widens, DC is having boom times as the Dow crosses 16,000. Truly a tale of two economies with a 9.9 out of 10 chance that you aren’t in the one [...]

On Taxes, Redistribution, and the Need to Focus on Pre-Tax Inequality

By: Friday November 30, 2012 8:30 am

Ryan Grim has some backstory on the White House’s aggressive opening bid last night. It turns out that President Obama offered this same deal to Republicans earlier this month at the White House. Republicans expected that Tim Geithner would bring a softer offer with him, part of the trend verified by recent history of the [...]

Mark Begich’s Plan to Stop the Effects of Inequality on Social Security Finances

By: Friday November 16, 2012 10:52 am

I will be on Mark Thompson’s Make It Plain show on Sirius/XM – I’m actually on every Friday – and we tape early, so I can tell you that one of the things I’ll talk about is how Social Security’s long-term funding is an artifact of rampant US inequality. See, we have a payroll tax [...]

War on Facts: Republicans Complain About Nonpartisan Congressional Study on Tax Cuts for the Rich, Get It Taken Down

By: Thursday November 1, 2012 11:35 am

Senate Democrats have liberated a report from the Congressional Research Service which Senate Republicans successfully got the nonpartisan research arm of Congress to retract. The report argued that there is no evidence that tax cuts for high-income earners boosts economic growth, which Republicans didn’t want out in the public sphere. Here’s what Senate Democrats said [...]

Break Up the Banks for a Faster Economy

By: Saturday October 27, 2012 9:39 am

This week, ex-banker Charles Morris, who was featured in the documentary Inside Job, brings us compelling evidence that countries with a large financial sector create lesser economic growth than countries that have restrained that sector. While a well-functioning financial system is key to growth, there’s a balance that needs to be struck, Morris writes: Once [...]

Short-Term Economic Performance Does Not Equal Fixing Long-Term Structural Economic Problems

By: Wednesday October 24, 2012 1:26 pm

The Federal Reserve stood pat today, determining that they would continue with QE3 despite the relative improvement in economic performance. This clears one hurdle lingering in the minds of some observers: would the Fed have the resolve to stay the course, even if the economy strengthened, which would probably lead to an uptick in inflation? [...]

France Calls for Top Marginal Tax Rate of 75%

By: Friday September 28, 2012 10:47 am

France has announced a massive redistributive tax program which would send the top tax rate soaring and increase taxes broadly on the top 10% of society. French Prime Minister Jean-Marc Ayrault has said that nine out of 10 citizens will not see their income taxes rise in the new budget. He has confirmed that there [...]

Labor Income Dropped Off the Cliff Starting in 2000

By: Wednesday September 26, 2012 9:11 am

After Mitt Romney released his tax returns, there was a minor debate on the left over capital gains taxes. Clearly Romney’s low tax rate was a function of the reduced 15% rate on investment taxes like capital gains and dividends. And some made arguments about how this merely reflected classical economic thinking, that investment should [...]

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