Jobs Lost Due To Financial Crisis Replaced With Ones That Pay 23% Less

By: Tuesday August 12, 2014 8:11 am

The top 1% are richer than we thought. http://t.co/AE4PGTyKR3 pic.twitter.com/ov34ipuZaG — Bloomberg VisualData (@BBGVisualData) August 11, 2014 It’s the fake recovery, stupid. Despite lavish talk of an economic “recovery”, consumer confidence has remained low. Unlike the 1% who are seeing their wealth climb higher on the back of juiced financial markets and tax cheating the [...]

Study: When States Lower Business Costs They Contribute To Wealth Inequality

By: Thursday July 17, 2014 6:59 am

When state governments try to create a better business climate they run the risk of encouraging a more stratified society, according to a new study by David Neumark and Jennifer Muz of the University of California. The study compares two different policy approaches to improve the business climate of a state – those that attempt [...]

Obama Backs Away From Inequality Debate To Comfort Corporate Democrats

By: Monday July 7, 2014 7:44 am

Months ago it was “the defining issue of our time”  today it’s a hazy memory of a dreamy talking point. According to the Washington Post, President Barack Obama has “largely abandoned” talking about wealth inequality in America to appease corporate Democrats worried about losing support from the wealthy contributor class. So instead of taking on [...]

1%er Warns Fellow Plutocrats Neoliberalism Will Lead To Violent Class Revolution

By: Friday June 27, 2014 10:58 am

Though Charles and David Koch may be grabbing the headlines promoting a 1% neo-feudal agenda, not everyone in the upper echelons of the American plutocracy is on board. Nick Hanauer, a super rich venture capitalist, recently wrote a piece condemning neoliberalism – often called “trickle-down economics” – saying the current economic system is not only [...]

Richard Florida Discovers Vaunted ‘Creative Class’ Making Things Worse

By: Tuesday May 13, 2014 11:05 am

In academia you need a new theory to distinguish yourself. Notice the word new not necessarily good. Richard Florida came up with a new theory. It went something like this – that a “creative class” of high tech yuppies – driven by technology, talent, and tolerance -  would drive economic development through the country, making [...]

As Hedge Fund Managers Rake In Record Pay Obama’s Economic Advisor Attacks Piketty

By: Monday May 12, 2014 10:29 am

2013 was a great year for high-tier hedge fund managers, even ones who pled guilty to securities fraud. The 25 highest paid hedge fund managers made over $21 billion in 2013, more than twice as much as all the kindergarten teachers in America combined. Whether those 25 men provided as great a benefit to our country [...]

Wall Street Republicans Looking To Support Hillary Clinton In 2016

By: Monday April 28, 2014 10:19 am

Now that New Jersey Governor Chris Christie has been severely damaged by the Bridgegate scandal, Republicans on Wall Street are desperately searching for a candidate they can count on to do their bidding in 2016. With a distrust for Senator Ted Cruz or Senator Rand Paul to follow orders, some are hoping former Florida Governor [...]

Charles Koch Offers Public Defense Of Using His Wealth In Politics

By: Thursday April 3, 2014 8:39 am

Charles Koch, CEO of Koch Industries, has offered a public defense of using his massive wealth to influence the political process in his favor. Koch claims he is “fighting to restore a free society.” Koch even went on to claim he is a victim because instead of focusing on his ideas people are noting the [...]

Record Student Debt Exacerbating Wealth Inequality

By: Friday March 28, 2014 10:49 am

As US student debt soars to the $1 trillion mark researchers are finding that the phenomenon is having long term deleterious effects on society. Namely the increases in student debt is widening the already massive wealth gap in America. The logic of the findings is hard to dispute – people paying out funds to service [...]

Wall Street Journal Doubles Down On Paul Ryan’s Critique Of ‘Inner City’ People

By: Monday March 24, 2014 8:05 am

After Congressman Paul Ryan went on Bill Bennett’s radio show and blamed poverty on “inner city” culture there was a public outcry. Most observers understood that the comment was a thinly veiled racial attack, a view bolstered by the context which included Ryan referencing Charles Murray, co-author of the extremely controversial book on racial intelligence [...]

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 [...]

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