Every now and then something so graphic appears, that keys into an issue so profoundly that no further explanation is needed. Please watch this video now. It's about six and a half minutes long, and it will shock, and hopefully stir you to a new awareness and action.
Our inadequate form of state capitalism, and not a culture of laziness, is clearly responsible for the lion's share of economic suffering in this country. You cannot look at the data and seriously claim otherwise.
Convinced that excessive inequality is unjust and has bad consequences on social cohesion, political participation, and economic growth, Atkinson is intent on stimulating a national conversation about the distribution of income.
Not surprisingly, economic inequality is growing in the United States. From 1978 to 2013, CEO compensation, inflation-adjusted, grew by 937 percent, while the typical worker's compensation over that same period grew by only 10 percent.
The path to financial stability is harder to navigate than it has been in almost a century. And yet, the 99 percent forge ahead unappreciated by the fortunate few who reap the profits and call themselves deserving.
Growing economic inequality as we have had in America for the past three decades directly impacts million of lives and destroys millions of dreams. It's not just about economic policy. It's about right and wrong.
If we were to take an honest look at America's "losers" and "winners," we'd have to admit there weren't signs of onrushing socialism or fascism, but of staggeringly self-aggrandizing greed and theft right in the here and now.
In what must rank as one of the most ironic coincidences in history, "Happy Days Are Here Again" was recorded on the day that was to be called "Black Tuesday" and become synonymous with the with the onset of the Great Depression.
Sometimes you can't declare victory until the other side concedes defeat. That's what happened Monday in the decade-long struggle over the future of the estate tax, our nation's only levy on inherited wealth.