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.
As I write this commentary on International Holocaust Remembrance Day, I am outraged because of what I perceive as the use and misuse of the Holocaust by some to justify and maintain the enormous economic disparity in the U.S. and across the globe.
The reason is quite simple: Those workers are also consumers. When the 99 percent earn more, they spend more, and the one percent can produce more and earn more themselves.
You worked hard for that money. No one can deny that. You have been rewarded for your talent, your intelligence, your risk-taking, your creativity, and your good fortune. The notion that you should change a system that has worked so well must seem downright stupid.
On Moyers & Company, Robert Reich talked about his new film Inequality for All. The film explains why America's widening income gap is a threat -- not only to the viability of our workforce -- but also to the foundations of our democracy.
Obama's choice of Summers as chair of the Fed would deal a devastating blow to what little is left of the public's faith that the government will serve the common good and not the ultra-rich. For Summers is the perfect symbol of the insider's game that now dominates Washington.
During a period when the economy doubled in size, the total income earned by 90 percent of Americans didn't increase by a single penny. All the gains went to the richest 10 percent.
Larry Summers is the wrong guy for the wrong job at the wrong time. This pick is terrible politics and worse substance.
I've come to see the consequences of our inequality problem as running deeper, striking at opportunity and mobility in a manner that should cause grave concern among anyone who's paying attention, regardless of their political stripes.
There's no excuse for America to continue on the road of inequality. Plenty of other countries have managed to grow quickly without drastic inequality. Inequality is bad for democracy, health, safety, social cohesion and social mobility. Let's not let anyone sugarcoat it.
The reader may wonder whether Roger Myerson is making an effort at irony. No. Our family rule that it is impossible to compete with unintentional self-parody is once again vindicated.
With all the fanfare around the new movie version of The Great Gatsby, directed by Baz Luhrmann with a screenplay by Luhrmann and Craig Pearce, it's a great time to go back to the book and be reminded of F. Scott Fitzgerald's elegant, graceful writing.
This election was a clear and unequivocal victory for the populist positions the president took on the campaign trail. Don't believe the hype: This was a great night for progressives, populists and agents of change.
While the other folks gathered around Paul Ryan either gave Ted Kinnaman a wary eye or completely ignored him, he walked right up to Rep. Ryan, who turned to greet him. "I came to see how the other 1 percent is doing," Kinnaman said to Ryan.
While you still hear noises about "corrupt union bosses," what people complain about today it that labor unions are "elitist." Shocking as it may be, America's working people actually use the E-word when referring to other working people.
The real issue that divides the country right now is not the precise tax rate but whether we as a people share a common fate or not.