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Rich

U.S. Income Inequality: Top 1 Percent Take Home 24 Percent Of U.S. Income

The New York Times | NICHOLAS D. KRISTOF | Posted 05.25.2011 | Business

The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. As Timothy Noah of Slate noted in an e...

From Changing Diapers to Buying Your Own Island

Natalie Pace | Posted 05.25.2011 | Divorce
Natalie Pace

When I first divorced, I, like most people, was overwhelmed with financial crises. With two houses to support (my ex's and mine), our expenses had do...

Friday Talking Points [149] -- Making Holiday Sausage

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

The holidays are just around the corner, and the preparatory legislative sausage-making on Capitol Hill is in full swing. What a happy, happy time of...

Dear Mr. President, Please Don't Extend The Bush Tax Cuts

James Kwak | Posted 05.25.2011 | Business
James Kwak

The Bush tax cuts were bad policy when they were enacted, and they are bad policy today. Extending them would dramatically enrich the wealthy relative to everyone else: 26.8 percent of the benefits would go to the top one percent of wage earners.

The Bush Tax Cuts and the Republican Cult of Affirmative Action

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

Capitalists believe in rewarding success and punishing failure. Well, we have ten years of performance data on the Bush tax cuts, and they failed by every possible criterion.

The Decline Of The Middle Class And Lobbying Boom Of The 1970s

BaselineScenario.com | James Kwak | Posted 05.25.2011 | Politics

In "Third World America," Arianna Huffington cited Tocqueville's observation that democracy should promote the interests of "the greatest possible num...

Millionaire Investors Turn Sharply Bearish On The Economy

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) -- The Spectrem millionaire investor confidence index fell to its lowest level in more than a year in August as wealthy U.S. invest...

Rich Would Still Get Tax Cuts Even If Bush Tax Cuts Expire

THE NEW YORK TIMES | JACKIE CALMES | Posted 05.25.2011 | Politics

Taxpayers with income of more than $1 million for 2011 would still receive on average a tax cut of about $6,300 compared with what they would have pai...

The Trouble with Billionaires

Linda McQuaig | Posted 05.25.2011 | Home
Linda McQuaig

Philanthropy provides the rich with some significant benefits. The benefits to the public are less clear, once the lost tax revenues are factored in.

An Ideological Intervention: Tax Cuts for the Rich (VIDEO)

Sally Kohn | Posted 05.25.2011 | Politics
Sally Kohn

How stupid is the idea of extending tax cuts for the top 1% of Americans and further draining resources for the average, hard-working Americans? To f...

How the Rich Conduct Class Warfare

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

The poor are growing, the middle class is shrinking and the rich are getting even richer. This is how you build a Third World country. So, the next time you hear about class warfare, understand which direction it's going in.

Demand Full Media Disclosure: What's Your Tax Bracket?

Chris Weigant | Posted 05.25.2011 | Media
Chris Weigant

Anyone in the media talking about raising income tax rates on the top two income brackets should disclose their possible conflict of interest. "Full disclosure, I fall into the top tax bracket myself, so I would personally be affected by changing this rate."

Welcome to the Wonderful World of the High Net-Worth

April Rudin | Posted 05.25.2011 | Business
April Rudin

I enjoy and value teaching others how to network amongst the rich and famous. I am just awaiting the day when I can change sides from an offensive position to the defensive side.

American Workers: Laid Off On Labor Day

Peter G. Miller | Posted 05.25.2011 | Impact
Peter G. Miller

Today we celebrate Labor Day but we don't celebrate labor. We're quickly dividing the country into rich and poor and shrinking the middle class. It's a formula for national disaster.

The Top 10 Richest Politicians In Congress

The Huffington Post | Jeremy Binckes | Posted 05.25.2011 | Politics

The economy may have been tanking, but it was apparently a different story on Capitol Hill where the 50 richest lawmakers gained a cumulative $1.4 bil...

Business Steps Up Efforts To Block Expiration Of Bush Tax Cuts

Reuters | Kim Dixon | Posted 05.25.2011 | Politics

The biggest U.S. companies stepped up their lobbying on Monday to block Democrats' plans to let taxes on wealthier Americans rise at year's end, askin...

Paying Taxes: The Old Patriotism Meets the New Philanthropy

Mark Olmsted | Posted 05.25.2011 | Politics
Mark Olmsted

Don't fight higher taxes, Rich People; pay them. Just tell yourself you're giving it away to a poor relation. After all, Uncle Sam is family.

Let Them Eat Paste: Democrats Cut Food Stamps To Fund Education, Health Care

Sally Kohn | Posted 05.25.2011 | Politics
Sally Kohn

When asked to sideline the needs of, say, poor black folks or undocumented immigrants and prioritize the needs of working class white folks, unfortunately few groups in Washington bat an eye.

The Wealthiest Americans You've Never Heard Of

DailyFinance | CARRIE COOLIDGE | Posted 05.25.2011 | Business

Microsoft's (MSFT) Bill Gates, Berkshire Hathaway's (BRK.A) Warren Buffett and Apple's (AAPL) Steve Jobs are all household names in addition to being ...

Fix Social Security, Now!

John Dougherty | Posted 05.25.2011 | Politics
John Dougherty

Market reactionaries might label my solution as "a redistribution of wealth." I have a message for the marketeers: The wealth has already been redistributed -- upwards.

Consumer Spending Up, But Off Balance: Affluent, Not Middle Class Spending More

Los Angeles Times | Don Lee | Posted 05.25.2011 | Business

Increased consumer spending has fueled hopes that the current economic recovery will keep getting stronger, but behind the encouraging numbers is a li...

How Democrats Should Respond to Jon Kyl

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

If you want to be serious about being fiscally responsible then you can't have some sort of double standard where you hold the line on new spending but ignore the fact that tax cuts add to the deficit.

Most Mortgage Defaults Come From Rich And Wealthy With Million Dollar Loans

The New York Times | Posted 05.25.2011 | Business

More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Time...

Millionaires Numbers Grew Amid Recession '09: report

Reuters | Joseph A. Giannone | Posted 05.25.2011 | Business

EW YORK (Reuters) - The rich grew richer last year, even as the world endured the worst recession in decades. A stock market rebound helped the world...

The Super-Rich Want You to Hate Taxes So They Can Keep Your Money

Sally Kohn | Posted 05.25.2011 | Politics
Sally Kohn

This Tax Day, as you're dropping your return in the mail (or pressing that e-send button), instead of reinforcing the pro-rich, anti-tax lie and sighing grumpily as you do your duty, look around at everything your taxes are paying for.