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Thomas Piketty

What Thomas Piketty and Larry Summers Don't Tell You About Income Inequality

Lynn Parramore | Posted 04.08.2015 | Politics
Lynn Parramore

According to economist Lance Taylor and his colleagues, we're not yet talking about the kinds of major changes needed to keep us from becoming a Downton Abbey society.

Rome Journal: Pasolini, Ancora!

Francis Levy | Posted 03.25.2015 | Travel
Francis Levy

As far as antiquity is concerned, the past is to Italy, what oil is to the Saudis. It constitutes the wealth of the country, both economically, in terms of tourism, but also spiritually to the extent that history is written on literally every street corner.

In SOTU, President Punts on Income Inequality

Michael Winship | Posted 03.24.2015 | Politics
Michael Winship

With a president too often bold in words but timid in action facing a Congress more Republican and obstructionist than ever, little will get done to fix inequality. Even the Tea Partiers who howled in protest over the bailout of the big banks back in 2008 have been taken to the woodshed by the likes of Karl Rove, and are silent as establishment Republicans complete the return of the GOP as Guardians of the One Percent. For now, don't really expect further taxes on the wealthy that could help those at the bottom. (And did you hear much discussion of America's poor people at the State of the Union?) Funny how trickle-down economics, a concept beloved by the GOP and its plutocratic allies, as well as by corporate Democrats, become an abomination when the galoshes are on the other foot and favor the less well off. Suddenly, trickle-down becomes all wet.

Ryan Grim

Guess What This Congressman Thinks Is 'One Of The Most Immoral Things You Can Do' | Ryan Grim | Posted 01.21.2015 | Politics

WASHINGTON -- House and Senate Republicans are rejecting President Barack Obama’s suggestion to reform a tax code that allows heirs to inherit extr...

Show This Chart To The Next Person Who Isn't Worried About Income Inequality

The Huffington Post | Emily Cohn | Posted 01.20.2015 | Business

If you find it hard to grasp just how unequal the global economy is, here's one stat that should put it all in perspective: The richest 80 people on E...

Economist Thomas Piketty Meets With Argentine President Cristina Fernández de Kirchner

The Huffington Post | Igor Bobic | Posted 01.18.2015 | Politics

French economist Thomas Piketty met with Argentine President Cristina Fernández de Kirchner on Saturday, according to the Buenos Aires Herald. The...

When the Economy Is Explained By the Beatles

Gaia Paradiso | Posted 03.18.2015 | Impact
Gaia Paradiso

If you can picture the Beatles explaining today's economy through their songs' lyrics, I suggest you take a look at Federico Rampini's work.

J'aime Paris et l'Europe

Brent Budowsky | Posted 03.18.2015 | World
Brent Budowsky

As many around the world said to Americans in September 2001, we say to the men and women throughout Paris, France and Europe today: You are not alone. Our unity will ultimately triumph, and our cause will ultimately prevail.

Aetna CEO Asked Execs To Read Piketty, Then Gave His Lowest-Paid Workers A Raise

The Huffington Post | Emily Cohn | Posted 01.13.2015 | Business

One CEO has taken a step that could help fend off Thomas Piketty's nightmare vision of rising wealth inequality: He's giving thousands of his workers a raise.

Piketty: 'The Myth Of National Sovereignty Helps Big Corporations Screw Us Over'

The European | Max Tholl and Florian Guckelsberger | Posted 01.05.2015 | World

French economist Thomas Piketty has put inequality back on the map and is being hailed as the Karl Marx of the 21st century. He talked to Max Thol...

Thomas Piketty Refuses Big Award: Government Shouldn't 'Decide Who Is Honorable'

The Huffington Post | Paige Lavender | Posted 01.01.2015 | Politics

Economist Thomas Piketty refused to accept France's highest honor, the Legion d'honneur, saying government shouldn't decide who is honorable. "I ha...

How Tony Robbins' "Money: Master The Game" Represents Exactly What Is Destroying America

Ira Israel | Posted 02.23.2015 | Politics
Ira Israel

It is astonishing that someone so bright and well-intentioned does not see the hypocrisy in calling taxes a "drag," "destructive" and "the culprit" and then complaining that money was "slashed" from an entitlement program.

The Next Big Social Idea: Unconditional Basic Income

Mathew Schmid | Posted 02.21.2015 | World
Mathew Schmid

In 2014, serious voices from Pope Francis to Thomas Piketty, in his book Capital in the 21st Century, have lamented ever-widening inequality. Others have expressed concern that "the second machine age" of digital technologies will entail the massive elimination of jobs.

Justice in the Twenty-First Century

Tomas Hellebrandt | Posted 02.10.2015 | Politics
Tomas Hellebrandt

Making sure that the rich contribute their fair share is important. But the real political challenge in the twenty-first century will be to maintain support for the idea that the burden of achieving justice has to be shouldered by all.

We Are the Most Unequal Society in the Developed World... And We Don't Know It

Les Leopold | Posted 01.17.2015 | Politics
Les Leopold

In 1965, for every dollar earned by the average worker, CEOs earned 20 dollars. By 2012, that gap mushroomed to 354 to one. But, when asked in the survey, Americans grossly underestimated this gap.

Mark Gongloff

Top FT Editor Lambasts Piketty's Book Just Before FT Names It Book Of The Year | Mark Gongloff | Posted 11.13.2014 | Business

The Financial Times has declared that Thomas Piketty's Capital In The Twenty-First Century is the best business book of the year, which kinda-sorta m...

How Natural Capital Is Redefining Success

Tensie Whelan | Posted 12.22.2014 | Business
Tensie Whelan

It's the idea that natural resources and healthy ecosystems are not "externalities" separate from capital, but should be considered and valued as capital assets in their own right. Valuing them appropriately is the way to make sure we don't squander them.

Ben Walsh

Economists Say We Should Tax The Rich At 90 Percent | Ben Walsh | Posted 10.22.2014 | Business

America has been doing income taxes wrong for more than 50 years. All Americans, including the rich, would be better off if top tax rates went back to Eisenhower-era levels when the top federal income tax rate was 91 percent, a new paper concludes.

Zach Carter

Bill Gates Thinks Thomas Piketty Is Right | Zach Carter | Posted 10.15.2014 | Politics

Billionaire philanthropist Bill Gates essentially concurs with French economist Thomas Piketty's landmark book on income inequality, according to a re...

IMF Report--Europe Is Becoming Japan

Harlan Green | Posted 12.09.2014 | Business
Harlan Green

The International Monetary Fund doesn't want to say it outright, but its latest World Economic Outlook shows more stagnation of the European and Japanese economies, and the possibility of a third EU recession since 2008.

We Can't Talk About Inequality Without Talking About Talent

Roger Martin | Posted 12.04.2014 | Business
Roger Martin

I'm a business strategist and from where I'm looking, the game has changed dramatically in the past 50 years. Talent has become the critical force in the economic equation, more important than either raw materials and labor, and a worthy if not overwhelming adversary for capital.

The Federal Reserve's Artful Compassion for Households in 'Sobering' Condition

Timothy J. Barnett | Posted 11.26.2014 | Business
Timothy J. Barnett

Glaringly absent in the Fed's policy platform is a commitment to a fair architecture for capitalism that equitably distributes the fruits of enterprise by providing incentives for ethically pricing each person's contributions to the sustainable public good.

Five Things Christians Should Understand About Inequality

Reverend Dr. Malcolm Clemens Young | Posted 11.25.2014 | Religion
Reverend Dr. Malcolm Clemens Young

Jesus cared a great deal for the poor. Christians believe that all people are equally loved by God. However, the institutional structures that protect human dignity in our society are becoming frayed and worn.

What's Wrong With the NFL Is What's Wrong With America

Richard (RJ) Eskow | Posted 11.25.2014 | Politics
Richard (RJ) Eskow

Sexism. A culture of violence. Untrustworthy leadership. Runaway wealth inequality. An indifference to workers' health. Employees who are above the law. Hush-hush financing. Multimillion-dollar tax breaks. We're not talking about America's top corporations. We're talking about the NFL.

Who Are the Real Takers?

Harlan Green | Posted 11.18.2014 | Business
Harlan Green

Why do we have such a high poverty rate five years after the end of the Greatest Recession since the Great Depression, and the greatest income and wealth inequality since that Great Depression?