iOS app Android app

1 Percent

You're Losing $18,000 A Year Because Of Income Inequality

The Huffington Post | Jillian Berman | Posted 08.27.2014 | Business

The rich have gotten richer at the expense of the rest of us. The rise in income inequality of the past few decades has taken money from the pocket...

One Percenter Sacrifices Some of His Wealth to Raise Minimum Wage

Carl Gibson | Posted 08.13.2014 | Politics
Carl Gibson

Who knew that a former executive at General Electric, a company widely-known for its tax dodging and outrageous lobbying expenses, would take a bold, selfless stand against income inequality as president of a public university?

The Rise Of The Non-Working Rich

Robert Reich | Posted 09.14.2014 | Politics
Robert Reich

In a new Pew poll, more than three quarters of self-described conservatives believe "poor people have it easy because they can get government benefits without doing anything." In reality, most of America's poor work hard, often in two or more jobs. The real non-workers are the wealthy who inherit their fortunes. And their ranks are growing. In fact, we're on the cusp of the largest inter-generational wealth transfer in history. The wealth is coming from those who over the last three decades earned huge amounts on Wall Street, in corporate boardrooms, or as high-tech entrepreneurs. It's going to their children, who did nothing except be born into the right family.

Class Warfare: The 2014 Election

Bob Burnett | Posted 08.06.2014 | Politics
Bob Burnett

Rather than focus on jobs, the 1 percent are attempting to turn the 2014 election into a referendum on President Obama.

Watch: Joseph E. Stiglitz Calls for Fair Taxes for All

Bill Moyers | Posted 08.02.2014 | Politics
Bill Moyers

A new report by Nobel Prize-winning economist Joseph E. Stiglitz for the Roosevelt Institute suggests that paying our fair share of taxes and cracking down on corporate tax dodgers could be a cure for inequality and a faltering economy.

Heirs To Inherit $36 Trillion For Doing Nothing

CNBC | Robert Frank | Posted 05.29.2014 | Business

The greatest wealth transfer in history is underway, according to a new report. A study from the Boston College Center on Wealth and Philanthropy p...

The Biggest Worry About Transhumanism

Zoltan Istvan | Posted 07.21.2014 | Technology
Zoltan Istvan

Will technology and science that make our species more transhuman be used to create a deeper divide in society for the haves and have-nots?

What Made America Famous

Rep. Alan Grayson | Posted 07.17.2014 | Politics
Rep. Alan Grayson

Many Americans believe that the top one percent is responsible for the rising tide of inequality in America, which is swamping and drowning the other 99 percent. Professor Emmanuel Saez of the University of California at Berkeley says that they are wrong.

85-Year Old Oil Tycoon Can't Stop Tweeting At Rappers About Money

The Huffington Post | Kevin Short | Posted 05.09.2014 | Business

T. Boone Pickens, the 85-year-old oil tycoon, was giddy to welcome Dr. Dre into the ridiculously rich people's club Friday, following the news that Ap...

Brazilians' Spending in the U.S.

Julia E. Sweig | Posted 07.07.2014 | Business
Julia E. Sweig

I guess we are supposed to celebrate this kind of purchasing power -- and love for the Big Apple -- as a sign that Brazil has arrived on the world stage.

In a Land Where the Dollar Can Speak Its Mind, But We Can't

Tom Engelhardt | Posted 07.01.2014 | Politics
Tom Engelhardt

In an America where, when it comes to the political system, the Supreme Court has now granted the dollar the full right to speak its mind, and ever more of those dollars can be found in the pockets of... well, not to put a fine point on it, plutocrats, we need a new (that is, old) vocabulary to fit our changing circumstances.

3 Ideas to Solve the Inequality Crisis in America

Paul LaRosa | Posted 06.24.2014 | Politics
Paul LaRosa

Stop taxing unemployment benefits. This is a regressive concept. Why should we be taxing the meager benefits of those Americans who are out of work? Give them a break. They're down on their luck. Why require them to pay taxes on benefits?

America by the Numbers: Part II

Dave Pruett | Posted 06.22.2014 | Religion
Dave Pruett

Appalled both by the concentrations of wealth enjoyed by the French aristocracy and by their callous exploitation of the poor, Thomas Jefferson proposed an antidote for the fledgling United States: a progressive tax code.

This WSJ Chart About Taxing The Rich Doesn't Tell The Whole Story

The Huffington Post | Emily Cohn | Posted 04.14.2014 | Business

The Wall Street Journal trolled the private-jet set this weekend, warning the wealthy of the "sticker shock" of soaring taxes. But fear not, rich peop...

The War on Democracy: SCOTUS Weighs In

Bob Burnett | Posted 06.11.2014 | Politics
Bob Burnett

The Republican plutocratic agenda couldn't work without millions of dollars in unrestricted conservative funding. Thanks to the Republican majority in the Supreme Court, all the barriers against big money and guarantees of political fairness are being dismantled.

Building the New Populism

Bob Burnett | Posted 06.04.2014 | Politics
Bob Burnett

Although Americans are concerned about lots of issues -- the minimum wage, decent jobs, healthcare, education, and protection of the environment, to name only a few -- what they crave is a reassertion of fundamental American values: fairness, justice, and equal opportunity for all.

The Average Cash Bonus On Wall Street Is Now More Than $164,000

Reuters | Posted 03.12.2014 | Business

NEW YORK (Reuters) - Wall Street's cash bonus pool rose 15 percent to $26.7 billion in 2013 as average cash bonuses hit the third highest on record at...

Former Romney Adviser Explains That The Rich Are Basically Superheroes

The Huffington Post | Mark Gongloff | Posted 02.18.2014 | Business

Robert Downey Jr. is wealthy, therefore all wealthy people are Robert Downey Jr. If you submitted that argument to your logic professor, you would ...

Bill de Blasio Lifts the Left

Brent Budowsky | Posted 04.15.2014 | Politics
Brent Budowsky

Bill de Blasio has lifted the left and is a man to watch in 2014. I have a hunch that the next Democratic nominee for president will be watching him closely, too.

Luxury CEO: 'Wealthy' 99 Percent Should Stop Whining

CNBC | Robert Frank | Posted 02.12.2014 | Business

CNBC Bud Konheim has a message for all of the 99 percenters: You're luckier than you think. Konheim, CEO and co-founder of luxury-fashion compan...

'The 1 Percent Is Being Picked On For Political Reasons'

The Huffington Post | Mark Gongloff | Posted 02.11.2014 | Business

Take heart, downtrodden rich people of America: Another famous rich guy has heard your cries of persecution and is joining the small but growing 1st P...

Inequality Is So Bad Even The Super-Rich Are Getting Left Behind

The Huffington Post | Mark Gongloff | Posted 02.11.2014 | Business

Believe it or not, 99 percenters, the 1 percent feels your pain: It suffers from inequality, too. An extremely comfortable inequality. But still, ineq...

The Inequality Debate Heats Up!

Rev. Seamus P. Finn, OMI | Posted 04.12.2014 | Religion
Rev. Seamus P. Finn, OMI

This debate has played out over the ages in numerous venues. The Bible is filled with warnings about the dangers of wealth and the responsibility to take care of the widow, the orphan and the stranger in the community.

Billionaire Defends Fellow Billionaire: 'The 1 Percent Work Harder'

The Huffington Post | Harry Bradford | Posted 02.06.2014 | Business

When the going gets tough, the rich dudes stick together. Or at least rich dude Sam Zell did in an interview with Bloomberg TV Wednesday. The bill...

Holocaust: Historical Revisionism and Trivialization

Warren J. Blumenfeld | Posted 04.01.2014 | Politics
Warren J. Blumenfeld

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.