The rich haven't gotten richer--or poorer--this year. The price of admission to this, the 27th edition of The Forbes 400, is $1.3 billion for the seco...
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The Wall Street Journal reported that economic inequality was never really a problem, and even if it is we no longer have to worry about it. These conclusions are just plain wrong.
Two-thirds of the nation's total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger s...
Labor Day began in 1882 to honor those "who from rude nature have delved and carved all the grandeur we behold." Today, we have so devalued labor that we hardly notice when millions lose their jobs.
As the very rich have increased the gulf between their wealth and that of the average citizen, two patterns have emerged.
The trend toward greater inequality has grown through the last 4 months of the downturn.
Christina Romer, Chair of the White House Council of Economic Advisors, said she is "incredibly confident" the U.S. economy will recover within a year. We disagree.
The supply of money is truly infinite once you apply certain principles that have made millionaires and billionaires over and over again.
Last week, I wrote how Piedrahita, the major shareholder of a feeder fund that lost $7 billion of investors' money to Bernie Madoff, was summering on his new yacht. This week, he's off the yacht.
In the Qatari capital of Doha, the desert has transformed into lush, luxury communities. It is part of a trend in social segregation unlike anywhere else in the world.
What Barack Obama wants to do is financial profiling. And in its way it's philosophically as intellectually and morally indefensible as racial profiling.
Who amongst us can say we're actually doing the hard work of being an American?
It seems that no matter what we achieve, it is never enough. There is always something more. Got the car of your dreams? Now you need two.
We have never been more reliant on the generosity of others and less able to act like grown-ups and fend for ourselves than any time since the Revolution.
Why do we so often scramble to make excuses for the bad acts of celebrities when we wouldn't do the same for our neighbors?
A connection has been made. A connection clearly seen between a young generation here in the United States and a young generation of Iranians who have taken to the streets.
Some genuine "wealth" in our lives is always created when we reach out to each other, when we make connections with each other, when we form a community together in times of crisis.
Private business is no better at running anything than the government. Yes, the private medical insurers should be afraid -- government can kick their ass.
This shift in wealth in America since the 1970s created an unholy cycle of more lobbying for more benefits for the super-rich and large corporations, who in turn paid for even more lobbying -- a cycle that still is in full motion.
Microsoft founder Bill Gates has acquired for himself a simple country abode: the Irma Lake Lodge, a $9 million, 492-acre Wyoming ranch. We have the pics here.
WASHINGTON -- When Jody Richards saw a homeless man begging outside a downtown McDonald's recently, he bought the man a cheeseburger. There's nothing ...
Rich people have an uncanny ability to oppose aid for everybody but themselves.
The data doesn't lie: sickness and poverty have grown together during the last few decades. We now have a chance to turn the tables and foster health and wealth.
Debate continues to swirl around Obama's idea of what it means to be rich. Though no matter what, those who earn two and a half large are by any estimation swimming in it.
Giving and receiving coexist. They're polarities on the same continuum. One requires the other in order for either to occur. Often they occur in cycles.
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