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Wealthy

Oregon Tax Hike On Wealthy, Businesses Passed By Voters

AP | TIM FOUGHT | Posted 05.25.2011 | Politics

PORTLAND, Ore. — Oregon has set aside its history of shooting down tax increases on statewide ballots, with voters endorsing higher taxes on bus...

Rich Buying Again, But Middle Class Still Hurting

AP | EMILY FREDRIX | Posted 05.25.2011 | Business

American shoppers are splitting again: The affluent are finally starting to buy, picking up designer clothes at places like Nordstrom, while those on ...

Tax Deadline Nears For Americans With Offshore Bank Accounts

New York Times | LYNNLEY BROWNING | Posted 05.25.2011 | Business

Thursday is the deadline for Americans to come clean about the money they have hidden offshore, in places like Swiss bank accounts. No one can say wit...

"Too Much Money": Dunne's Last Book Makes Jabs At The Rich

AP | MARK KENNEDY | Posted 05.25.2011 | Books

"Too Much Money" (Crown Publishing, 288 pages, $26), by Dominick Dunne: You didn't think the grave could possibly silence one of the most famous chron...

Income Inequality: Why The Wall Street JournalGot It Wrong

businessinsider.com | Bruce Judson | Posted 05.25.2011 | Business

For anyone with even a passing familiarity with issues associated with economic inequality, The Wall Street Journal front page story last week was sho...

Waiting On The Wealthy: Recovery Hampered By Dip In Luxury Spending

washingtonpost.com | Ylan Q. Mui | Posted 05.25.2011 | Business

In this new era of frugality, well-to-do shoppers have gone into hiding and stowed away their splashy logos. But they may hold the key to a consumer r...

Forget The Squeeze: The Middle Class Is In A Choke Hold

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

There are no certainties in the current economic and political climate. Except one: that the current downturn is hurting middle-class Americans more than the wealthiest households.

Republican Party Has Become "Cash for Clunkers"

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

The Republican Party is disintegrating in front of our eyes. The latest Gallup Poll has them leading in party identification in six states and tied in two. That means they're trailing in 42 states!

President Obama Profiled Me

Adam Hanft | Posted 05.25.2011 | Politics
Adam Hanft

What Barack Obama wants to do is financial profiling. And in its way it's philosophically as intellectually and morally indefensible as racial profiling.

I'm Sick of Hearing About the Poor, Poor Millionaires

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Democrats have to get over their knee-jerk reaction to being labeled "tax and spenders" by their opposition. If higher taxes for millionaires are the way to pay for healthcare reform, then let everyone know it, and know why.

Lazarus and the Iranians

Jim Wallis | Posted 05.25.2011 | Politics
Jim Wallis

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.

Wealthy New Yorkers Continue Spending Lavishly On Design

New York Times | CHRISTINE HAUGHNEY | Posted 05.25.2011 | New York

In the blocks around Bloomingdale's on the East Side of Manhattan, where ladies who lunch often head afterward to the showrooms of furniture and fauce...

The Middle Estate

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

The estate tax is not about confiscating wealth for redistribution, but about encouraging spending during a wealthy individual's lifetime and limiting the intergenerational transfer of wealth.

John Galt Has Left the Building

Juliette Powell | Posted 05.25.2011 | Media
Juliette Powell

If your moral duty is to serve your neighbor and anyone else who is in need, then you don't have the moral right to pursue your own life and happiness.

Colbert Shrugged: Ayn Rand Institute Responds to 'Rand Illusion'

Juliette Powell | Posted 05.25.2011 | Media
Juliette Powell

Is Colbert, and the media in general, taking a cheap shot -- going for the easy laugh using Rand's philosophy of selfishness -- or are they using humor and irony to open a much needed public debate?

Atlas: Shrug This!

Jeff Dorchen | Posted 05.25.2011 | Politics
Jeff Dorchen

Please, go right ahead, underestimate the power of human beings to live without you golden gods who inhabit the penthouses of the world.

Study: Wealthy Make Less Eye Contact

Canwest News Service | Misty Harris, | Posted 05.25.2011 | Business

The rich are too posh to pay attention, according to a new study on socioeconomic status and body language. In observing casual interactions between ...

The GOP's "Tax Holiday" Myth

Mike Papantonio | Posted 05.25.2011 | Politics
Mike Papantonio

Mainstream media did a poor job telling the story about how almost 70% of America's largest multinational corporations paid zero ...

The Wages of Wealth

Laurence Leamer | Posted 05.25.2011 | Style
Laurence Leamer

Within the economic elite, there is inchoate anger, great fear, and a willful distancing from the great new American drama that is about to begin in Washington.

A Peek at Chicago's 'Hidden Rich' (Warning: Mature Content Matter)

David Murray | Posted 05.25.2011 | Chicago
David Murray

They used to lament "the hidden poor" in this country. I think the bigger blind spot these days is "the hidden rich."

We Have Plenty Of Money -- The Rich Are Killing Us

Jonathan Tasini | Posted 05.25.2011 | Politics
Jonathan Tasini

While our country is disintegrating, the rich are hiding. They are hiding behind a decades-long ideology that paralyzes the political system from being serious about what the rich should pay.

Taxing The Rich Hurts The Middle Class

Grant Cardone | Posted 05.25.2011 | Business
Grant Cardone

This is not a trickle down argument but basic economics, as it is impossible to penalize any one group without affecting every person in the group.

It Isn't "Chic" to Cut Back -- It's Crucial

Betsy Perry | Posted 05.25.2011 | Business
Betsy Perry

It isn't "chic" to pretend to cut back; for most of us, it's crucial. But you don't put on your down-on-my-luck face or it shows, and no one wants to hang around a loser.

Friday Talking Points [44] -- McCain House Party!

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

John McCain said something ridiculous to a reporter yesterday. I hasten to point out that the previous sentence should have been a major media headlin...

McCain's Mansions: The Houses That Greed Built

Robert Greenwald | Posted 05.25.2011 | Politics
Robert Greenwald

Far too many are buying into McCain's deceit because the corporate press won't present the whole picture, so we created this video to educate the public about the REAL McCain.