Category Archives: Wealth

Affluence and Influence: Economic Inequality and Political Power in America

Can a country be a democracy if its government only responds to the preferences of the rich? In an ideal democracy, all citizens should have equal influence on government policy–but as this book demonstrates, America’s policymakers respond almost exclusively to … Continue reading

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A global progressive tax on individual net worth would offer the best solution to the world’s spiralling levels of inequality

The issue of inequality is one of the most salient in global and European politics. Thomas Piketty writes on the economic forces which have impacted upon inequality since the end of the First World War. He argues that with disparities … Continue reading

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The New Gilded Age – La Belle Époque

Thomas Piketty, professor at the Paris School of Economics, isn’t a household name, although that may change with the English-language publication of his magnificent, sweeping meditation on inequality, Capital in the Twenty-First Century. Yet his influence runs deep. It has … Continue reading

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Who Rules America: Wealth, Income, and Power

This document presents details on the wealth and income distributions in the United States, and explains how we use these two distributions as power indicators. Some of the information may come as a surprise to many people. In fact, I … Continue reading

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Where Is the Wealth of Nations? – Measuring Capital for the 21st Century

With this volume, Where Is the Wealth of Nations? the World Bank publishes what could be termed the millennium capital assessment: monetary estimates of the range of assets—produced, natural, and intangible—upon which development depends. While important gaps remain, this comprehensive … Continue reading

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By Cutting Taxes on the Rich, We’ve Incentivized Greed — How Do We Return to Fairness?

Read The Right wants to return to the “happier days” of the 1950s–but forgets that one of the main reasons for that era’s prosperity was very high taxes on the wealthy. It is curious that the American Right, which waxes … Continue reading

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Unequal Wealth

Read I care not how affluent some may be, provided that none be miserable in consequence of it. —Thomas Paine, 1796 In the absence of the controls recommended by the Founders and early state regulation, corporations have continued to grow … Continue reading

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With executive pay, rich pull away from rest of America

Read For years, statistics have depicted growing income disparity in the United States, and it has reached levels not seen since the Great Depression. In 2008, the last year for which data are available, for example, the top 0.1 percent … Continue reading

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