The Federal Reserve has once again counted up America’s personal wealth — and omitted the nation’s 400 richest from the final tally. But the new figures, even with that omission, show a divide still deepening.
The defenders of privilege just don’t seem to get it. In truly decent societies we measure success by how many people are leading rich, fulfilling lives, not by counting how many people are becoming rich beyond measure.
That’s my question. Whenever you talk about economic justice, the Republican lizard people sneer about winners...
Students of modest means must pay a stiff price to build their capacity to contribute to society — and pay interest if they can’t afford that price. A one-time wealth tax could apply this same principle to America’s rich.
Mainstream economists all around the world used to assume that equality acted as a drag on economic growth and development. Not anymore, as new International Monetary Fund analyses make quite clear. U.S. politicos, of course, have yet to catch up to the new global consensus.