Looking beyond classical economic models, Vince Taylor sees vast, private fortunes that belong mostly to society at large.
Reclaiming Billionaires’ Wealth
Tag: Income Inequality
Wall Street, Banks and Angry Citizens
The post-Great Recession economic “recovery” was largely reserved for participants in financial markets, not the majority working longer hours and multiple jobs, writes Nomi Prins.
Recycled GOP Promises of ‘Trickle Down’
Since the 1980s, Republicans have insisted that tax cuts for the rich will benefit working people, but the rich just sock away their money and national needs are neglected. Yet, the same cycle is back again, says JP Sottile.
Democrats, Class and Russia-gate Magic
Stunned by the defection of working-class whites, many Democrats respond by calling these Trump voters “stupid” and hoping that Russia-gate will be the “deus ex machina” to restore Democratic power, as poet Phil Rockstroh explains.
The Source of Trump’s Real Clout
The image of Donald Trump’s “deplorables” – as Hillary Clinton dubbed them – is a bunch of bigoted blue-collar whites waving Confederate flags, but the secret of Trump’s real power lies elsewhere, says historian Keri Leigh Merritt.
NYC: Front Line of Income Inequality
New York City faced a crisis four decades ago with a massive electrical failure and fear of crime. Now, it confronts another challenge, a vast gap between the super-rich and the rest, writes Michael Winship.
Death of America’s Common Man
Modern America’s obsession with self and success has killed off what once was an honorable American archetype, the Common Man, who was the nation’s backbone for generations, writes Michael Brenner.
Who’s Behind US Downward-Mobility?
President Trump blames Mexicans, Chinese and other foreigners for the plight of downwardly mobile Americans but the real culprits are his corporatist pals who grab the lion’s share of the wealth from U.S. global dominance, says JP Sottile.
The Resentments Trump Represents
Exclusive: While the mainstream U.S. media has focused on personal scandals, the presidential race has revealed a deep and sometimes ugly resentment among many Americans who blame the haughty elites for declining living standards, says Andrew Spannaus.
Campaign 2016’s Brave New World
As the U.S. election shapes up as a battle between Donald Trump and Hillary Clinton, the prospect for the public hearing anything approaching a truthful exchange of ideas appears hopeless, writes David Marks.