class-war

America Rewards the Deserving

Hamilton Nolan · 11/18/14 11:24AM

The business world is giddy and agog at the rip-roaring return of mergers and acquisitions. M&A is back! Just yesterday, two mega-deals worth $100 billion were announced. Some people are getting very, very rich. The deserving people, that is.

The New Reign of the Top One Thousandth

Hamilton Nolan · 11/11/14 11:32AM

Ever since Thomas Piketty's coming out party, debate has raged in America over the implications of inequality of wealth and income. A new research paper shows just how much the extremely rich—the top tenth of the top 1%—have taken control since the 1980s.

Alice Walton, The Villain

Hamilton Nolan · 10/16/14 03:15PM

Alice Walton, an heir to the Walmart fortune, is worth $35 billion. Today, a lot of poor people stood outside her house and yelled at her.

People With $25 Million Pied-a-Terres Should Be Taxed to Death

Hamilton Nolan · 10/15/14 11:33AM

New York City is a place where a distinct lack of affordable housing meets a huge supply of luxury housing—much of which is not even used as a primary residence. The city's very richest are aghast at a proposal that their pied-a-terres be taxed.

What Reparations in America Could Look Like

Hamilton Nolan · 09/22/14 12:30PM

Ta-Nehisi Coates made the case that America owes reparations to its black community. But he purposely left out the details of what a reparations program might look like. We will now make a proposal, for your consideration.

A Walmart Manager Describes Walmart's Mismanagement

Hamilton Nolan · 08/22/14 11:51AM

Last week, we received an email from a current Walmart manager in Oklahoma asking to share his story. Below is his description of the policies that America's largest employer uses to pit managers against low-level employees, for the benefit of the richest family in America.

Don't Let Rich People Own Apartments They Don't Live In

Hamilton Nolan · 08/14/14 12:00PM

It is not easy to find housing in big cities. In New York City, apartments are both expensive and hard to come by. Among the many ways to address this problem, here is one that should please almost everyone: make rich people live in the fucking apartments they own.

Paying Taxes Is Patriotic. Dodging Taxes Is Unpatriotic.

Hamilton Nolan · 07/22/14 12:23PM

It is easy to feel as though average citizens have no real power over the monetary scams, schemes, and predations of rich and powerful people and corporations. Not true. All of us hold a power that amount of money can buy: the power of our approval.

The Top 1% May Be Richer Than We Thought

Hamilton Nolan · 07/15/14 08:35AM

Happy bank earnings day! You'll be happy to learn that both Goldman Sachs and JP Morgan have already reported higher than expected second quarter profits. Seems like a good time to let you know that the top 1% is even wealthier than we thought.

"Thank the Rich" For Their Generosity, Says Guy Who Was Born Rich

Hamilton Nolan · 06/16/14 09:40AM

Steve Forbes, the wealthy Forbes family heir, has accomplished little of note in his life except presiding over the decline of the Forbes media empire, and losing badly in a run for President. We'll give him this, though: he is an amazing troll.

The Paucity of the Pro-Inequality Argument

Hamilton Nolan · 06/03/14 03:02PM

After decades of rising income inequality (and a nudge from Occupy and Thomas Piketty), it's finally "cool" to talk about taxing the hell out of the grotesquely wealthy in order to make our world somewhat more equal. Let's examine an argument against this sort of taxation, to see why it is weak.

Obama's Itty Bitty Teeny Tiny War on Inequality

Hamilton Nolan · 03/12/14 11:09AM

President Obama plans to use executive action to expand the number of American workers eligible for overtime pay. For those conservatives whose hackles are raised, take heart: Obama is tossing pebbles against a huge, advancing monster of inequality that may not be slain in this generation.

Peter Singer Is Here to Talk About Right and Wrong

Hamilton Nolan · 02/25/14 05:00PM

Peter Singer is a professor of bioethics at Princeton University and one of the world's most prominent—and controversial—moral philosophers. He's written influential works on poverty, charity, and euthanasia, and is considered a founder of the modern animal rights movement. He's here to speak to you.

Wealthy Parents Keep Trying to Starve Public School Districts

Hamilton Nolan · 02/06/14 10:14AM

The wealthier portion of Baton Rouge, Louisiana wants to spin itself off into its own little school district, leaving the poorer portion of the city with far less revenue for schools. This is, sadly, a trend that shows no sign of abating.