inequality

America's Chance to Get Mad About CEO Pay

Hamilton Nolan · 08/06/15 08:36AM

Another day, another small, symbolic victory for the masses in the class war. It is from symbolic victories like these that real victories are often launched.

Austerity Is Coming For Your Kids

Hamilton Nolan · 07/28/15 09:33AM

Puerto Rico is facing an unsustainable level of debt. Its lenders, guardians of financial probity that they are, have come up with a solution: close schools.

Moral Hazard and Its Victims

Hamilton Nolan · 07/13/15 11:25AM

After all of the boisterous noise about rejecting austerity, Greece has finally agreed to the outlines of a bailout to address its debt crisis: more austerity. Its future is grim(mer). At times like this, it is useful to ask which side has the morality, and which has only the hazards.

All Debt Is Negotiable

Hamilton Nolan · 07/06/15 01:00PM

Now that Greece’s citizens have overwhelmingly rejected the idea of continued financial austerity, the rest of Europe—particularly Germany—must decide whether to continue to hound the broke-ass Greeks to repay their debts. And Germany’s own moral superiority is far murkier than Germans might think.

Choose Life for Public Unions

Hamilton Nolan · 07/01/15 11:25AM

The Supreme Court has agreed to hear a case that challenged the ability of unions to require everyone in a workplace to pay dues. Here is what is at stake in this case: the very existence of public unions.

A "Flat Tax" Is Just a Giveaway to the Rich 

Hamilton Nolan · 06/18/15 12:10PM

Libertarian-esque wet dream Rand Paul is still considered a “serious” candidate for president, in part because people have not had time to fully digest his policy prescriptions. For example: today he proposed a massive tax cut for the rich!

Behavioral Science and Poverty

Hamilton Nolan · 06/01/15 01:25PM

The fastest way to fight poverty is to redirect money from higher-income to lower-income people. In the meantime, behavioral scientists have some tips on how the present system can do a better job of helping the poor.

Why Do I Still Live in New York City?: A Roundtable

Jason Parham · 06/01/15 12:05PM

Weeks ago, reeling from a night of booze and bad decisions, I ventured to a local Bayou-themed restaurant in search of comfort food. I wanted to absorb the last of the alcohol that remained from just hours before, fully determined to get rid of my hangover. When you live alone, this is not an uncommon practice. I often eat out by myself—it’s hard to wait on friends to make brunch plans when all you want to do is devour a plate of syrup-coated waffles—so it wasn’t strange when the bartender and the gray-haired gentleman to my right decided to include me in their conversation. “What do you think?” he said. They had been discussing rising property values in the neighborhood, and the ills of gentrification. The bartender mentioned how a small patch of dirt between two brownstones, just blocks from the restaurant and my apartment, was going for $2 million. “There was also that old gas station in Crown Heights that sold for 30 million recently,” she said. “How is anybody expected to live here now? It’s just too much.”

The Flaws of Meritocracy

Hamilton Nolan · 04/01/15 01:28PM

When questions of civil rights, or inequality, or discrimination arise, we are often reminded that we are supposed to be striving for an ideal: the ideal of meritocracy, where everyone rises and falls on their own merits. Take a moment to consider the problems with our ideal.

Spec Houses: The Kindling of the Class War

Hamilton Nolan · 03/20/15 09:14AM

If and when America's class war-driven revolution begins in earnest, there would certainly be worse targets for guerilla action than unoccupied $100 million mansions—monuments to pure greed and speculation.