inequality

Income Inequality vs. Wealth Inequality

Hamilton Nolan · 02/17/15 03:14PM

In the past few years, economic inequality has become a mainstream political issue. We often hear politicians speak about “income inequality.” We should be speaking about wealth inequality, instead.

The Most Hilarious Talking Point: Republicans Against Inequality

Hamilton Nolan · 02/10/15 10:00AM

Presidential campaigns have no shortage of factually empty platitudes and gross hypocrisy deployed for political gain. It's early still, but I'll wager that the 2016 campaign will see no more scoff-worthy talking point that the Republicans' sudden concern about economic inequality.

The United States of Inequality

Hamilton Nolan · 01/27/15 05:22PM

Economic inequality in America has been steadily increasing for three decades. Since the recession, only the very rich have made out well. Now, we have data on the individual U.S. states where the class war is being lost most severely.

The Top 1% Is Close to Owning Most of Everything

Hamilton Nolan · 01/19/15 01:12PM

If current trends continue—and there is no reason to suspect they won't—we may be just a year away from a time when the wealthiest 1% of people in the world control the majority of the wealth.

America the Unequal Can't Last Forever

Hamilton Nolan · 01/16/15 01:10PM

America has money. Which is better than not having money. But all of the money in America is going to the rich. This is our basic problem.

Hamilton Nolan · 11/25/14 03:27PM

A history of billionaire magnet 432 Park Avenue, Manhattan's tallest residential tower: "In previous generations, when towers of this scale were erected, they were monuments to working. 432 Park, unlike the Chrysler Building, the World Financial Center, and the Empire State Building, is a monument to owning."

Where Inequality, Poverty, and Geography Meet

Hamilton Nolan · 11/19/14 02:21PM

American is an economically unequal country. It is also plagued by a great deal of poverty, particularly by the standards of rich, developed nations. Today, poverty and inequality are meeting in more American places than ever before.

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.

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.

How Big Data Is Failing Us

Vann R. Newkirk II · 09/25/14 02:00PM

Big Data: The phrase conjures up images of nerdy techno-alchemists finessing valuable information about the universe with complicated and expensive computers. It is that, yes—but it's also a necessary progression in technological evolution, a term for any complex analysis of large databases that would have been impossible using older technology. The potential benefits of its use are enormous, and the uses vary widely as the information collected about us grows exponentially and the ability to process it grows in tandem.

Rich Get Richer, Poor Get Poorer

Hamilton Nolan · 09/05/14 10:30AM

In the years since The Great Recession of 2008, our nation has, on average, made great strides towards economic recovery. On average. In reality, all of the money has gone to the rich.