inequality

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.

How Much Is Too Much to Pay a Rich Person For Being Incompetent?

Adam Weinstein · 05/06/14 10:40AM

Are you rich? No? Then the servicey aspect of this post this probably doesn't apply to you. But if you're rich, you probably want to know how you can be richer, right? Here's the secret: Do less work. And the work you do, do it worse. In other words, be a hedge fund manager!

College Towns Are Pits of Income Inequality

Hamilton Nolan · 04/23/14 03:50PM

Interesting little tidbit for all good liberals to chew over: a list of the U.S. cities with the very worst income inequality includes an inordinate number of university towns.

The Mega-Rich Get the Best Government Welfare

Hamilton Nolan · 04/18/14 11:42AM

It's great to be rich. It's extra double great to be super rich. And not just because you have all that extra money—because being super rich actually lets you pay lower taxes.

Law Prof Rips School for Helping Poor Grads and Not Giving Him a Raise

Adam Weinstein · 04/17/14 10:25AM

Hell hath no fury like Rob Illig, University of Oregon securities law professor, emailing furiously for ANSWERS as to why his school is indulging in "white-man's guilt" by assisting recent graduates working in nonprofit law instead of raising his six-figure salary.

Study: The U.S. Is an Oligarchy

Hamilton Nolan · 04/15/14 09:46AM

A new study by researchers from Princeton and Northwestern Universities finds that America's government policies reflect the wishes of the rich and of powerful interest groups, rather than the wishes of the majority of citizens.

The Whole World Needs to Raise Taxes

Hamilton Nolan · 03/14/14 11:35AM

It's not just America suffering from levels of economic inequality that threaten the very fabric of society. It's the whole world. So the rich need to pay the piper. That is the considered opinion of the International Monetary Fund, which is not a revolutionary organization.

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.

The Illusion of a Republican Anti-Poverty Platform

Hamilton Nolan · 01/13/14 01:15PM

It is a bizarre mark of progress that America's level of economic inequality has become so chronic and severe that even the Republican party realizes it must present some sort of proposal to address the economic underclass. It's like watching a gaggle of nuns plot out a sex-education curriculum.

Hamilton Nolan · 12/17/13 04:37PM

I hate to be "that guy linking to some infographic," but here is a great infographic showing just how minuscule your salary is in relation to America's top earners, and why that Communist Manifesto book sold so many copies, despite mixed reviews.

Hamilton Nolan · 12/09/13 05:23PM

Total US household wealth has reached $77.3 trillion, a $20 trillion increase in five years. That's about a quarter million dollars for every person in America. But, you know, not.

Remember the Lower Middle Class?

Hamilton Nolan · 12/04/13 12:36PM

The very rich have their politicians, and the very poor have their advocates. Will someone speak for the lower middle class? How retro!

Switzerland's Ideals Put America to Shame

Hamilton Nolan · 11/15/13 11:35AM

In America, the average CEO is paid more than 230 times an average worker's salary. In Switzerland, CEOs are paid 43 times more than the average worker. That figure is so shocking to the Swiss that they want to radically rein it in.

Hamilton Nolan · 10/24/13 04:11PM

Here is a well-reasoned argument from the economists Emmanuel Saez and Thomas Piketty that the tax rate on America's highest earners could be raised to 80% without harming the nation's economy.