inequality
Five Ideas For the Next Century of Taxes
Hamilton Nolan · 10/02/13 12:52PMThe Privilege Tournament: The Forsaken Four
Hamilton Nolan · 10/01/13 11:02AMThe Privilege Tournament: The Aggrieved Eight
Hamilton Nolan · 09/30/13 10:13AMThe Privilege Tournament, Round Two
Hamilton Nolan · 09/26/13 10:30AMThe Privilege Tournament
Hamilton Nolan · 09/25/13 09:00AMHopey and Changey: Iran's New President and the Vatican's New Pope
Ken Layne · 09/20/13 02:28PMA good way to routinely bum yourself out is to set "Google News" as your Internet home page. But last night, something magical happened on that usual grid of gloom: The top stories were good news: Pope Francis and Iranian President Hassan Rouhani, the elderly men recently chosen to lead their respective communities, had again made headlines for words of kindness and reconciliation.
Professor Gives 25 Years to Teaching, Dies Broke
Hamilton Nolan · 09/19/13 09:14AMEven the Top of Corporate America Has a Glass Ceiling
Hamilton Nolan · 08/13/13 09:56AMYes, Wall Street Is Overpaid
Hamilton Nolan · 08/08/13 03:37PMUp until the Reagan years, workers in the finance sector of the economy were paid, on average, pretty close to what workers in most other industries were paid. That's all changed over the past 30 years. Do employees of the financial sector deserve to be paid so much more than most other workers? No.
The Real Economy vs. The Wall Street Economy
Hamilton Nolan · 06/05/13 12:19PMSurprise: The Tax Code Mostly Benefits the Rich
Hamilton Nolan · 05/30/13 10:10AMHamilton Nolan · 02/28/13 10:47AM
How America's Racial Wealth Gap Perpetuates Itself
Hamilton Nolan · 02/27/13 01:51PMThe Unfairness and Stupidity of the Payroll Tax
Hamilton Nolan · 02/22/13 01:37PMA temporary payroll tax cut was allowed to expire recently, meaning that payroll taxes are now removing an extra 2% from everyone's paychecks. Every corporation in the business of selling things to non-rich Americans is freaking out, because they expect their customers to cut back on spending now. The working class has just seen its take-home pay reduced by 2%; working class people will now have 2% less to spend on food, and clothes, and toilet paper, and everything else. It may be true that letting the payroll tax rise was foolish in the short term. It is definitely true that payroll taxes in general are, as constructed, a bad idea.
Republicans Are Looking Out for Poor Minorities, Really, They Swear
Hamilton Nolan · 02/18/13 02:59PMConservatives argue that black people should oppose amnesty for illegal immigrants, since immigrants can be expected to take low-wage jobs from black people. The WSJ's editorial page says that minorities should oppose a minimum wage hike, because it will end up costing them jobs. (They treat this as a simple economic fact, which it is not.) There's nothing like the hint of a new liberal policy to cause widespread concern for the welfare of poor minorities among Republicans.
The Top 1% Has More Than Recovered From That Little Recession
Hamilton Nolan · 02/13/13 03:54PMDomestic Workers Need a Union
Hamilton Nolan · 11/27/12 12:30PMNanny. Domestic caregiver. Housekeeper. These are some of the most difficult (and often demeaning) jobs in the American work force. How much do you pay your nanny? The national median is only $11 an hour. For housecleaners or "caregivers," the average is only $10, according to the "first-ever national statistical study of domestic workers," which was released today. It ain't hard to tell: domestic workers are in desperate need of a union.
Our Economy Is Like a Dangerously Unbalanced Lifeboat Waiting to Capsize
Hamilton Nolan · 10/17/12 11:20AMAmerican Masses Tired, Poor, Huddled for 236th Straight Year
Hamilton Nolan · 09/20/12 11:30AMJust another periodic update on the woeful state of our nation, here, America: "Nationally, the median income dropped by 1.3% to $50,502 in 2011." It's worse for the poor, naturally. "Los Angeles County households whose earnings put them in the lowest fifth for income in 2011 earned 12% less, on average, than the incomes of that same group in 2007, when the recession began." In New York, Mike Bloomberg's fortune swelled by 28% in the past year, to $25 billion. Meanwhile: "The rich got richer and the poor got poorer in New York City last year as the poverty rate reached its highest point in more than a decade, and the income gap in Manhattan, already wider than almost anywhere else in the country, rivaled disparities in sub-Saharan Africa." Poor smokers in New York spend a quarter of their income on cigarettes. And across the country, "extreme" racial segregation of schools "is becoming more common."