inequality

Five Ideas For the Next Century of Taxes

Hamilton Nolan · 10/02/13 12:52PM

Tomorrow is the 100th anniversary of the federal income tax. Thank you, federal income tax, for all the things you have bought this country, except the wars! On this auspicious anniversary, here are five tax ideas to make the next 100 years even better.

The Privilege Tournament: The Forsaken Four

Hamilton Nolan · 10/01/13 11:02AM

Many groups lack privilege, here in the discriminatory Babylon that is the USA. But who lacks privilege the most? We aim to find out, as a service to the public. Only four groups remain in our Privilege Tournament. Hard choices await your vote, below.

The Privilege Tournament

Hamilton Nolan · 09/25/13 09:00AM

Privilege: so sweet to have. But even sweeter to not have. Privilege has its benefits, but the lack of privilege confers that sweet, sweet moral superiority. With that in mind, we have decided to determine who, exactly, has the least privilege of all.

Hopey and Changey: Iran's New President and the Vatican's New Pope

Ken Layne · 09/20/13 02:28PM

A 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 09:14AM

Margaret Mary Vojtko was a longtime adjunct professor at Duquesne University in Pittsburgh. Earlier this month, she died penniless. She may have an even greater effect in death than in life.

Even the Top of Corporate America Has a Glass Ceiling

Hamilton Nolan · 08/13/13 09:56AM

For the most part, corporate America is still a boy's club. The vast majority of top corporate executives are men. Oh, they let in some women, of course. They just don't pay them as much as everyone else.

Yes, Wall Street Is Overpaid

Hamilton Nolan · 08/08/13 03:37PM

Up 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 12:19PM

Almost five years after the near-total collapse of the global economy, the stock market has once again reached new highs. The rich are, without a doubt, getting richer. So have we actually recovered from the Great Recession? No, not at all.

Surprise: The Tax Code Mostly Benefits the Rich

Hamilton Nolan · 05/30/13 10:10AM

I despise when people say "Shocker" in front of a statement of fact, as a snide reminder of their own urbane ennui. If something is that unsurprising, why bother saying it all, you know? With that in mind, SHOCKER: the U.S. tax code is designed to help the wealthy.

Hamilton Nolan · 02/28/13 10:47AM

If you're looking for a primer on America's political and economic iniquities, this new Demos report is a good one.

How America's Racial Wealth Gap Perpetuates Itself

Hamilton Nolan · 02/27/13 01:51PM

A 2009 survey showed that the median white family in American had twenty times more wealth than the median black family. How can this be, so many years after the civil rights movement? The answer, according to a new study: black people have been systematically screwed by home ownership.

The Unfairness and Stupidity of the Payroll Tax

Hamilton Nolan · 02/22/13 01:37PM

A 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 02:59PM

Conservatives 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.

Domestic Workers Need a Union

Hamilton Nolan · 11/27/12 12:30PM

Nanny. 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.

American Masses Tired, Poor, Huddled for 236th Straight Year

Hamilton Nolan · 09/20/12 11:30AM

Just 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."