Police Can’t Raid Our Dreams

Police Can’t Raid Our Dreams

This past weekend, I stood in the rain at Occupy DC as police in riot gear trampled through the camp at McPherson Square. I ran as they charged the crowd with police horses. I watched as they grabbed clothing, books, tents, shoes, and other personal property, and...
‘Tis the Season to Shop at Tiffany’s

‘Tis the Season to Shop at Tiffany’s

The economy is expanding, the unemployment rate is down, and consumers are spending again. The National Retail Federation expects holiday season sales to be up 3.8 percent over 2010, and other organizations predict increases of 3.5 percent to 4 percent. It all sounds...
The 10 Greediest Americans of 2011

The 10 Greediest Americans of 2011

You don’t have to make millions to rate as an all-star greedster. You do have to be ruthless, self-absorbed, and insensitive to others. Here’s my list of the 10 greediest Americans of 2011. 10. Michael T. Duke, Wal-Mart CEO Duke takes home his millions —...

A Case Study for Why We Need a Stiff Estate Tax

Great wealth, the philosopher Philip Slater once noted, tends to make wealthy people instinctively suspicious because they can never be quite sure whether others love or admire them for their fortunes or themselves. “If you gain fame, power, or wealth, you...

Dubai: Temple of Greed

Wealthy playground, By the sea; Never meant For you or me. You may be a bit hazy on the Persian Gulf. Basically that’s where a lot of the world’s oil comes from. The Gulf is a long, slim, shallow dead-end sea connected to the Indian Ocean by the...

Plutonomism

For the super-rich hoity-toities of our land, the democratic populism arising among the hoi polloi is unpleasant, messy, and…well, so common. Instead of that, they sniff, America should be ruled by an “ism” of their invention: plutonomism. Yes,...

The Destruction of the Black Middle Class

To judge from most of the commentary on the Gates-Crowley affair, you would think that a “black elite” has gotten dangerously out of hand. First Gates (Cambridge, Yale, Harvard) showed insufficient deference to Crowley, then Obama (Occidental, Harvard)...

Common Security Clubs: Working Together to Face Hard times

For 15 years, I have been tracking the growing inequalities of income and wealth in the United States. Along with others, I have argued that you can’t have a healthy economy if most people’s wages are flat and their consumption is based on overwork and...

Ike Wanted to Spread Wealth, Too

Nearly 50 years ago, a famous American gave a speech that advocated spreading the wealth. In some countries, this notable stated, “a few families are fabulously wealthy, contribute far less than they should in taxes, and are indifferent to the poverty of the...

High Flyers

As Americans prepare to pay extra for checked bags, wait in long lines, and endure increasingly crowded commercial flights, super-wealthy private jet owners are enjoying tax breaks and luxury at the public’s expense. “High Flyers: How Private Jet Travel Is Straining...

The Rich and the Rest of Us

Over the past three decades, market-worshiping politicians and their corporate backers have engineered the most colossal redistribution of wealth in modern world history, a redistribution from the bottom up, from working people to a tiny global elite. This special...