Tag Archives: wealth

The pope takes on economics’ pro-rich bias

By Edward Hadas The leading theories of economics and finance are usually produced for the rich. Pope Francis deserves praise for suggesting an economics for the poor. The typical criteria of economic success – such as efficient pricing, fully competitive … Continue reading

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Trickle-down economics has made America an “indecent society”

By Robert Reich It’s the season to show concern for the less fortunate among us. We should also be concerned about the widening gap between the most fortunate and everyone else. Although it’s still possible to win the lottery your … Continue reading

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The United States of financial insecurity

By Suzy Khimm Five years removed from the financial crisis, most Americans no longer feel they’re drowning in debt. But a new poll shows they still have that sinking feeling when it comes to long-term finances—and they feel Washington is … Continue reading

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The American Dream rewards few, enslaves millions

By Bhaskar Sunkara I’ve been working odd jobs and starting businesses all my life. It’s a hustler spirit fitting with my immigrant roots, a key part of my identity. Quintessentially American, even. Self-reliance is something I’m proud of – I’ve always … Continue reading

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Big Lie: America Doesn’t Have #1 Richest Middle-Class in the World…We’re Ranked 27th!

By Les Leopold America is the richest country on Earth. We have the most millionaires, the most billionaires and our wealthiest citizens have garnered more of the planet’s riches than any other group in the world. We even have hedge … Continue reading

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Michael Jackson’s lucrative legacy

This aired on 60 Minutes about a week ago. It’s sad but it reaffirmed sadly the old adage that sometimes a person can be worth more deceased than alive.

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Jeff Sessions: Saying Millionaires Should Share Pain Is ‘Rather Pathetic’

I believe there is an insult in there, directed to all of us non-millionaires. What’s so pathetic to ask those who have been blessed with material wealth to do more? While they are asking millionaires to do more, why don’t … Continue reading

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Single Moms Crushed by Recession

Black and Hispanic single mothers has zero median wealth. ZERO. That is surprising and depressing. When America encounters an economic recession or depression our community suffers earlier, longer and more dramatically than the majority. When looking at this issue from that … Continue reading

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Race, Wealth, and Intergenerational Poverty

 This is an eye opening article from Darrick Hamilton and William Darity Jr. from The American Prospect. A African-American or Latino family will have to work three years and save 100% of their income to even attempt to close the wealth gap? Wow! … Continue reading

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In Nigeria, Oil Spills Are a Longtime Scourge

 I admit that I have been unusually quiet about the BP disaster in the Gulf. This article in the New York Times peaked my interest. Nigeria, as well as most of the African continent is extremely rich in natural resources, however we … Continue reading

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