I’ve discussed the Credit Suisse Global Wealth Reports before, an excellent source of data for both wealth and wealth inequality. The most recent edition, from November 2016, shows the United States getting wealthier, but steadily more unequal in wealth per adult and dropping from 25th to 27th in median wealth per adult since 2014. Moreover, […]
Videos below the fold. I caught Edward Kleinbard the other morning on Cspan. He is a professor of law and business at USC and a fellow at the Century Foundation. His book: We are better than this: How Government Should Spend our Money. If you google his name, articles will come up from October 2014. […]
Embarrassingly, I missed this reply by Tim Worstsall to my post “Understanding Piketty, part 1.” My apologies to Mr. Worstall and my readers; despite his writing it August 14, I just discovered it the other day when I was mindlessly looking at site traffic data from Alexa. In his post Worstall takes issue with Piketty’s […]
Via Bloomberg comes this note on demographics and the work force, and continues a conversation about how that impacts all of us. Probably not in the way most often provided in punditry…such as taking jobs away from the millenium generation, wealthy old geezers stereotypes, or alarms sounded about who is to pay for services we […]
Since I got preempted posting the inequality video at AB, I thought I’d offer this as a follow-up. H/T to Rachel Maddow.
Via Sandwichman at Econospeak comes this well done video on Wealth: It’s Not for Everyone, which is going to 3 million views from facebook, reddit, and elswhere:
by Linda Beale Romney and Private Equity’s Questionable Schemes for Paying Very Little Tax Presumably any American who wants to be informed is aware that GOP presidential candidate Mitt Romney‘s claim to business acumen resides in his experience at a private equity firm that made much of its money by ramping up debt at purchased […]
Via Naked Capitalism comes this youtube video from Jamie Galbraith on inequality and macroeconomics, a speech delivered at the INET talks in Berlin: Galbraith has marshaled a great deal of cross country data over time, and shows how changes in equality happened in a very large number of economies in parallel. He explains, persuasively, that the most […]
Update: Mike Konczal also takes a look at this question in Who are the one percent and what do they do for a living.Update 2: Another source for historical trends on inequality is at The Center for Budget and Policy Priorities by Taryn Hart Taryn Hart publishes at her blog Plutocracy files and has interviewed […]
Romney’s Wall St. J. Interview with Gigot–Protecting the Rich [edited to rephrase and correct typos 12/26/11 5 pm] Joseph Rago and Paul Gigot interviewed Mitt Romney on his ‘vision’ for America–“On Taxes, ‘Modeling’, and the Vision Thing”, Wall St. J. Dec. 23-24, 2011, at A13. In it, Romney reveals the way patrician wealth has affected his […]