RECENT NEWS

Putting Super Wealth Into Perspective

Gini’s Growing Fast (or How Much Can One Man Make?) by Paul Buchheit The Gini Coefficient is a measure of economic inequality, from 0 to 1, with 1 representing the most severe degree of inequality. The U.S. Gini, one of the highest among developed countries, has risen steadily, from .39 in 1970 to .47 ... Read more

For Top 400 U.S. Taxpayers, a Near-Record Year

America’s super rich, new IRS income data show, partied on right through the depth of the Great Recession. And they shared precious little of their good fortune with Uncle Sam. By Sam Pizzigati Too Much, May 14, 2011 America’s super rich, new IRS income data show, partied on right through the depth ... Read more

Economy Faces a Jolt as Benefit Checks Run Out

An extraordinary amount of personal income is coming directly from the government. By Motoko Rich New York Times, July 10, 2011 Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an ... Read more

The dramatic effect of poverty on death rates in the US

By Debra Watson WSWS, July 13, 2011 A research team from Columbia University’s Mailman School of Public Health in New York City has estimated that 875,000 deaths in the US in 2000 could be attributed to a cluster of social factors bound up with poverty and income inequality. According to ... Read more

Nearly $2 Trillion Purloined from U.S. Workers in 2009

By James M. Cypher Dollars and Sense In 2009, stock owners, bankers, brokers, hedge-fund wizards, highly paid corporate executives, corporations, and mid-ranking managers pocketed—as either income, benefits, or perks such as corporate jets—an estimated $1.91 trillion that 40 years ago would ... Read more