The Scourge of Siphon-Up Economics

The Scourge of Siphon-Up Economics

When the Census released the latest data on inequality, most mainstream media outlets shrugged it off. That’s quite a contrast from earlier this year when inequality was all the rage. Reporters were scrambling to write about it. In January, President Barack...
Taxing the #RichKids

Taxing the #RichKids

It doesn’t take long for viewers of #RichKids of Beverly Hills to realize the show is deliberately trying to make you feel poor. Watching heiresses in their mid-twenties drop more on a day of shopping than the average American spends buying a home makes the...
Rich Man Hails Middle Class Job Creators

Rich Man Hails Middle Class Job Creators

Here’s an unusual super-rich guy with a strange message for his fellow 1-percent-of-the-1-percenters. Nick Hanauer, who made billions as an Internet entrepreneur, recently wrote an open letter to his fellow über-richies. “The true job creators are...
Let’s Give Workers Something to Cheer About

Let’s Give Workers Something to Cheer About

Labor Day is supposed to be a celebration of workers, but it’s been a long time since workers have been celebrated — or for that matter, have had a reason to celebrate. That’s because the union movement that gave us this holiday is, at least numerically, a...
The Class War Goes Retail

The Class War Goes Retail

For the first time since 1997, the U.S. economy just added at least 200,000 jobs per month for six months running. GDP grew at a 4 percent annual clip between April and June. The percentage of Americans who describe the economy as “good” has climbed to the...