America’s Grand Fortunes Go Overboard

America’s Grand Fortunes Go Overboard

Imagine yourself part of the typical American family. Your household would have, the Federal Reserve reported in September, a net worth of $81,200. That’s not a whole lot of money. But half of America’s households would actually have less wealth than you...
The Nouveau Sodbusters

The Nouveau Sodbusters

We know from the childhood song that Old MacDonald had a farm. But e-i-e-i-o — look who’s got his farm now. It’s outfits like American Farmland, Farmland Partners, and BlackRock. These aren’t dirt farmers wearing overalls and muddy boots....
The Rigged Housing Market

The Rigged Housing Market

An upscale housing development in Wilton, Connecticut (all of Wilton is upscale) is having no trouble selling its 20 units for $800,000 each. On average, homes in that town now fetch more than $1 million a piece. And real estate experts only rank the region that...
Buying More Than a Piece of the Rock

Buying More Than a Piece of the Rock

One thing about the tea party Republicans in Congress is that they do know who butters their biscuits. Several have recently rushed forward with an anguished plea in defense of Wall Street barons, CEOs, and billionaires: Stop the vilification of wealthy people!...