For the first time in U.S. history, the top twelve U.S. billionaires surpassed a combined wealth of $1 trillion. On Thursday August 13, these 12 held a combined $1.015 trillion. This is a disturbing milestone in the U.S. history of concentrated wealth and power. This is simply too much economic and political power in the…
As the US stock market continues to set records, and the economy creates millions of new jobs, many Americans are forced to settle for low-paying work and meager benefits. How long can the inequality continue? The sound of popping champagne bottles will soon echo across Manhattan this holiday season as corporate America is in decidedly…
An analysis released on August 14 by the Economic Policy Institute, a left-leaning think tank, found that chief executive compensation had grown 940 percent since 1978, by one measure, while typical worker compensation had risen by only 12 percent over the same period. Democratic presidential candidate Senator Elizabeth Warren has even proposed a plan that…
The one thing upon which the world’s major religions and most schools of philosophy are agreed is the perils and evil of human greed. Unfortunately, there are some people who didn’t get the memo on greed. Take the Waltons, for example, the family behind the Walmart retail empire. According to the financial and money website,…
The annual Credit Suisse Global Wealth Report is the gold-standard for estimates of private wealth around the world. The latest is Global Wealth Report 2018. It’s at: https://www.credit-suisse.com/ Some aspects of this report (as in previous years) raise more questions than answers, but any informed estimations of where things stand economically within the world’s nations…
As we head into 2019, leaving the chaos of this year behind, a major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world continuing to…
