A $2 trillion coronavirus relief package passed by Congress — and set to be signed into law by President Donald Trump on Friday — aims to rescue distressed corporations and workers alike. But a lesser-known provision that limits executive pay at companies that receive...
Sen. Cory Booker (D-NJ) and Rep. Ayanna Pressley (D-MA) want to address racial and wealth inequality by giving upwards of $50,000 to the country’s poorest children by the time they turn 18 and become adults. … Read the full article at Yahoo!...
The rich are becoming even more obscenely rich. A new chart from Deutsche Bank Securities’ Chief Economist Torsten Slok shows how the richest 10% of households in America own 70% of all the wealth. While household net worth has grown overall from $1.17 trillion in the...
Three families of dynastic wealth — that’s the Walton, Koch and Mars families — have seen their wealth increase close to 6,000% since 1982, according to the Billionaire Bonanza report by the progressive think tank Institute for Policy Studies. Their combined wealth –...
… “I’m really concerned that if any of any these tax cuts for overseas corporate profits go ahead we’re really burning our bridges to the future,” says Sarah Anderson, director of the Global Economy Project at the Institute for Policy...
… There’s nothing new about criticizing Walmart for underpaying employees or ‘double-dipping’ on food stamps, and I’m sure that episode was taped before Walmart announced plans to raise pay for its entry level workers. But the line about...
