If the Minimum Wage Had Increased as Much as Wall Street Bonuses Since 1985, It Would Be Worth $44 Today
The 2020 bonus pool for 182,100 securities industry employees could pay for more than 1 million jobs at a $15 minimum wage for a year.
A Senator Against CEOs Making Over 50 Times What Workers Make Now Has a Gavel
And that senator is using his gavel to boost a bill that ups taxes on firms that pay executives outrageously more than their workers.
How the CEO-Worker Pay Gap Deepens Income and Wealth Inequality
While working families are suffering under the pandemic, corporate boards have bent the rules to protect massive CEO paychecks.
Did America’s Greediest Corporation Just Become Greedier?
Recently added to the Walmart governing board: still another expert in enriching top execs at worker and taxpayer expense.
Some Corporate-Suite Context for the Fun and Games at GameStop
Amid a rising billionaire tide, could a blip help change our national economic conversation?
Why Can’t CEOs Pay For Their Own 3-Martini Lunch?
Buried in the COVID relief deal is a provision that will require taxpayers to subsidize lavish business meals for corporate executives.
Celebrating the Passage of the Corporate Transparency Act
This week, Congress takes a meaningful step toward eliminating anonymous shell corporations.
U.S. Billionaire Wealth Surges Past $1 Trillion Since Beginning of Pandemic — Total Grows to $4 Trillion
The total wealth of U.S. billionaires reaches $4 trillion, over $1 trillion of which has been gained since the beginning of the pandemic.
When Police Repression is Not Enough: A U.S. Corporation is Suing Guatemala to Crush Local Mining Opposition
Global mining companies are turning to international arbitration to strong-arm governments into bending to their interests.
Report: Billionaire Bonanza 2020
Billionaire wealth has grown astoundingly over the last few decades — and, for some “pandemic profiteers,” even more dramatically since the COVID-19 crisis.
Jayapal Proposes Layoff Prevention Plan as the Fed Expands Corporate Aid With No Employment Strings
We could avoid a return to Great Depression-era unemployment rates if we follow European models and tie business assistance to preserving jobs.
Bailing Out the Rich — Again
In a deeply unequal America, our democracy clearly has a problem legislating emergency relief without further enriching the already rich.
In 2008 We Bailed Out Companies, But Not People. Are We About To Do It Again?
Why debate the coronavirus bill currently before Congress? When Congress rushed through a massive stimulus plan in 2008, it ended up bailing out big businesses but not regular people.
In Blow to Privatizers, House Passes Postal Financial Relief
The bipartisan bill would ease financial challenges critics use to justify postal worker wage cuts and selling parts of USPS to for-profit corporations.
How to Stop CEOs from Earning 1,000 Times More Than Their Workers
The Tax Excessive CEO Pay Act could incentivize less harmful corporate executive behavior while raising revenue that could be used to reduce inequality.