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California ballot initiative to make state university free again by...
From their inception, California's state colleges and universities were free or nearly free for in-state students, but since the 1970s, the state systems have been ratcheting up tuition and...
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Koch brothers publish letter crowing about all the ways Trump spent the year...
In a letter to the Koch network -- a group of evil billionaires who chip in to buy politicians -- the Koch brothers crowed about how Donald Trump (whom they considered replacing with Paul Ryan in a...
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Stock market gains to the richest 2% of Americans in 2017 could pay for the...
The wealthiest 2% of Americans got $1.15 trillion richer in 2017, nearly all of it in stock market gains -- more than enough to pay for state and federal Medicaid, and all mandatory and discretionary...
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How 401(k)s created a class of suckers to be fleeced by the investor class
America's 1% have waged a long war on defined-benefits pensions, insisting that America could prepare for retirement by putting their money into 401(k)s, despite the stark evidence to the contrary....
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For Goldman Sachs execs, momentarily working for the government means...
When Gary Cohn left Goldman Sachs to to work for Donald Trump, he was required to sell off his Goldman Sachs stock, but he didn't have to pay capital gains tax on that sale, saving him a cool...
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Billionaire Cartier boss returns from fishing holiday gripped with terror...
Tobacco heir Johann Rupert is worth $7.5B; he's head of Cartier, Montblanc, Chloe and other luxury goods labels, having returned to the helm of his Richemont holding company after a year-long...
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Rail barons and the new gilded age: one-percenters travel in style by...
The Wall Street Journal profiles rich "train buffs" who buy vintage Gilded Age railcars and refurbish them, then pay to have them hitched to Amtrak trains and pulled between their city houses and...
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The Wall Street Journal on the decade since the crash: inequality, giant...
It's been ten years since the financial crisis, when barely regulated banks destroyed the world's economy, kicked off wars, and directly and indirectly killed millions. (more…)
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The other class war: technocrats vs plutocrats
After World War Two, the balance of wealth shifted dramatically: the super-rich lost so much capital during the two wars and the interwar period that their grip on power slipped, creating the space...
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Designer garden hoses, and other 'luxurious alternative garden appliances'
Riffraff, step aside. A line of garden hoses for the more discerning yard worker has arrived. With models like the Gold Digger ("certainly a statement piece is for those who love a bit of show off"),...
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How the "global super-rich" have honeycombed London's posh neighbourhoods...
London -- ground zero for financial shenanigans, money-laundering, and the conversion of housing from a human necessity to an asset-class -- has spent decades converting itself to an inert, open-air...
View ArticleCEO-to-worker wage gap yawns ever wider, hitting 312:1 in 2017, up by 17.6%
The CEO:worker wage ratio was stable in 2015/6, but some unnameable policy or policies, which we can only guess at, were at work in 2017, boosting the gap by 17.6% to 312:1. It's really hard to...
View ArticleMajority of American millionaires support a wealth tax on American millionaires
When Elizabeth Warren proposed a Thomas Piketty-style wealth tax (2% annually on family fortunes over $50m, 1% more on fortunes over $1b), she ballparked the returns at $1.9-2.75t over the first ten...
View ArticleAmerica's super-rich write to Democratic presidential hopefuls, demanding a...
18 of the richest people in America have sent a letter to all the candidates for the 2020 Democratic presidential nomination, demanding that their election platform include a annual wealth tax on the...
View ArticleTrump's trade war cost the world $2t, wiping 6% off the global one percent's...
Trump's trade war has reduced the world's net worth by $2 trillion ($1.5 trillion of which came off the balance sheets of the 1%), with losses most deeply felt in China and Europe; North and South...
View ArticleDynasties: in-depth reporting on the wealthy, influential political and...
The latest podcast from the Canadaland network (previously) is Dynasties, wherein host Arshy Mann delves into the scandals, backroom deals, and secret string-pulling employed by the "great families"...
View ArticleThe poorest half of Americans have nothing left, so now the 1%'s growth comes...
The Fed's latest figures on American household wealth paint a rosy picture -- in the aggregate. US households now own a record-breaking $107T worth of assets! But drill into those figures and you'll...
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