archive

The problem with rich people

Welcome to an Economy for the 1%: A full 95 percent of all of the new income generated during the 2009-2012 recovery went to a very small group of individuals. Michael Todd on the benefits of wealth inequality (and why we should not fear it). Billionaire Buzzkill: They’re ruining the fun for mere millionaires. Adam Waytz on the problem with rich people and ethics. Those at the top take all the credit in the best of times and blame everyone beneath them the rest of the time — at all times, though, they take the money. Daniel Goleman on how rich people just care less: The poor are more attuned to social relations, because they have to be — reducing the economic gap may be impossible without also addressing the gap in empathy. Plutocrats feeling persecuted: Paul Krugman on the rise of a small but powerful group of what can only be called sociopaths. The poor might’ve been hardest hit by the housing crisis, but the rich complain most. Poor little rich guys: The Supreme Court clamors to protect the right of Richie Rich, Scrooge McDuck, and the Koch brothers to further corrupt American politics. Scott Lemieux on McCutcheon, the next victory for the 1 percent. Keith Payne on the myth of executive stress: How tough is it, really, to be the boss? “Shame on us”: How businesses brought thedebt limit mess onto themselves. Sorry, rich people: Even you will be affected by the shutdown.