archive

About rich people

Jeffrey A Winters (Northwestern): Wealth Defense (“The emphasis is on material stratification, the wealth threats rich Americans have faced, and how wealth defense has been achieved — including the emergence and impact of the Wealth Defense Industry in the second half of the twentieth century”). From New Left Project, Jeffrey A. Winters on wealth defence: Wealth concentration is the single most enduring economic pattern across all polities from ancient Mesopotamia to the present — in their ceaseless battle against the threat of redistribution, oligarchs eventually hit upon an enduring solution: the tax state. The world is a pretty fair place, according to rich people. Hamilton Nolan on Alice Walton, the villain. Annie Lowrey on how the 0.00003 percent lives. About 32,000 people control 11 percent of American wealth. Matthew Yglesias on 9 fascinating facts about the 400 richest Americans. How Wall Street took over the Forbes 400: Thirty years ago, Wall Street only made up a sliver of the Forbes 400 list of richest Americans — not anymore. Darrell M. West on five myths about billionaires (and more). Steve Siebold on what the middle class doesn't understand about rich people. Our invisible rich: They have become so wealthy that most Americans can’t imagine how much they’re worth. Neil Irwin on how the benefits of economic expansions are increasingly going to the richest Americans. During the downturn, America's poor helped each other more — the rich pitched in less. What’s the best way to overcome rising economic inequality? Yes, the Federal Reserve can reduce inequality. John Cassidy on rising inequality: Janet Yellen tells it like it is. Janet Yellen mentions inequality; conservatives scandalized. The Washington Center for Equitable Growth wanted to study inequality — it couldn’t get conservatives on board.