I have previously written about the stunning state of income inequality in America. Two necessary ingredients of Americanism — meritocracy and momentum — are missing in America today. This article looks the relationship between income inequality and income mobility. We define income inequality as [ . . . ]
Could universal basic income bring an end to poverty in America? A lot of big thinkers think so. What is Universal Basic Income? Universal Basic Income (or “UBI”) is the idea of providing a guaranteed income (like $500 a month) [ . . . ]
Playing right now on Netflix is the 2013 documentary film Inequality for All starring Robert Reich, who was Secretary of Labor under Bill Clinton. Throughout the film, Reich challenges the specious notions that everything the government does is bad and that everything that the market [ . . . ]
The Institute for Policy Studies (IPS) published a white paper titled Billionaire Bonanza: The Forbes 400 and the Rest of Us. The IPS is a multi-issue think tank that has been conducting research on inequality for more than 20 years. The key [ . . . ]
Wealth Inequality The Walton family owns Walmart. They also own more wealth than 40 percent of all Americans. The 400 wealthiest people in the nation own more wealth than 61 percent of the country combined, or about 194 million people. Do we envy [ . . . ]
Bank of America’s 2016 Insights on Wealth and Worth survey of the wealthy contains some very interesting findings. The survey studies the attitudes and behavior of wealthy and very wealthy adults in the United States. U.S. Trust, which operates as a division [ . . . ]
Henry Blodget, CEO of business news site Business Insider, recently published a blog titled Time for a Better Capitalism. The article examines how U.S. corporations think of American employees as “costs,” instead of as consumers. Blodget claims that shift has, over time, fundamentally changed [ . . . ]
From personal finance to debt collection to income inequality, Lee Legal keeps an eye on the economic big picture so you benefit from our breadth of experience.
Bill Maher wants us to think about “the sick culture of wealth,” or America’s unseemly worship of obscene wealth. In June 2015 we learned that Minnesota dentist Walter James Palmer was responsible for slaying one of Zimbabwe’s most beloved lions, [ . . . ]
Just released is an insightful new white paper from the Brookings Institution’s William A. Galston entitled The New Challenge to Market Democracies. The author goes further than simply asserting that better policy can reverse the now decades-old trend of income [ . . . ]
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