How Wall Street Financial Fees Choke Our Cities
When a city is forced to spend more on Wall Street fees than on basic public services, it is the...
Author: onepercenttakers
Who Are the Real Takers?
The United States offers three kinds of subsidies to tycoons with private jets: accelerated tax write-offs, avoidance of personal taxes...
Koch brothers’ Americans for Prosperity plans $125 million election spending spree
The Koch brothers’ main political arm intends to spend more than $125 million this year on an aggressive ground, air...
LEAKED: Docs show how Wall Street giant guaranteed huge fees from taxpayers on risky pension investments
When you think of the term “public pension fund,” you probably imagine hyper-cautious investment strategies kept in check by no-nonsense...
The Striking Rise of the American Oligarchs
A new study that will appear in the fall 2014 issue of Perspectives on Politics concludes that the United States...
Salary of McDonald’s CEO should be slashed, activist shareholders say
The salary of McDonald’s CEO Donald Thompson should be slashed by the company’s Board of Directors due to the chain’s...
Corporate Power, Wal-Mart and the Undermining of the Democratic Process
Studies have shown a significant correlation between monies spent and the outcome of elections. While there are still instances where...
The Big Tip that America’s Servers Never See
A good many Americans now know the high-finance games that JPMorgan Chase and other big banks like to play —...
Koch Brothers Face Lawsuit Over Chicago’s Toxic Black Dust
Environmentalists are planning to take billionaires Charles and David Koch to court, alleging the brothers’ companies are responsible for polluting...
Inequality and the Global Race to the Bottom
The chase after ever cheaper sites for manufacturing is causing rising inequality, low-wage misery, and unsafe workplaces in many parts...
Richest Americans See Huge Growth in Income
Here’s a startling fact that illustrates how income inequality is changing the U.S.: The top 1 percent of Americans now...
The ‘Makers’ and the ‘Takers’
Today’s super rich engorge themselves on federal dollars and evade billions in taxes while ordinary Americans work themselves to the...
Paul Krugman: How conservatives and the rich disgraced economics
In his most recent piece for the New York Times, celebrated economist Paul Krugman ponders the ways his chosen field...
Doubling the Minimum Wage Is on the Agenda in Seattle—and Nationally
The dramatic progress of the movement to make the minimum wage a living wage was highlighted on May Day when...
Koch-backed lobbying group’s aggressive new plan to take down the EPA, revealed
The Koch-backed, right-wing lobbying group, ALEC, is planning a coordinated attack on the EPA’s plan to limit carbon emissions from...
Fast Food Failure: How CEO-to-Worker Pay Disparity Undermines the Industry and the Economy
The link between income inequality and economic instability has drawn renewed attention from economists, policy makers, global financial institutions, media,...
The Koch Attack on Solar Energy
At long last, the Koch brothers and their conservative allies in state government have found a new tax they can...
Show Me the Money: Meet the Multimillionaire Squeezing Missouri’s Schools
You’ve probably heard of the billionaire Koch Brothers by now, and their sinister push to distort our democracy. But you...
Supreme Oligarchy
An oligarchy, Webster’s dictionary tells us, is “a form of government in which the ruling power belongs to a few...
Donald Sterling’s Disgusting 1 Percent Ramblings: Let’s Pity the Racist Billionaire
Racist rancher and welfare cowboy Cliven Bundy got some help from an unexpected quarter over the weekend, as a far...
LA Sues Bank Of America Over Wave Of Foreclosures
LOS ANGELES (AP) — The Los Angeles city attorney is suing Bank of America for mortgage discrimination it claims led...
Taxpayers Are Subsidizing CEO Pay
There’s another reason to get upset when CEOs make millions: Taxpayers are subsidizing some of this wealth.
Tech Millionaire Who Beat Girlfriend 117 Times Ducks Jail
RadiumOne CEO Gurbaksh Chahal pleaded guilty to misdemeanor domestic violence and battery charges last week, dodging 45 felony counts for...
The American Middle Class Is No Longer the World’s Richest
The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are...
Top 1 Percent Take Record Share of U.S. Income
WASHINGTON — The top 10 percent of earners took more than half of the country’s total income in 2012, the...
Protesters Target Apple for Offshore Tax Shelters
Protesters dressed up as Apple Store employees in telltale blue t-shirts marched in front of the Union Square store Tuesday...
Obscenely High CEO Salaries are Stark Marker of U.S. Wealth Gap
A beginning elementary school teacher in a small district in California makes around $40,000 per year. That’s 2 or 3...
ALEC and the Koch Brothers Fight Solar Energy with Surcharges
Citizens across the U.S. are attempting to break free of the fossil fuel industry and do what state and federal...
Government = Protection Racket for the 1 Percent
The evidence of income inequality just keeps mounting. According to “Working for the Few,” a recent briefing paper from Oxfam,...
U.S. is a World Leader in Class Conflict Over Government Spending
The claim that America is riven by class conflict may come as a surprise to people who like to think...
America’s Mad Dash to Oligarchy
Since Ronald Reagan’s “supply-side” tax cuts for the rich – followed by other giveaways like eliminating the “death tax” so...
GOP Lawmakers Fought To Keep People Uninsured
WASHINGTON — Eight million Americans are insured through the Affordable Care Act’s exchanges, President Barack Obama announced Thursday. Wendy TwarDokus...
Offshore Tax Havens Cost Average Taxpayer $1,259 a Year, Small Businesses $3,923
April 15, Washington – As hardworking Americans file their taxes today, it’s a good time to be reminded that ordinary...
C.E.O. Pay Goes Up, Up and Away!
At 79, Graef “Bud” Crystal is the grand old man of executive compensation critics. Once a top compensation consultant, he...
Koch-Funded Groups Fuel Assault On Kansas Clean Energy Law
A bill designed to repeal Kansas’ clean energy law is moving quickly through the state legislature this week — an...
Reaganomics Killed America’s Middle Class
When we had heavily regulated and taxed capitalism in the post-war era, the largest employer in America was General Motors,...
Justice Stevens: John Roberts Really Wants To Protect Rich
Retired Justice John Paul Stevens is taking aim at the Supreme Court’s recent 5-4 decision to eliminate the limit on...
Hannity Calls Nun A “Communist” For Acknowledging Paul Ryan’s Budget Hurts The Poor
From Fox News’ Hannity special, “The Power of Faith”.
Princeton Study: U.S. No Longer An Actual Democracy
A new study from Princeton spells bad news for American democracy—namely, that it no longer exists.
Paranoia of the Plutocrats
Extreme inequality, it turns out, creates a class of people who are alarmingly detached from reality — and simultaneously gives...
JPMorgan Paid $20 Billion in Fines Last Year—So Its Board Is Giving Jamie Dimon a Raise
The New York Times reported Friday that Jamie Dimon, the silver-haired CEO of JPMorgan Chase, the nation’s largest bank by...
Koch Brothers Net Worth Soars Past $100 Billion
Charles and David Koch hit a milestone on Wednesday, as a $1.3 billion boost to their collective fortune sent their...
Twenty-Six Top American Corporations Paid No Federal Income Tax – Report
Twenty-six of the most powerful American corporations – such as Boeing, General Electric, and Verizon – paid no federal income...
Prominent Republican: Women Need To Be Paid Less So They Can Find Husbands
In an op-ed published by the Christian Post, Phyllis Schlafly — the founder of the Eagle Forum — maintained that...
Is Our Tax System Fair?
Robert Reich has a special Tax Day message, explaining why the wealthiest 1% pay a much lower tax rate than...
This State Isn’t Waiting For Congress To Pass A $10.10 Minimum Wage
Maryland’s minimum wage will rise to $10.10 over the next four years under a bill passed Monday night. Gov. Martin...
