The Age of the Oligarchs
The chaos in Ukraine can be viewed, in part, as what happens when a collection of “oligarchs” – sometimes competing,...
Author: onepercenttakers
Pressure Mounts For Higher Federal Minimum Wage
WASHINGTON (NNPA) – Civil rights groups, labor organizer and their allies are stepping up pressure on Congress to pass legislation...
Is a higher minimum wage a job killer? Not in these states
One of the most hotly contested issues in the debate over raising the federal minimum wage — whether it will...
“We are in great danger”: Ex-banker details how mega-banks destroyed America
“It no longer matters who sits in the White House,” former Goldman Sachs managing director Nomi Prins writes in her...
There’s a Class War Going On and the Poor Are Getting Their Butts Kicked
Although they say they’re concerned about inequality, economic policymakers continue to pummel low-income families and the jobless, and that’s bad...
Half A Million People With College Degrees Are Working For Minimum Wage
Almost half a million college graduates are working minimum-wage jobs, according to new government statistics.
Politicians Talk Tough On Tax Haven Reform, But Activists Say Talk Is Cheap
Big players are taking unprecedented steps to stop offshore abuses, but financial crime fighters worry reforms don’t go far enough.
Corporate America Stashes $206 Billion Overseas, Fights Minimum Wage Hike, Is The Worst
Hey, Corporate America, are you befuddled as to why you are widely considered the mustache-twirling villain in the tragicomedy that...
Jesse Ventura Rips B*tchy Billionaires: The Poor Work Just as Hard as You Do
Tuesday on his show “Off the Grid,” former Minnesota Gov. Jesse Ventura “called bullsh*t” on the “one percent” who are...
What Do the Koch Brothers Really Want?
As a result of the disastrous Citizens United Supreme Court decision, billionaires and large corporations can now spend an unlimited...
Hamburgled: Nine Out Of Ten Fast Food Workers Have Experienced Wage Theft
A new poll finds that 89 percent of fast food workers nationwide say they experience wage theft.
Senate Republicans Unanimously Block Equal Pay Bill
On Wednesday, Senate Republicans unanimously voted against advancing the Paycheck Fairness Act. Forty-three voted against invoking cloture, joined by Independent...
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...
Retirees Lose Last Shield Against Pension Cuts As Judge Approves Detroit’s Payoff To Banks
After rejecting two previous proposals for being too generous to banks, on Friday a federal judge approved Detroit’s plan to...
Wealth Inequality Is Now As Bad As It Was During The 1920s
Most people know about income inequality: the gap in earnings between the 1 percent and the rest of us that...
Huge Swiss bank Credit Suisse helping wealthy Americans hide $10-$12B: U.S. Senate panel
WASHINGTON — Billions of dollars in U.S. taxes are going unpaid because Americans are exploiting Swiss bank accounts, and the...
Median CEO Pay Jumped 13 Percent Last Year To $10.5 Million
Median CEO pay rose to $10.5 million last year at America’s largest companies, according to a USA Today analysis that...
The Next Domino’s To Fall: Pizza Chain Will Pay A Half-Million Dollars Over Stolen Wages
Drivers and pizza cooks will share a $448,000 payout from 23 Domino’s Pizza franchise owners around New York state under...
America’s $100 Billion Tax Break Helps The Rich Buy Bigger Homes
An expensive tax break intended to make more Americans homeowners is instead making American homes bigger without benefiting non-rich people,...
US Is an Oligarchy Not a Democracy, says Scientific Study
A study, to appear in the Fall 2014 issue of the academic journal Perspectives on Politics, finds that the U.S....
The Burger Chain That Pays $10 An Hour With Benefits
Shake Shack, a burger chain with locations in Florida, New Jersey, New York, Pennsylvania, Washington, D.C. as well as international...
Koch Industries: Secretly Funding the Climate Denial Machine
Billionaire oilman David Koch used to joke that Koch Industries was “the biggest company you’ve never heard of.” Now the...
Lawmakers Take the ‘Minimum Wage Challenge’ to Eat Off a Reduced Budget for a Week
Rashida Tlaib is a state representative in Michigan. But on Wednesday when she checked out at her grocery store, she...
Bernie Sanders: Greedy Billionaires Twisting American Dream Into Nightmarish Oligarchy
Sen. Bernie Sanders (I-VT) asked Thursday whether the U.S. was evolving into an oligarchy during a speech on the Senate...
GE, Pfizer, Microsoft, Apple and Other Major US Corporations Are Parking More Cash Abroad to Avoid Paying Taxes
U.S.-based nonfinancial companies are parking record amounts of cash abroad, thanks largely to a tax code that encourages them to...
For Adelson, Koch Brothers, Buying a Politician is Good Business
People like Sheldon Adelson support candidates who are in favor of lowering tax rates for corporations and the super-wealthy —...
Robert Reich Explains the War on the Poor and Working Families
Connect the dots between policies that keep many of our fellow Americans desperate, and you’ll see they add up to...
The Government Listens to Lobbyists and the Wealthy, Not You and Me
When organized interest groups or economic elites want a particular policy passed, there’s a strongly likelihood their wishes will come...
Reid: Koch Brothers Want ‘to Buy America’
Senate Majority Leader Harry Reid (D-Nev.) accused the Koch brothers of “trying to buy America”.
Ryan Plan Gets 69 Percent of Its Budget Cuts From Programs for People With Low or Moderate Incomes
House Budget Committee Chairman Paul Ryan’s new budget cuts $3.3 trillion over ten years (2015-2024) from programs that serve people...
The Republican Budget: An Assault on the Middle Class
(CNN) — Strong countries need a thriving middle class, but in America today, the people who have to work for...
Bank of America to Pay $6.3 Billion to Settle Mortgage Securities Suit
Bank of America is paying $6.3 billion to settle a lawsuit arising out of troubled mortgage-backed securities it cobbled together...
McDonald’s Systematically Steals Worker Wages, Lawsuits Claim
Workers in California, Michigan and New York this week filed six new lawsuits against McDonald’s claiming they were systematically shorted...
For Services Rendered? Wall Street’s Big Paydays For Trade Negotiators
If you take the king’s shilling, says the old saying, then you do the king’s bidding. So what happens when...
The Super Rich Are Richer Than We Thought, Hiding Huge Sums, New Reports Find
A new pair of reports suggests that the super rich are richer than we thought.
McDonald’s CEOs Get Big Pay Increases, Despite Falling Sales
NEW YORK — McDonald’s Corp. more than tripled the pay packages last year for its new CEO Don Thompson and...
Corporate Cronyism: The Secret to Overpaid CEOs
High pay may be understandable when a top executive turns around a failing company or vastly expands a company’s revenue...
One Percenter Convicted Of Raping Child Dodges Jail
A Delaware man convicted of raping his three-year-old daughter only faced probation after a state Superior Court judge ruled he...
Senator Says Caterpillar Avoided Billions in Taxes
WASHINGTON (AP) – Manufacturing giant Caterpillar Inc. has used an aggressive tax strategy to shift profits overseas in order to...
Casino Billionaire Sheldon Adelson Wants U.S. to Nuke Iran
Casino billionaire Sheldon Adelson told a crowd at Yeshiva University in New York on Tuesday that the only proper negotiating...
How McDonald’s and Wal-Mart Became Welfare Queens
The two biggest welfare queens in America today are Wal-Mart and McDonald’s.
Romney’s Wrong, 1 Percenters Are the True Takers
Yes, there are “takers” in the American economy, but they’re not the poor folks Mitt Romney referenced in his now-infamous...
JPMorgan Fails to End Lawsuit Over London Whale Losses
(Reuters) – JPMorgan Chase & Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them...
The Billionaires Bankrolling the Tea Party
There’s just one element missing from these snapshots of America’s ostensibly spontaneous and leaderless populist uprising: the sugar daddies who...
Former CEO: Executive Pay Is ‘A Fraud’
You can blame the stagnant economy on a “handful of women and men” who run the country’s largest companies. And...
Billionaires’ Crybaby Club: Someone Get These Whiners a Bottle!
Does being super-wealthy make you extra susceptible to self-pity today? That’s the only conclusion we can draw from an epidemic...
