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Income and wealth in the United States have been concentrating, at an incredibly rapid rate, for nearly three decades now. Yet that concentration seldom comes across, in the nation’s media or politics, as something incredibly important. The Nation, one of the nation’s top weekly political journals, has just published a special issue that may help change that.
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What should we be calling this era of extreme inequality we’re all living through? The Second Gilded Age? Or do you have have a better idea? Over 3,000 people apparently do have a better idea. That’s how many entries we’ve received for our Name Our Epoch contest. We’re now past the contest’s July 31 deadline, and our judging panel will soon be picking a winner. Our three illustrious judges: Barbara Ehrenreich, Walter Moseley, and Howard Zinn!
Editorial writers at the Wall Street Journal are still celebrating George W.’s tax cuts, but the 2008 Presidential campaign’s first debate on tax policy has just helped expose who gains and who loses when tax cuts tilt to the top.
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We just released our new report about corporate jet excess: “High Flyers: How Private Jet Travel Is Straining the System, Warming the Planet, and Costing You Money.”
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Sarah Anderson writes that the problem of excessive pay is not being fixed, even for the top executives of companies in distress.
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Extreme inequalities have stalled progress closing the racial wealth divide. Dedrick Muhammad reflects 40 years after 1968 and the death of MLK.
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©2008 Working Group on Extreme Inequality
