Thomas Piketty
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America Is Declining At The Same Warp Speed That's Minting Billionaires And Destroying The Middle Class
America has the most billionaires in the world, but not a single U.S. city ranks among the world’s most livable cities...America looks increasingly like a Third World nation, and now new data shows America’s intellectual resources are also in decline...
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Nobel Prize-Winning Economist: We're Headed For Oligarchy
In a recent interview at the Economic Policy Institute, Nobel Prize-Winning economist and MIT professor Robert Solow riffed on the political effects of increasing inequality and concentration of wealth at the very top. "If that kind of concentration of wealth continues, then we get to be more and more an oligarchical country, a country that's run from the top," he said.
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Our Broken Economy, in One Simple Chart
Many Americans can’t remember anything other than an economy with skyrocketing inequality, in which living standards for most Americans are stagnating and the rich are pulling away. It feels inevitable. But it’s not. A well-known team of inequality researchers — Thomas Piketty, Emmanuel Saez and Gabriel Zucman — has been getting some attention recently for a chart it produced. It shows the change in income between 1980 and 2014 for every point on the distribution, and it neatly summarizes the recent soaring of inequality...
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The Rich Get Richer Through The Recovery
The top 10 percent of earners took more than half of the country’s total income in 2012, the highest level recorded since the government began collecting the relevant data a century ago, according to an updated study by the prominent economists Emmanuel Saez and Thomas Piketty. Read More »
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Where Does $2 Trillion In Subsidies For The Wealthiest Hide In Plain Sight?
Research shows that government subsidies for the 1 percent are creating greater inequality. A new white paper by Roosevelt Institute Chief Economist Joseph Stiglitz offers solutions...
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