Yesterday, Amazon announced that it is searching for a new city to build a second, massive, $5 billion headquarters. Exciting? No. Disgusting. This is what the extortion of public resources looks like.
Every time there is a high profile racist incident in America, we all must huddle together to assure ourselves that at least we are not racists. The operating definition of racism needs an overhaul.
The announcement that a large group of news media publishers are banding together in an attempt to bargain collectively with Facebook and Google over revenues is a big deal. And long overdue. But realistically, there are only a few ways that the future of the journalism industry can turn out.
Boyish scamp and retrograde class warrior Paul Ryan is turning his attention to “tax reform,” a term of art for the process of moving our nation’s wealth into the bank accounts of the very rich. Here is one statistic that tells the entire story.
The good news: our relatively strong economy helped to raise wages for everyone in 2016. The bad news: this is a mere blip in the context of overall inequality. And it’s likely to get worse.
This should be the most nonpartisan issue in America: don’t give middle class retirement dollars to high-priced Wall Street money managers for no good reason. And yet...
No need to just guess how different our worldview (the smart ones) is from the others (dumb, bad people). There are numbers—awful, awful numbers.
One of the many terrifying aspects of having Donald Trump as president is that he, like all children, is very easily persuaded. Single meetings and conversations can shape his entire, pliable worldview. The wolves of corporate America know what easy prey looks like.
Can you imagine telling an inequality-wracked world that we might not want to take away a billionaire’s money? Absurd. And poorly argued!
“Making flying suck less” has long been an obvious winning issue for any politician brave enough to stand up to the airline industry. In fact, an easy way to start is to make airports suck less.
Perhaps the greatest tragedy of the presidential campaign is that so many down-and-out people voted for Donald Trump with the idea he would help them. No. Now, he is going to help rich people rob you.
Exciting, the Dow closed over 20,000 yesterday for the first time in history. What is the best thing to do with this information? Uhhhhh...
To all the Wall Street titans, billionaires, and run-of-the-mill rich people who are celebrating the ascendance of Donald Trump to the White House: please keep this one piece of context in mind.
“The Left,” to the extent such a thing exists in America, seems extremely energized by Donald Trump’s victory. They/ we are ready to fight back! What’s the plan? How about... more of the same?
Over the past 50 years, our nation’s institutions have become less racist and less sexist. This decline in discrimination has been very good for America’s economy.
Realistically, there is only one way out of our predicament.
When people who manage lots of money are feeling confident, they invest that money. When they feel scared, uncertain, and pessimistic, they just hold onto cash, waiting fearfully for disaster to strike. How are they feeling now?
America’s devastating racial wealth gap is the clearest possible evidence of our nation’s racist history. If we ever want to deal with it, we have another problem to deal with first: the wages of black people are inexcusably low. And it’s getting worse.