How rising inequality hurts everyone, even the rich

Over the past 40 or so years, the American economy has been funneling wealth and income, reverse Robin Hood-style, from the pockets of the bottom 99 percent to the coffers of the top 1 percent. The total transfer, to the richest from everyone else, amounts to 10 percent of national income and 15 percent of national wealth. […]

The Republican tax bill got worse: now the top 1% gets 83% of the gains

By 2027, more than half of all Americans — 53 percent — would pay more in taxes under the tax bill agreed to by House and Senate Republicans, a new analysis by the Tax Policy Center finds. That year, 82.8 percent of the bill’s benefit would go to the top 1 percent, up from 62.1 under the Senate […]

Study: austerity helped the Nazis come to power

Thousands of historians, economists, sociologists, and other researchers have spent more than 80 years trying to make sense of the Nazi Party’s sudden rise to power. The standard explanation is that German voters flocked to the party in Germany in 1932 and 1933 in response to the pain of the Great Depression, which conventional parties […]