What Happened to Working Women?

Japan now has a higher proportion of working women than we do. I’m trying to get my head around this fact. “Everyone else is continuing to rise and we’ve declined, and now we’re basically tied with Japan. And Japan’s on the upswing and we’re still going down,” said Jason Furman, chairman of President Obama’s Council […]

The stunning — and expanding — gap in life expectancy between the rich and the poor

Wealthy and middle-class baby boomers can expect to live substantially longer than their parents’ generation. Meanwhile, life expectancy for the poor hasn’t increased and may even be declining, according to a report published Thursday by several leading economists. Call it a growing inequality of death — and it means that the poor ultimately may collect less […]

What Could Raising Taxes on the 1% Do? Surprising Amounts

When it comes to paying taxes, most Americans think the wealthy do notpay their fair share. There is a sharp divide, however, between Republicans and Democrats when it comes to taxing the rich, who provide most of the cash for political campaigns. All the Republican tax proposals, in fact, cut taxes for the wealthiest Americans. […]

Higher taxes on the rich actually wouldn’t lower inequality that much

Up isn’t down, black isn’t white, and higher taxes on the rich don’t do nothing about inequality. The question, though, isn’t whether they do anything — it’s how much they actually do. The answer might be less than you think. That, at least, is what William Gale, Melissa Kearney and Peter Orszag found when they simulated what […]