I’ve read that the wealth disparity in America is greater than that in Egypt, where the masses just recently rose up and took back their country. Conventional wisdom seems to be that it can’t happen here, though. Americans, it’s thought, are a complacent bunch, as long as they have decent football to watch, an ample […]
In the current issue of Vanity Fair, Nobel Prize winning economist Joseph Stiglitz has an article on the detrimental effects of the widening wealth disparity in America. Here’s a clip: …It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly […]
Billionaire investor Warren Buffet has long been outspoken in his belief that the rich in American need to pay their fair share in the way of taxes. While a majority of Americans would agree with Buffet, it’s not something that many of our leaders in Washington seem willing to bring up, let alone champion. As […]
Bill Gates, Melinda Gates, and Warren Buffett have challenged their fellow American billionaires to pledge at least half of their net worth to charity, either in their lifetimes or at their death. And, always one to lead by example, Warren Buffet today announced that he would be donating all but 1% of his wealth. Following […]
I just happened across and interesting graph in the New York Times, showing what, according to a non-partisan research organization called the Commonwealth Fund, we as a nation would have saved had we implemented the healthcare reforms proposed by Nixon, Carter and Clinton. I suspect it won’t change the debate much, as people seem to […]
