.1% of America Now Controls 22% of Wealth: The Wealth Gap Has Killed the Middle Class

A new working paper by London School of Economics professors Emmanuel Saez and Gabriel Zucman sheds some very unflattering light on the American wealth gap, which has reached levels unseen since the Roaring ‘20s. The wealth gap has been overtaking the income […]

 

"All the issues we care about most – climate change, international debt, nuclear proliferation, war, the balance of trade between nations – can be resolved only at the global or the international level. Without global measures, it is impossible to see how we might distribute wealth from rich nations to poor ones, tax the mobile rich and their even more mobile money, control the shipment of toxic waste, sustain the ban on landmines, prevent the use of nuclear weapons, broker peace between nations or prevent powerful states from forcing weaker ones to trade on their terms. By working only at the local level, we leave these, the most critical of issues, to the men who have appointed themselves to run the world."
George Monbiot