Tagged: US middle class

Rich Country, Poor People

Rich Country, Poor People

You might have read the headlines… Happy Monday! S&P 500 now up 10% for year” —CNN Money “Third-quarter U.S. economic growth strongest in 11 years” —Reuters “The U.S. economy is on a tear” —Wall...

The Rich Won’t Need us Much Longer, Dr. Stiglitz

The Rich Won’t Need us Much Longer, Dr. Stiglitz

I read a scholarly article recently by an economist I respect, Nobel winner Joseph Stiglitz. He made a compelling case for the rich helping the rest of us for “selfish” reasons. The argument was well...

How Did Members of Congress Get so Filthy Rich?

How Did Members of Congress Get so Filthy Rich?

When you consider that  rank-and-file members of Congress are paid about $170,000 a year,  you have to wonder how so many of them became millionaires.  Make that multimillionaires. Even the top dogs in the...

As the World Turns, America Spins to the Dark Side

As the World Turns, America Spins to the Dark Side

You probably know as well as I do that America’s sun is setting, that China’s is rising, and that a changing world means changing times for everyone.  But even so,  I was surprised to...

The Grand Plan is Simple – and Very, Very Profitable

The Grand Plan is Simple – and Very, Very Profitable

Watching a panel of financial experts on television last night, I had one of those flashes I get occasionally, when the veil is lifted and I see what’s really going on. And, no, I...

We Can Be Idle No Longer. It’s Time to Act

We Can Be Idle No Longer. It’s Time to Act

Look folks, this is serious business. We’ve been writing stuff and reading stuff and tut-tutting and finger wagging long enough. It’s time to hit the bricks. If you live in the USA and you...

Are Sinister Forces Deliberately Changing American Society?

Are Sinister Forces Deliberately Changing American Society?

In the Huffington Post today, Harvard Professor Elizabeth Warren goes to elaborate lengths to argue that America’s middle class is disappearing. She concludes that: America today has plenty of rich and super-rich. But it...