Tags » U.S. Economy
Thomas Piketty is in high demand.
The 42-year old French economist’s new book Capital in the Twenty-First Century offers a nerve-wracking argument: Because the return on investment tends to exceed the rate of growth, inequality isn’t an unintended consequence but an inevitable part of capitalism, and higher taxes on wealth are required to protect democratic society. 2,699 more words
Governments have been pursuing trade deals with different countries and economic trading blocs for at least the last 25 years or so. The benefits of increased GDP, more goods produced for less cost, higher corporate profits and greater consumer choice were promised. 608 more words
A teenager who collects bottles and cans and lives in a city shelter walks near Times Square in New York City.
A new pair of reports suggests that the super rich in the US are richer than we thought. 132 more words