From the Atlantic In 1992, the 400th richest person in America made $24 million. In 2007, the 400th richest person in America made $138 million (or $87 million, inflation-adjusted). Now, that almost certainly wasn’t the same guy. There’s a lot of churn at the top of the money pyramid. In […]
The Associated Press recently reported that half of all new college graduates are either unemployed or underemployed. These fresh-faced bachelor-degree holders are finding themselves opting for waiting tables and serving coffee just to pay off a trillion dollars in student loans. They are coming to grips with a lie perpetuated […]
Categories: The 1% Tags: What Is The 99 Percent - 93 Percent Ruling of 2010?
The story is long and old, ‘tax the rich, and give to the poor’. Well frankly, there now is a lot of poor that need giving to and the super rich seem to not be paying very much (if anything) of their fair share. Right now, we have […]
Tonight, I am asking my Attorney General to create a special unit of federal prosecutors and leading state attorneys general to expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis. This new unit will hold accountable those who broke […]