Browsing Tag
Wealth
66 posts
Why Income Inequality Will Likely Keep Getting Worse
Embracing a system based on maximizing the returns to private owners of capital is a mistake for the great majority of working people.
The Dead Are Wealthier Than the Living: Capital in the 21st Century
Patrimonial capitalism—and the landed or urban gentry living off of inherited wealth—was dealt a mortal blow by the Great Depression and World Wars. But it's making a comeback, and the only way to stop it might be a worldwide tax on capital.
The Psychological Need the Wealthy Can’t Fulfill
And why you can expect more off-color and out-of-touch commentary like Tom Perkins’ op-ed in the Wall Street Journal that warned of a “Progressive Kristallnacht.”
We All Know That Inequality Is Growing, but What Should We Do About It?
How you answer that question probably has a lot more to do with your ideology than your income.
Wealthier Neighborhoods Breed Materialistic Residents
New research finds residents of well-to-do neighborhoods—especially those who are younger and relatively poorer—tend to spend compulsively and manage their money unwisely.
Banks Don’t Do Much Banking Anymore—and That’s a Serious Problem
As hedge funds, private equity firms, and other asset managers that make up the shadow banking system gradually take over the role of lending, their risks—and the borrowed money they use to make them—are largely shielded from view.
Want to Get Rich? Get Fit
A new study finds that your long-term income could be closely tied to regular exercise.
The Quest to Improve America’s Financial Literacy Is Both a Failure and a Sham
Financial literacy promotion may sound perfectly sensible—who wouldn’t want to teach children and adults the secrets of managing money?—but in the face of recent research it looks increasingly like a faith-based initiative.
If You Want to Be in the NBA It Helps to Grow Up Rich
LeBron James was right, then, when he said: "I'm LeBron James. From Akron, Ohio. From the inner city. I am not even supposed to be here."