Co-editor, Inequality.org Institute for Policy Studies associate fellow and author, ‘The Rich Don’t Always Win: The Forgotten Triumph over Plutocracy that Created the American Middle Class, 1900-1970’ and ‘The Case for a Maximum Wage’
The most important stat that describes Elon Musk’s wealth? Not whether it’s sitting just above or below the trillion-dollar level. The real most revealing stat: 94% of Musk’s wealth comes from not having to pay taxes on his unrealized capital gains. otherwords.org/elon-musks-f...
Elon Musk’s Fortune Comes From Not Paying Taxes - OtherWordsTrillionaires are creatures of the tax code. If they paid taxes like working people, we wouldn’t have any.otherwords.orgMetro San Francisco median home prices have jumped from $625,000 in 2012 to over $1.7 million this past spring. Just another example of how windfalls at the top of the income ladder end up distorting housing costs for everyone. #inequality www.mansionglobal.com/articles/ai-...
AI Powerhouses Have Driven San Francisco’s Home Prices Into the StratosphereThe typical Bay Area home now costs about $1 million more than it did at its Great Financial Crisis bottomwww.mansionglobal.comTop corporate execs are lusting after the cost savings AI could provide. Now comes an unwelcome answer to their dreams: OverpAId, a parody project that offers an AI-powered replacement for your company’s CEO. #CEOpay futurism.com/artificial-i...
New Site Threatens to Replace CEOs With AI for Tiny Fraction of Their Bloated SalariesA new site called OverpAId threatens to unleash AI on the money-hungry CEOs currently trying to automate away the working class.futurism.comThe AI bubble is making a few lucky souls incredibly rich. It’s also making San Francisco incredibly expensive. The city’s typical home now costs $1.7 million, up from $625,000 in 2012. #inequality #billionaires www.mansionglobal.com/articles/ai-...
AI Powerhouses Have Driven San Francisco’s Home Prices Into the StratosphereThe typical Bay Area home now costs about $1 million more than it did at its Great Financial Crisis bottomwww.mansionglobal.comTrump on #baseball: “I know all the owners. They’re all friends of mine.” Maybe that explains why he backs the owner demand for a cap on player salaries but opposes any limit on #CEOpay. #inequality @theathletic.com www.nytimes.com/athletic/746...
Trump praises Braves, jabs Mets at event with former Atlanta manager Brian SnitkerSpeaking at an event in Marietta, Ga., President Donald Trump was joined onstage by the former Braves manager.www.nytimes.comHard to imagine that back in the 1960s US corporate CEOs only annually pocketed 20x what their average workers made. Today that gap between CEO and worker pay routinely runs 20x that 20-to-1 ratio. #inequality www.youtube.com/shorts/egfrr...
The Secret Behind Massive CEO Pay (And What We Can Do About It)YouTube video by Robert Reichwww.youtube.comWall Street’s top exec, Jamie Dimon, is now recognizing #inequality as a problem that has people “kind of annoyed.” But “all those slogans about how the rich have caused” inequality, he says, “not true.” Dimon’s net worth: $3.1 billion. www.thestreet.com/markets/jpmo...
JPMorgan CEO issues warning about wealth disparityJamie Dimon got political in a recent interview.www.thestreet.com“The soaring stock market has been a colossal payday for a small handful of Americans. Half of the stock market is owned by the top 1% wealthiest Americans, while the bottom 50% owns just 1% of the market.” #inequality www.theguardian.com/business/202...
Two in five Americans believe stock market only serves the top 1%Exclusive Harris poll for Guardian reveals Americans’ assumptions about stock market and wider economywww.theguardian.comDeployed correctly, AI “could enable shorter hours, higher wages, and broad prosperity, the way previous technological shifts eventually did.” The reason that’s not happening: “our failure to keep wealth distribution in check.” @newrepublic.com
Who Should Own the Robots?AI’s displacement of workers will make it even harder to organize labor—and all the more necessary.newrepublic.comThe ratio between UK median CEO and worker pay ratio rose to 130:1 in 2025/26. The US CEO-worker pay ratio annually runs over twice that wide. www.epi.org/publication/... highpaycentre.org/gap-between-...
Gap between the pay of FTSE 100 CEOs and UK workers the widest for 8 years - High Pay CentreThe High Pay Centre's annual review of CEO pay in the FTSE 100 shows the Median FTSE 100 CEO to median UK worker pay ratio rose to 130:1 in 2025/26, the highest for 8 years and up from 124:1 last year...highpaycentre.org“Whenever the federal government raises taxes on the wealthy, opponents claim that the economy will tank. They are usually wrong.” NY Times editorial board #inequality www.nytimes.com/2026/07/20/o...
Opinion | The Second Home Tax Is a Win for New YorkThe recent debate over the new pied-à-terre tax in the city offers a useful case study.www.nytimes.comAh, the common touch! Billionaire Tilman Fertitta, Trump’s US ambassador to Italy, certainly has it. To mark the USA’s 250th year, Fertitta is touring Italy’s coastal cities on his 384-ft private yacht. Read one of many protest signs in Venice: “No space for billionaires.”
Billionaire US envoy faces Venice protests amid yacht tourHundreds protested the arrival of billionaire and Trump-appointed US Ambassador Tilman Fertitta in Venice. The ambassador's stop — on his personal yacht — is part of a tour marking 250 years of…www.dw.comBillionaires living in Calif as of Jan 1, 2026 will face a 5% levy on their fortunes if voters pass the wealth tax on the state ballot this November. Some billionaires faked a flee from the state right before Jan 1. But the state stands poised to have the last laugh. www.afr.com/world/north-...
Billionaires fleeing California wealth tax risk strict residency auditThe Golden State has a history of aggressively pursuing rich individuals who claim to have relocated to low-tax jurisdictions.www.afr.com