Sam Pizzigati

Articles by this author

We have no sign that the luck of that top 0.01 percent will be turning anytime soon. (Photo: Philipp/cc/flickr) Views
Wednesday, September 05, 2018
How to Recognize a Plutocracy: The Dead Giveaway
How can we tell when a democracy, or rule by the people, evolves into a plutocracy, the reign of the rich? Easy. We have a democracy when a political system can and does make a good-faith effort to address the problems average people face. In a plutocracy, on the other hand, the political system...
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Saturday, September 01, 2018
Taxpayers Are Footing the Bill for Sky-High CEO Salaries
Politicians often gab about the “private sector” and the “public sector,” as if these two categories of economic activity operated as two completely separate worlds. In reality, these two sectors have always been deeply intertwined. "Without the tax dollars we provide, almost every major...
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Sunday, August 19, 2018
The Market Made Them Do It
Back in 1999, near the dizzying height of the dot.com boom, no executive in Corporate America personified the soaring pay packages of America’s CEOs more than Jack Welch, the chief exec at General Electric. Welch took home $75 million that year. What explained the enormity of that compensation?...
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"Fiscally squeezed state and local governments simply began reneging on their pension responsibilities." (Photo: Bill Fugliano/Getty) Views
Friday, July 27, 2018
Creating Pension Plan Chaos for Teachers, Firefighters, and Cops
Single butterfly flapping its wings, chaos theory tells us, can wreak social havoc. Those flaps could alter the course of a tornado two weeks later. A big deal if your home happens to be in that tornado’s new course. Now if a single butterfly could wreak such havoc, imagine the damage a few flaps...
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"Within that top 20 percent, well over half the benefits have gone to the top 5 percent, and over half those top 5 percent benefits have gone to the top 1 percent." (Photo: Fight Back! News/Kim DeFranco) Views
Monday, July 16, 2018
A Sweet New Century for America’s Most Privileged
The United States ended the 20th century on a roll — for the rich. Between 1973 and 2000, the nation’s most prosperous 1 percent tripled their incomes, after taking inflation into account. The even more prosperous top tenth of that 1 percent did quite a bit better. Their incomes more than...
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"Disclosing data on the gaps between corporate execs and what they pay their typical workers will help us become more civilized." (Photo: Dean Chahim/flickr/cc) Views
Monday, July 02, 2018
Income Distribution For Minimum Decency, a Maximum Wage
In the United States today, a just-released Federal Reserve report informs us , over a fifth of the nation’s families simply cannot afford to “pay all of their current month’s bills in full.” Over a quarter of families, the report goes on, skip “necessary medical care” because they can’t afford the...
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Sunday, June 10, 2018
Wage Theft: To Fight the Crime, Attack the Motive
The American economy rests ultimately on trust, a mutual understanding between employers and employees that each side, in the end, will behave honorably. A fair day’s wage, as the classic formulation puts it, for a fair day’s work. "These corporate pillars are committing their thievery on many...
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"Income and wealth have concentrated to a degree unimaginable in the early 1990s."(Photo: Steve Rhodes/flickr/cc) Views
Monday, June 04, 2018
For Minimum Decency, A Maximum Wage
In the United States today, a just-released Federal Reserve report informs us , over a fifth of the nation’s families simply cannot afford to “pay all of their current month’s bills in full.” Over a quarter of families, the report goes on, skip “necessary medical care” because they can’t afford the...
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U.S. CEOs average over quadruple the global major corporate CEO average, with $14.25 million in annual pay and a 401 index value. (Photo: Rob Hyrons/Shutterstock) Views
Wednesday, May 30, 2018
U.S. CEOs Are World’s Best – For Themselves
No single statistic, in isolation, tells us particularly much. Numbers only gain real meaning when we compare them. Take, for instance, the figure for the increase in CEO pay last year at major American corporations. A statistic for this increase — 6.4 percent — appears in the just-released 2018...
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 "In 1980, the year Ronald Reagan won the White House, America’s most affluent still faced a 70 percent tax on their top-bracket income." (Photo: Fight Back! News/Kim DeFranco) Views
Tuesday, April 17, 2018
Why Should We Tax the Rich?
The orthodoxy that dominates today’s Republican Party — and the ranks of “business-friendly” Democrats — rests on a simple approach to economic policy. Let’s be nice, this orthodoxy holds, to rich people. Let’s be particularly nice at tax time. Let’s keep taxes on rich people, conservatives advise...
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