Sam Pizzigati

Articles by this author

 Bloomberg is currently sitting on a personal fortune worth $52 billion. He could easily afford to invest $6.3 billion in a presidential campaign—or even less on a primary. (Photo: Gage Skidmore/flickr/cc) Views
Wednesday, November 27, 2019
For Billionaire Bloomberg, Trying to Buy the Presidency Is Just a Sound Investment
Gracie Mansion, the official residence of New York’s mayors since 1942, hosted billionaire Michael Bloomberg for three terms. The first of these terms began after Bloomberg, then the Republican candidate for mayor, spent an incredible $74 million to get himself elected in 2001. He spent, in effect...
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Sunday, November 10, 2019
Inequality and the Iron Law of Decaying Public Services
Fires are raging everywhere in California these days, and firefighters are having enormous trouble keeping up. Chronically understaffed local fire departments simply don’t have the resources to handle act one of what climate change has in store for us. California’s wealthy aren’t particularly...
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William the Conqueror pillaged and plundered to become one of the 20 wealthiest human beings in history. In modern times, bonus-chasing CEOs have followed suit. (Photo: Wikimedia Commons) Views
Tuesday, November 05, 2019
William the Conqueror and CEO pay
The next time you go to the movies, remember the Norman conquest of 1066. That’s when William the Conqueror crossed over the English Channel from Normandy and defeated the last Anglo-Saxon king, changing the course of world history. Back then, the feudal system was in full swing, with medieval...
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The more unequal a society becomes, the less healthy the society. (Photo: Shutterstock) Views
Wednesday, October 09, 2019
Inequality Is Literally Killing Us
What do the folks at the U.S. Census Bureau do between the census they run every 10 years? All sorts of annual surveys, on everything from housing costs to retail sales. The most depressing of these — at least this century — may be the sampling that looks at the incomes average Americans are...
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Toronto, Canada (Photo: Shutterstock) Views
Tuesday, August 27, 2019
Make America… More Like Canada
We Americans tend not to pay much attention to our northern neighbors. Often, entire election cycles can come and go without anyone running for national office saying anything about Canada. But that’s changing. Canada now looms much larger in our politics, mainly because Canadians enjoy a health...
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Saturday, August 03, 2019
Can Inequality Be Hardwired into Our DNA?
Remember the college admissions scandal? Earlier this year we learned that awesomely affluent parents have been spending small fortunes on scams to get their undeserving teenage offspring into America’s most elite colleges and universities. This admissions scandal crept back into the news cycle...
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In West Africa, the African continent’s most unequal region, the richest 1 percent hold more net worth than the entire bottom 99 percent. (Photo credit should read FATI ABUBAKAR/AFP/Getty Images) Views
Tuesday, July 30, 2019
A Lesson from West Africa, a Global Inequality Ground Zero
Should we care how much wealth our wealthiest are grabbing? The flacks who seek deep-pocket favor have a ready response. Of course not, they tell us. Kvetching about the wealth of the wealthy just distracts us from the more important work we all ought to be doing—like growing our economic pie and...
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Sunday, July 21, 2019
A Tale of Two Druglords
Last week didn’t go so well for the Mexican druglord Joaquín Guzmán Loera. A federal district court sentenced the notorious “El Chapo” to life in prison. The 62-year-old will almost certainly, notes the New York Times , be “spending the rest of his life behind bars.” El Chapo certainly deserves his...
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Moves like a wealth tax, the authors stress, will only succeed if we also take on the challenge of stopping the super rich from shifting assets offshore to evade their U.S. tax liability. (Image: Offshore Shell Games) Views
Tuesday, June 18, 2019
How The Super-Rich Avoid Paying Their Share
We have a great deal of statistical data, in America today, about the economic circumstances of Americans who live in poverty. We know far less, by contrast, about Americans who live amid great wealth. And much of what we do know, suggests a revealing new study, turns out to be wrong. America’s...
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Saturday, May 11, 2019
Netizens of the World, Unite!
Step into the world of the awesomely affluent and you’ll find plenty of super rich with a simple explanation for their good fortune. I’m creating wealth, the claim typically goes, with the brilliantly “disruptive” new product or service I’ve invented. Our high-tech rich have always seemed...
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