According to government figures, 1-percenters' share of America's total income is the highest it's been since 1929, and their tax rates are the lowest they've faced in two decades. Through bonuses, many 1-percenters will profit from the $23 trillion in bailout largesse the Treasury Department now says could be headed to financial firms. And most of them benefit from IRS decisions to reduce millionaire audits and collect zero taxes from the majority of major corporations.
But what really makes the ultra-wealthy so fortunate, what truly separates this moment from a run-of-the-mill Gilded Age, is the unprecedented protection the 1-percenters have bought for themselves on the most pressing issues.
The rich have never had it so good
In the bowels of the US Federal Reserve this summer, two of the world’s most powerful...
The food pantry at Penn State Harrisburg saw an uptick in students during the fall semester....
Bank of America CEO Brian Moynihan says the headlines about Gen Z’s fears about AI and...
