wealth inequality

Ohio among worst states for enabling billionaires and making inequality worse, think tank reports

BY: - October 11, 2022

By loosening trust laws for more than 20 years, Ohio has established itself as an “emerging enabler” of billionaires and wealth inequality, a new report from Washington think tank The Institute for Policy Studies says. The report ranks Ohio as tied for 7th worst in the nation for enabling billionaires and exacerbating inequality. “Billionaire wealth […]

COMMENTARY

Economic inequality keeps getting worse, along with America’s toxic, corrupt politics

BY: - September 29, 2022

The most reliable economic fact for nearly 50 years is that American wealth and income inequality continues to explode. Alongside that we’ve seen rampant corruption and the toxic debasement of our politics. Meanwhile, hard-working Ohio and American families continue to suffer enormous hardship from poverty wages; childhood and family hunger; limited access to basic personal […]

COMMENTARY

Ohio politicians push regressive tax system while shedding crocodile tears over inflation

BY: - June 16, 2022

Inflation hurts the people who make the least money the most, as do supply-side, regressive tax systems. So the wailing over inflation by wealthy politicians refusing to help hungry families and burdening them with regressive taxes while giving hand-outs to the rich, rings pretty hollow. Inflation squeezes working and middle class families because money doesn’t […]

How the Trump tax law created a loophole that lets top executives net millions

BY: - August 24, 2021

By Robert Faturechi and Justin Elliott, Pro Publica This story was originally published by ProPublica. In the months after President Donald Trump signed the Tax Cuts and Jobs Act in December 2017, some tax professionals grew giddy as they discovered opportunities for their clients inside a law that already slashed rates for corporations and wealthy […]

COMMENTARY

Let’s celebrate working people by unrigging the economy

BY: and - September 7, 2020

This Labor Day will be different. If they happen at all, most parades and cookouts will be smaller and socially distanced. One way we’ll celebrate, though, is by reflecting on the incredible acts of selflessness and generosity performed by Ohio’s working people during this pandemic — from the ICU nurse in Cleveland tending to a […]

COMMENTARY

The world on a billionaire’s budget

BY: - July 30, 2020

The world’s wealthiest are prospering. As of February 2017, there were about 2,000 billionaires in the world. This micro-elite controls over US$7.6 trillion, an increase of 18% from 2016. A billionaire’s spending power is difficult to grasp, both because most people do not correctly intuit large numbers, and because a billion dollars far outstrips most […]

COMMENTARY

Money buys even more happiness than it used to

BY: - July 15, 2020

Many factors determine happiness, but one has stirred considerable controversy over the years: money. While the old adage says that money can’t buy happiness, several studies have determined that the more your income increases, the happier you are, up until US$75,000 a year. After hitting that threshold, more income doesn’t make a difference. But in […]