Moral Outrage
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Posts Tagged ‘rich

How Wealth Reduces Compassion

April 22, 2012

Who is more likely to lie, cheat, and steal—the poor person or the rich one? It’s tempting to think that the wealthier you are, the more likely you are to act fairly. After all, if you already have enough for yourself, it’s easier to think about what others may need. But research suggests the opposite […]

Income for top 1 percent skyrockets by 275 percent!

October 26, 2011

The Occupy Wall Street movement has made inequality a key focus of its protests, and has used the slogan, “We are the 99 percent.” We already know that the gap between rich and poor has been widening lately. But some new numbers from the Congressional Budget Office put the issue into stark relief. As the […]

Seven Big Economic Lies

October 12, 2011

These seven economic whoppers are just plain wrong. 1. Tax cuts for the rich trickle down to everyone else. Baloney. Ronald Reagan and George W. Bush both sliced taxes on the rich and what happened? Most Americans’ wages (measured by the real median wage) began flattening under Reagan and have dropped since George W. Bush. […]

The Destruction of the American Middle Class

September 15, 2011

The single biggest issue facing the United States is the destruction of the American middle class. American society is bifurcating, squeezing the middle class out of existence. The ranks of the poor and low-income earners are growing and the rich are doing just fine – and no one is talking about it, much less doing […]

Warren Buffet on tax breaks for the rich

August 25, 2011

Billionaire investor Warren Buffett, saying he doesn’t want to be “coddled” by Congress, says that wealthier Americans should pay higher taxes, and that higher taxes do not dampen job growth. Buffett, chief executive of Berkshire Hathaway, wrote in an op-ed piece in The New York Times that taxes should be raised on Americans who make […]

Add your signature for higher taxes on the rich

August 22, 2011

Warren Buffett has as simple message for Congress: Stop coddling the super-rich. I’m standing with Warren for higher taxes on the rich. MoveOn will deliver Buffett’s op-ed, along with all the signatures, to Congress soon and is aiming to get 350,000 Americans signed on first. Will join hundreds of thousands of other Americans calling for […]

Wealth and the ideology of self interest

August 14, 2011

Psychologist and social scientist Dacher Keltner says the life experience of the rich makes them less empathetic, less altruistic, and generally more selfish. In fact, he says, the philosophical battle over economics, taxes, debt ceilings and defaults that are now roiling the stock market is partly rooted in an upper class “ideology of self-interest.” Keltner […]

The gap between the rich and the middle class and the poor

December 28, 2010

The richest 1% of U.S. households had a net worth 225 times greater than that of the average American household in 2009, according to analysis conducted by the Economic Policy Institute. That’s up from the previous record of 190 times greater, which was set in 2004. Meanwhile, the average family’s net worth plunged 41% from […]

The U.S. Experiencing the Perfect Economic Storm

November 8, 2010

Robert Reich, former labor secretary during the Clinton administration, writes that the country is being threatened by what he calls a “perfect storm.” The wind is blowing from three directions: The rich keep getting richer, with the top 0.1 percent of income earners making more money than the 120 million people at the bottom of […]

Collective compassion being abandoned in the US

October 9, 2010

America today presents the paradox of a rich country falling apart because of the collapse of its core values. Income inequality is at historic highs, but the rich claim they have no responsibility to the rest of society. They refuse to come to the aid of the destitute, and defend tax cuts at every opportunity. […]