CHUCK COLLINS, co-editor, Inequality.org, THE WEALTH HOARDERS: How Billionaires Pay Millions to Hide TrillionsWritten on May 27th, 2021
A couple of weeks ago Americans filed their income taxes. Well, some of them did anyway. In the last decade, the United States has become the premiere global destination for hidden wealth. It is now the world’s second largest tax haven, moving ahead of Switzerland, and trailing only the Cayman Islands. I dig into this with CHUCK COLLINS, who directs the Program on Inequality and the Common Good at the Institute for Policy Studies and co-edits Inequality.org. We talk about his latest book, THE WEALTH HOARDERS: How Billionaires Pay Millions to Hide Trillions. You can learn more at inequality.org
Inequality is getting worse. Most of us know that the Covid-19 pandemic has devastated the US economy. Between March 18 and June 25, over 46 million people filed for unemployment. In that same period, however, U.S. billionaire wealth surged over $600 billion. At least eight billionaires have seen their wealth grow by more than $1 billion this year. I talk about this with CHUCK COLLINS, who directs the Program on Inequality and the Common Good at the Institute for Policy Studies and co-edits Inequality.org. His books include 99 TO 1: How Wealth Inequality is Wrecking the World and What We Can Do About It; and BORN ON THIRD BASE.
Q&A: RICHARD WILKINSON & KATE PICKETT, Authors – The Spirit Level: Why More Equal Societies Almost Always Do BetterWritten on March 2nd, 2014
Originally Aired: 01/31/10
RICHARD WILKINSON & KATE PICKETT authors of an important new book: The Spirit Level: Why More Equal Societies Almost Always Do Better
In the UK, the Guardian says The Spirit Level “might be the most important book of the year, and The New Statesman named it one of the top ten books of the past decade.
Based on thirty years’ research, The Spirit Level shows that unequal societies are bad for the well-off as well as the poor, when it comes to health and social problems, child well being, life expectancy, infant mortality, obesity, educational scores, drop out rates, illegal drug use, mental illness, homicide, incarceration, CO2 emissions, recycling, social mobility, innovation, and levels of trust.
The good news: If all these ills are related to one measure – income inequality, then, decreasing inequality should be the central goal of our politics because we can be confident that it works.
RICHARD WILKINSON has played a leading role in international research on inequality. He studied economic history at the London School of Economics before training in epidemiology, and is Professor Emeritus at the University of Nottingham Medical School and Honorary Professor at University College London.
KATE PICKETT is a senior lecturer at the University of York and a National Institute for Health Research Career Scientist. She studied physical anthropology at Cambridge, nutritional sciences at Cornell and epidemiology at Berkeley before spending four years as an Assistant Professor at the University of Chicago.
For over thirty years, you and I have lived through a radical redistribution of wealth — upward, to a tiny fraction of the population — as though we’re part of a bizarre experiment to see how much inequality a democratic society can tolerate. Finally this past year, as a result of the Great Recession that burst the mortgage/refi/credit card bubble that had allowed too many of us to deny reality, people have woken up and “We are the 99%,” the rallying cry of the Occupy movement, has spread far and wide.
CHUCK COLLINS has been on the case since at least 1995, when he co-founded United for a Fair Economy to raise the profile of the inequality issue and support efforts to address it. In fact, when he did so, he was one of my first guests on this show and we talked then about the same issues we will talk about today.
Chuck’s new book, 99 to 1: How Wealth Inequality is Wrecking the World and What We Can Do About It, paints a picture of how disparities in wealth and power play out in America and the world, and identifies the shifts in social values, political power, and economic policy that have led to our current era of extreme inequality. He lays out the destructive cost of inequality on virtually every aspect of society.
But Collins believes there’s hope and offers proposals for closing the gap, and a guide to many of the groups working toward a society that works for everybody.
Politics and the media have for the most part shown themselves impotent, indifferent, or in cahoots when it comes to confronting and rolling back the takeover of the United States by the super-rich and the super-corporations.
Since the days of Clinton, we’ve been reminding ourselves of the words of FDR to progressives pressing for the New Deal — “Make me do it.” Envying the attention and power granted the tea party. Millions march all over Europe in response to austerity measures that make the people pay for the failures of the financial class. Millions march in the Arab Awakening when hunger, poverty, corruption, and autocracy prove too much to bear and social media connects and informs the people like never before. When will Americans take to the streets?
September 17th, a small group of demonstrators camped out in a downtown New York park and Occupy Wall Street was born. Occupy Los Angeles emerged a week ago, October 1st. Both are alive and well. As of Saturday the Occupy movement has spread to 1,016 cities in the US and abroad. There has been carping in the mainstream media about the movement’s lack of focus, lack of clear message, lack of specific platform or demands. The closest thing to a brand for the movement so far is the claim that, “We are the 99%”. I think this is a wonderful opening. It’s based on cold hard facts. It is inclusive. Even a tea partier knows they are part of the 99%. Inequality is problem #1 in this country. from which all else follows, including a corrupted political system that is not able to meet the challenges we face.
I don’t think anyone knows where this goes…At some level a lot of us have grown so resigned to the dominance of money in our society that I’m not sure too many have a plan how to get from here to where we need to get.
I think we each also have to invent the role we are going to play as this story unfolds.
I’ll be joined by representatives for both Occupy Wall Street — NELINI STAMP (Working Families Party) and MELANIE BUTLER (Code Pink) — and Occupy Los Angeles — LISA CLAPIER (media, Occupy LA) and SHARIF ABDULLAH (Commonway.org). I plan to ask them to tell their individual stories, report what’s happening around them and what they think it means.