Forget the one percent, it's the 0.1% who run the show

Thurston_Howell_III

The wealthiest one out of 1,000 US families -- the 0.1 percent -- comprise about 115,000 households whose net worth starts at $20M, and goes up and up from there, accounting for at least as much wealth as the poorest 90 percent of US households. Read the rest

America's wealth gap has created an ever-increasing longevity gap

4350074_f4f17e6f

In The Association Between Income and Life Expectancy in the United States, 2001-2014, published in the Journal of the American Medical Association, economists from Stanford, MIT and Harvard analyzed 1.4 million US tax records to see how income correlated with lifespan. Read the rest

Before 1988 Olympics, South Korea sent 'vagrants' to camps where rape and murder were routine

460x

In the runup to the 1988 Olympics, the South Korean government ordered Seoul's "vagrants" to be cleared from the street. Thousands of people, many of them small children, were sent to a "welfare facility" called "Brothers Home," where they were subject to vicious, often fatal beatings and routine rape. The order to round up the vagrants came from then-President Park Chung-hee (father of current President Park Geun-hye) whose successor, President Chun Doo-hwan, suppressed any investigation into the atrocities. Read the rest

Podcast explains the corrosive effects of tax havens

City_of_London_skyline

Nicholas Shaxon, author of Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens (previously) appeared on The Foreign Desk podcast (MP3) this week to discuss the nature of tax havens, how they hollow out both their host countries and the countries whence their hidden riches comes. Read the rest

No, tax-havens aren't good for society (duh)

Goldkey_logo_removed

As the Panama Papers story unfolds and we learn more about the systematic world-scale corruption of offshore tax-havens, the usual suspects have mounted a charm-offensive top defend anonymous offshore bank accounts as critical to democracy and a check against the rise of fascism (no, really). Read the rest

Heads of UK's tax havens to Her Majesty's Government: go fuck yourself

056c026d-1c66-4d42-9fae-a8e96df290c5-1020x1036

When the premiers of the British Virgin Islands and the Cayman Islands (British Overseas Territories that are notorious tax-havens) visited the UK last year, Tory government ministers sent formal letters asking for meetings with them to discuss tax evasion. The premiers never answered the letters. Read the rest

George Clooney's neighbor threw a $27/plate Sanders fundraiser to counter Clooney's $33K/head Hillary event

056c026d-1c66-4d42-9fae-a8e96df290c5-1020x1035

99 Cents Only store magnate Howard Gold lives next to George Clooney. On Saturday night, both of them threw political fundraisers for would-be 2016 Democratic presidential candidate. Read the rest

What is neoliberalism?

056c026d-1c66-4d42-9fae-a8e96df290c5-1020x1034

As recently as a couple years ago, using the word "neoliberalism" here on Boing Boing would inevitably provoke an outraged comment from someone who wanted to know why we were "liberal-bashing." Though the term was a little more widely used in Europe than in the USA, it still pretty obscure there. That obscurity is the ideology's strength. Read the rest

High tech/high debt: the feudal future of technology makes us all into lesser lessors

20subprime-blog480

Sarah Jeong continues her excellent series of critical perspectives on technology with a piece on the way that technology is being used to let computers control their users, on behalf of the corporations who make and sell these tools. Read the rest

Bernie Sanders responds to CEOs of Verizon and GE: "I welcome their contempt"

hate

Bernie Sanders denounced the CEO of GE for the company's tax-dodging practices and the CEO of Verizon for doing the same and exploiting its workers, 40,000 of whom are out on strike. Read the rest

Hammock-headrest, with blinders, for aviation

flight-pillow-1024x683

Dutch designer Manon Kühne won a Crystal Cabin Award for her "Headrest," which was her Delft University of Technology thesis project, created with Zodiac Aerospace’s Human Factors and Ergonomics Lab. Read the rest

The Divide: important new documentary about income inequality based on "The Spirit Level"

animation

Kate Pickett and Richard Wilkinson's 2011 book The Spirit Level: Why Greater Equality Makes Societies Stronger was an instant classic for the way it described the impact of wealth inequality on the lives of both poor and rich people, driving them both to completely unsustainable working lives that destroyed their families and made them deeply unhappy. Read the rest

How corporate America's lobbying budget surpassed the combined Senate and Congress budget

scroogecash

For more than a decade, corporate America's lobbying budget has exceeded the entire budget for the operation of both houses of Congress, and this year's lobbying spend ($2.6B) is the largest in history, with no end in sight. Read the rest

Jeremy Corbyn overpays his taxes

21279965980_48f78003bc_b

The Sun, a Murdoch-owned UK tabloid, accused the socialist Labour leader Jeremy Corbyn (previously) of dodging his fair share of taxes, claiming he understated his income from speeches by £450. After closer examination, it transpired that Corbyn overstated his earnings by £270 and paid tax on the full amount. Read the rest

Lady Liberty arrested at US Capitol with 400 others protesting money in politics

arrest

Journalist Alejandro Alvarez took this striking photo of a campaign finance reform activist being arrested at a Democracy Spring demonstration at the US Capitol yesterday.

Read the rest

Walmart heiress donated $378,400 to Hillary Clinton campaign and PACs

056c026d-1c66-4d42-9fae-a8e96df290c5-1020x1032

Alice Walton, heiress to the Walmart fortune, donated $353,400 to Hillary Clinton's "Victory Fund" and another $25,000 to the Ready for Hillary PAC. Read the rest

Mass arrests at DC protest over money in politics

056c026d-1c66-4d42-9fae-a8e96df290c5-1020x1030

At least 400 people were arrested at a Democracy Spring demonstration at the US Capitol yesterday. The protesters were calling for controls on the influence of big money over politics. Read the rest

More posts