Methodist University Hospital in Memphis is a nonprofit: it pays virtually no local, state or federal tax; but unlike other Methodist hospitals, Methodist University Hospital is relentless in pursuing medical debts from indigent patients. The hospital owns its own collection agency, and is one of the leading litigants in Tennessee's debt courts. Read the rest

18 of the richest people in America have sent a letter to all the candidates for the 2020 Democratic presidential nomination, demanding that their election platform include a annual wealth tax on the largest American fortunes, something advocated by economist Thomas Piketty in his blockbuster book Capital in the 21st Century and subsequently integrated into Elizabeth Warren's campaign platform (with Piketty's endorsement). Read the rest

When Elizabeth Warren proposed a Thomas Piketty-style wealth tax (2% annually on family fortunes over $50m, 1% more on fortunes over $1b), she ballparked the returns at $1.9-2.75t over the first ten years. Read the rest

Regular readers will know Richard Kadrey (previously) from his bestselling Sandman Slim series, but as much as I love those books, I think I love his latest, "The Grand Dark" -- a noir/dieselpunk novel set in a fictionalized weimar city in a brief, hectic interwar period -- even more. Read the rest

A new study from the United Way claims that 43% of American households are in a status called "asset limited, income constrained, employed" (ALICE), which denotes employed people who can't afford housing, food, childcare, healthcare, transportation, and a cellphone -- the basics of modern living. Read the rest

Responding to Professor Sir Angus Deaton’s report into the causes of inequality, economics writer Chris Dillow provides an excellent list of eight ways in which unequal societies sacrifice overall economic growth and national prosperity to preserve the fortunes of their elites. Read the rest

The New York Times has inaugurated its "Op-Eds From the Future" ("science fiction authors, futurists, philosophers and scientists write op-eds that they imagine we might read 10, 20 or even 100 years in the future") with a piece from Ted Chiang (previously) that imagines a future in which genetic engineering of human embryos is commonplace, leading to a well-intentioned attempt at preventing literal speciation into the haves and have-nots by subsidizing "intelligence boosting" genetic manipulation for lower-income families. Read the rest

Trump likes to boast about economic growth, and while many have pointed out that many of the policies that produced the rosy figures are leftovers from Obama's policies, it's also important to note that the "growth" is highly localized, with aggregated national figures hiding the incredible economic desperation in the poorest parts of America. Read the rest

There's a wealth of psychological research that correlates wealthy people in the real world with negative traits like rudeness (people driving fancier cars are less considerate of pedestrians and their likelihood of cutting off another driver is correlated to the cost of the driver's car); greed (rich people take more candies out of dishes set aside for kids than poor people); generalized unethical behavior; cheating at games of chance; and overall stinginess. Read the rest

The British empire was a globe-spanning criminal enterprise that produced vast riches for England (and, to a lesser extent, Scotland and Wales) by stealing the lands of others while slaughtering and enslaving them; today the empire is in decline and the UK is no longer reliant on direct looting. Read the rest

Bloomberg's Ben Steverman offers a long and exciting profile of Gabriel Zucman (previously), a protege of Thomas Piketty (Zucman was one of the researchers on Piketty's blockbuster Capital in the 21st Century) who has gone on to a career at UC Berkeley, where he's done incredibly innovative blockbuster work of his own, particularly on estimating the true scale of the wealth gap in the USA and worldwide. Read the rest

Thanks to the college admissions scandal the issue of inequality and access to postsecondary education is now in our national conversation, but despite the glitz of the bribery scandal, the real issue is a much more mundane form of reverse affirmative action that allows wealthy Americans to dominate college admissions, muscling out better candidates from poorer backgrounds, especially Black students. Read the rest

The Notre Dame fire is a global tragedy, and it's also raising complicated questions about our present moment, including trenchant inquiries into which church fires merit global outpourings and whose sacred sites get mourned when they are destroyed. Read the rest

The book Detective Comics: 80 Years of Batman commemorates the 1000th issue of Batman comics; my contribution is an essay called Occupy Gotham, about the terror of letting a billionaire vigilante decide who is and isn't a criminal (featuring Lessig and Piketty jokes!). Read the rest

In 2009, the IRS created a Global High Wealth Industry Group to audit the super-wealthy, staffing it with skilled lawyers and accountants who could unravel the webs of "trusts, foundations, limited liability companies, complex partnerships and overseas operations" that were used to hide the income of the super-rich from the tax-collector. Read the rest

I've got a couple of hometown appearances coming up, including a rare west-side event: on Sunday, April 7 at 4PM, I'll be at Burbank's Dark Delicacies for a final signing in their old store before they occupy their new digs around the corner, and then I'm taking off my writer hat and putting on my activist hat to do two more events in the area. Read the rest

Henley Homes got permission to build a 149-home development on the site of the Baylis Old School complex on Lollard Street by promising to include some subsidised, below-market-rent units and "a network of courtyards and open spaces ... which will provide attractive areas for informal play. This will emphasise the sense of community within the scheme stressing that the common areas are there for the use of all the residents." Read the rest