Resource Generation: rich kids who are determined to give away their parents' money and make America more fair and equal

Resource Generation is an organization of young people who inherited enough to be in the top decile of America's wealth distribution, who are determined to give away those inheritances in ways that redistribute wealth and make the country more fair and equal. Their mission: "As part of a coordinated strategy to systematically redistribute wealth and repair the harm created by wealth extraction, RG asks our members to take bold action with the resources currently under our and our families’ control, moving toward greater alignment with humanity and the planet.”" Read the rest

Reverse mortgages: subprime's "stealth aftershock" that is costing elderly African-Americans their family homes

Reverse mortgages -- complex home loans -- are aggressively marketed to elderly people, especially in African-American neighborhoods, using deceptive tactics that offer false promised to "eliminate monthly payments permanently" with "a risk-free way of being able to access home equity." Read the rest

1% of England owns half of England

Guy Shrubsole is the author of Who Owns England? a forthcoming book that reports out a paintstaking researched data-set laying out, for the first time, a comprehensive view of the land ownership in England, finding that half of the country is owned by 1% of its people: a mere 25,000 aristocrats, oligarchs and corporations. Read the rest

America's new aristocracy: the 9.9% and their delusion of hereditary meritocracy

It's true that the 1% have accumulated a massive share of America's national wealth; but just as significant is the cohort of professionals -- "well-behaved, flannel-suited crowd of lawyers, doctors, dentists, mid-level investment bankers, M.B.A.s with opaque job titles, and assorted other professionals" -- who style themselves as the "meritocratic middle class" but who actually represent the top decile of American wealth, with net worths from $1.2m to $10m. Read the rest