tsuomela + rich   25

Rich people rule!
"A forthcoming article in Perspectives on Politics by (my former colleague) Martin Gilens and (my sometime collaborator) Benjamin Page marks a notable step in that process. Drawing on the same extensive evidence employed by Gilens in his landmark book “Affluence and Influence,” Gilens and Page analyze 1,779 policy outcomes over a period of more than 20 years. They conclude that “economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while mass-based interest groups and average citizens have little or no independent influence.”"
politics  rich  money  policy  political-science  oligarchy 
april 2014 by tsuomela
opinionator.blogs.nytimes.com
"A growing body of recent research shows that people with the most social power pay scant attention to those with little such power. This tuning out has been observed, for instance, with strangers in a mere five-minute get-acquainted session, where the more powerful person shows fewer signals of paying attention, like nodding or laughing. Higher-status people are also more likely to express disregard, through facial expressions, and are more likely to take over the conversation and interrupt or look past the other speaker."
psychology  wealth  power  class  rich  social-psychology  empathy 
october 2013 by tsuomela
Revolt of the Rich | The American Conservative
"Our plutocracy now lives like the British in colonial India: in the place and ruling it, but not of it. If one can afford private security, public safety is of no concern
rich  revolution  plutocracy  power  politics  conservative  markets-uber-alles  criticism  from delicious
august 2012 by tsuomela
The Rise of the New Global Elite - Magazine - The Atlantic
"It is perhaps telling that Blankfein is the son of a Brooklyn postal worker and that Hayward—despite his U.S. caricature as an upper-class English twit—got his start at BP as a rig geologist in the North Sea. They are both, in other words, working-class boys made good. And while you might imagine that such backgrounds would make plutocrats especially sympathetic to those who are struggling, the opposite is often true. For the super-elite, a sense of meritocratic achievement can inspire high self-regard, and that self-regard—especially when compounded by their isolation among like-minded peers—can lead to obliviousness and indifference to the suffering of others. "
economics  elites  wealth  rich  class  capitalism  business  world  glocalism  globalization  global  power  philanthropy 
january 2011 by tsuomela
Comforting the Comfortable Part Two, or Sullivan’s Follies Redux « The Inverse Square Blog
This has gone on long enough.  You can go on down the list and look for other examples yourself: the medicine-based fortunes, entangled at every turn in a system of government support from direct health care payments to enormous taxpayer investments in drug discovery and basic research; the sports wealthy, whose wallets have been fattened on many occasions by a wide variety of taxpayer-delivered goodies, from roads built around stadia to bonds sold, with taxpayers on the hook, to subsidize “private” business.  Media?  See internet, taxpayer funded, above.  You get the picture.
..
It is to say that they have already been very richly rewarded for their accomplishments, that even the most original of them have reached their happy state within a framework of public goods, owned in common, and paid-for-by-others  – and to note that a substantial proportion of them have less reason than others to claim particular personal credit for their fortunate situation.
class-war  wealth  taxes  ideology  rich  rewards 
november 2010 by tsuomela
Hullabaloo - The Rich Are Different From You and Me
We have known for quite some time now that the wealthy have different rules. Every once in a while they throw one of their own into the maw of the legal system in order to keep the rubes from rising up in anger but for the most part they have always bought themselves expensive lawyers and make political deals on the QT. Lately, however, they are just outright arguing that they are too important to the world to be subject to the US system of justice --- and they seem to have convinced the people of just that. This is what refusing to look into the rear view mirror gets you
rich  wealth  money  power  law 
november 2010 by tsuomela
Too Big to Sail? | Culture | Vanity Fair
The financial crisis sent panic through the world of super-yachts, with over-leveraged tycoons abandoning ship, and sales in a deep freeze. Two years later, the author delves into the motives, means, and lifestyles of the oligarchs, operators, and sea-lovers who are still riding the waves. Choose your vessel: from the naked aggression of Roman Abramovich’s record-size Eclipse, the floating advertisement of the Candy brothers’ Candyscape II, and the eye-popping Jeff Koons exterior of Dakis Joannou’s Guilty to the pure romance of Tara Getty’s historic Blue Bird.
wealth  income  rich  class  yacht  economics 
october 2010 by tsuomela
Tax Rates and Tax Havens ~ Angry Bear
Nonetheless, we can draw some conclusions. High top tax rates did not create tax havens.

Many will argue that tax havens arose as a response to high taxes. Tax havens came into play after top rates had fallen significantly. To argue that 50% tax rates or higher--say 70% or even 90%--forced the wealthy to go elsewhere is not exactly persuasive.
taxes  tax-cuts  law  foreign  money  rich  wealth 
march 2009 by tsuomela
Incendiary Data in a Plain Paper Journal | OurFuture.org
America’s rich have, in effect, seen their tax burden shrink a third since 1986.

Over this same period, the top 1 percent have doubled their share of the nation’s income, from 11.3 percent of the total in 1986 to 22.1 percent in 2006.
income-distribution  taxes  government  data  money  wealth  politics  rich 
march 2009 by tsuomela

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