Tag Archives: Income gap

Affluenza appears to be spreading among the one percent

Tom Perkins, a legendary California venture capitalist who is worth an estimated $8 billion and is the proud owner of a 289-foot sailboat that cost him $130 million, believes he is abused and unappreciated. Perhaps reflecting on his plight in the … Continue reading

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An example of why the income gap is widening

Union machinists at Boeing Co. in Seattle swallowed hard last week and narrowly approved an eight-year contract that will replace their pensions with 401(k) plans, and provide pay increases of 1 percent every other year of the deal. Boeing said this was … Continue reading

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