wbur.org
support wbur today!
Listen to this story
Inequality in America: The Parallel World of the Hyper-rich
photo

By host Tom Ashbrook:

For thirty years now, America’s great engine of economic growth has funneled that growth predominantly to the pockets of the richest Americans.

Take for example the year 2004. After decades of soaring, the real income of the richest one percent of Americans rose again by 12.5 percent. The other ninety-nine percent of the population? Just 1.5 percent income growth.

Even the top five percent of Americans — richer than 19 out of 20 of us — saw only modest gains. The action is all at the tip-top, and what a top it is.

Hear about the jaw-dropping parallel world of America’s hyper-rich — the homes, the toys, the opulence, and the political clout of the one percent.

Guests:

Nina Munk, author of “Fools Rush In: Steve Case, Jerry Levin, and the Unmaking of AOL Time Warner,” contributing Editor at Vanity Fair, keen watcher of wealth

Larry Bean, Editor in Chief of The Robb Report

Jacob Hacker, Professor of Political Science at Yale, author of the forthcoming books “The Great Risk Shift” and “Inequality in American Politics.”

 
 

Comments are closed.

Recent Shows
Poker: America’s Game
Thursday, November 19, 2009 image

Poker and American history. How the game of presidents, cowboys, gangsters, and online gamblers helped shape America.

Comments [10]
 
Google vs. Murdoch
Thursday, November 19, 2009 image

Rupert Murdoch wants to block the search giant from scooping free content from his newspapers. We’ll look at the staredown.

Comments [132]
On Point Blog
Michael Wolff and Jeff Jarvis on Murdoch v. Google

We had a rousing discussion about Google vs. Murdoch, and what it says about the whole future of news, with Michael Wolff, Jeff Jarvis, and Steven Brill. Here’s what Wolff and Jarvis had to say about the delusions of both Murdoch and Google.

More » | Comments [18]
 
Video: Google CEO Eric Schmidt

Last week, host Tom Ashbrook was on stage with Google CEO Eric Schmidt, asking him about some of the biggest technology and business issues of our time.
It was part of an MIT event held on Thursday, Nov. 5, to commemorate computer science professor Michael Hammer, who died last year. Here’s video of the full interview, courtesy of WBUR.org:

Among other things, Schmidt said the possibilities [...]

More » | Comments [4]
 
California, here we come! And we need your questions!

On Point is headed west!
No, no. Not for good. Only for one show. But it’s a very special show!  The NPR station in Thousand Oaks, California – KCLU – is celebrating their 15th anniversary. We’re lucky to have been on their airwaves for nearly seven years, and they invited us out west to host a live [...]

More » | Comments [10]