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Economic Inequality

The Global Economy Is Flying on One Engine -- But There Is Turbulence Ahead

Nouriel Roubini | Posted 01.03.2015 | World
Nouriel Roubini

If the Republican Party takes full control of the U.S. Congress in the midterm election, policy gridlock is likely to worsen, risking a rerun of the damaging fiscal battles that led last year to a government shutdown and almost to a technical debt default. More broadly, the gridlock will prevent the passage of important structural reforms that the U.S. needs to boost growth.

Economic Inequality and Educational Opportunity: Are We Talking Enough About It?

Dr. Michael J. Feuer | Posted 01.03.2015 | Education
Dr. Michael J. Feuer

The problems of widening gaps in income and educational opportunity have been much on the minds (and tongues) of scholars, journalists, and some national politicians.

Why a $90 Million Condo Is Left Empty in NYC: Ridiculously Low Property Tax Rates for Luxury Properties

Nathan Newman | Posted 12.28.2014 | Business
Nathan Newman

In many communities, yearly property taxes would encourage an owner to at least rent out a unit to cover the taxes, but in NYC, property taxes on luxury condos are actually lower as a percentage of their buying price than working-class rental units.

Most Millionaires Are 'Concerned' About Inequality

CNBC | Robert Frank | Posted 10.27.2014 | Business

Most millionaires are concerned about inequality, and nearly half support a higher minimum wage and more taxes on the rich, according to a new survey.

Which Hazard Is Better Contained: Ebola or Extreme Economic Inequality?

Timothy J. Barnett | Posted 12.27.2014 | Politics
Timothy J. Barnett

Design changes in Ebola management protocols make it highly probable that the Ebola hazard in America will be successfully contained. In contrast, the hazard of wealth-concentration policies implemented by central banks is not under containment. This problem threatens the very fabric of democratic enterprise.

How Rich Are the 400 Richest Americans and How Do They Use Their Money?

Lawrence Wittner | Posted 12.27.2014 | Money
Lawrence Wittner

Not surprisingly, economic inequality is growing in the United States. From 1978 to 2013, CEO compensation, inflation-adjusted, grew by 937 percent, while the typical worker's compensation over that same period grew by only 10 percent.

Income Inequality Got You Down? Do Something About It!

Steve Siebold | Posted 12.23.2014 | Small Business
Steve Siebold

The wealthy continue to see significant income and wealth gains while the majority of people are experiencing stagnant living standards. Income inequality is one of the most significant financial stories right now, and there's no end in sight.

Ben Walsh

Economists Say We Should Tax The Rich At 90 Percent

HuffingtonPost.com | Ben Walsh | Posted 10.22.2014 | Business

America has been doing income taxes wrong for more than 50 years. All Americans, including the rich, would be better off if top tax rates went back to Eisenhower-era levels when the top federal income tax rate was 91 percent, a new paper concludes.

The Richest 1 Percent of Americans Control 40 Percent of the Nation's Awesomeness

Galanty Miller | Posted 12.15.2014 | Comedy
Galanty Miller

One day we'll all be dead. And in heaven, everyone has a shitload of money. But for now, it's important that rich people acknowledge their mental deficiency. It will make the rest of our lives much easier. Or maybe Donald Trump is just naturally dumb?

Hiding in Plain Sight: Disaggregating Data to Address the Racial Divide in Education

Ben Hecht | Posted 12.13.2014 | Impact
Ben Hecht

Changing complex education systems is no easy feat. It requires patience, humility, and a willingness to honestly and openly acknowledge "what is" in order to work towards "what could be."

WATCH: Restoring an America That Has Lost Its Way

Bill Moyers | Posted 12.14.2014 | Politics
Bill Moyers

Author Bob Herbert found an America in which jobs have disappeared, infrastructure is falling apart and the "virtuous cycle" of well-paid workers spending their wages to power the economy has been broken by greed and the gap between the very rich and everyone else.

Key Inequality Measure The Highest Since The Great Depression

The Huffington Post | Mark Gongloff | Posted 11.05.2014 | Business

You know inequality is getting bad when it's making a Swiss bank uncomfortable. The ratio of wealth to household income in the U.S., a measure of i...

How Laissez-Faire Economics Led to Inequality and Recession

Jeff Madrick | Posted 12.14.2014 | World
Jeff Madrick

The reaction of the economic mainstream to the inflationary turmoil of the 1970s was to retreat to an ideological interpretation of their fundamental ideas -- a doctrinaire reinforcement of laissez-faire economics.

Teach Your Kids How to Become Rich

Steve Siebold | Posted 12.10.2014 | Business
Steve Siebold

Even parents who have not been the most financially successful can set an example by continuing to try and teach their kids about failure and success.

Ebola Is an Inequality Crisis

Jim Wallis | Posted 12.10.2014 | Religion
Jim Wallis

So fighting Ebola means much more than simply sending funding, medicine, and personnel to West Africa to contain the outbreak. This new epidemic should re-focus us on reducing the inequality between the global North and the global South that allows crises like this one to keep happening in the developing world. We need to remain committed to dramatically reducing extreme poverty and hunger, supporting a healthy civil society in developing nations, and helping to build the long-term infrastructure that will allow the global South to effectively combat and contain future epidemics.The Ebola crisis should be an opportunity to renew and revitalize our commitment to ending massive inequality.

Hong Kong: The Future of People Power?

John Feffer | Posted 12.09.2014 | World
John Feffer

If as a result Hong Kong can democratize its institutions and equalize its economic success, the city can point the way for the country as a whole.

S4S Celebrates a Wonderful Team -- A Tribute to Grace Bennett

Alyssa Ramos-Reynoso | Posted 12.06.2014 | Impact
Alyssa Ramos-Reynoso

In only one year, Schools for Sustainability (S4S) has cultivated a beautifully dynamic team. We honor diversity as we attract support from members ...

America's Ridiculously Rich: The 2014 Edition

Sam Pizzigati | Posted 12.06.2014 | Business
Sam Pizzigati

America's top 400, Forbes revealed last week, now hold a combined net worth of $2.29 trillion. That places the average Forbes 400 fortune at $5.7 billion, an all-time record high.

Can Seattle Afford to Pay a Premium Minimum Wage?

Timothy J. Barnett | Posted 12.03.2014 | Politics
Timothy J. Barnett

With so many business-hub communities surrounding Seattle (more than a dozen not counting bedroom communities), residents desiring low-cost local services do not have to drive far to find businesses not constrained by the new minimum wage.

Why an Unequal Planet Can Never Be Green

Sam Pizzigati | Posted 11.30.2014 | Politics
Sam Pizzigati

Over recent decades, analysts and activists have made all sorts of links between the increasing degradation of our global environment and the increasing concentration of our global wealth.

Your Opportunity to Prevent Another Ferguson

Ama Yawson | Posted 11.30.2014 | Impact
Ama Yawson

It has been nearly two months since the shooting of unarmed teenager Michael Brown and the beginning of the uprising that the murder triggered. Most social critics have observed that the uprising was not simply about racism and police brutality.

Here Are The Most Unequal Counties In America

The Huffington Post | Emily Cohn | Posted 09.23.2014 | Business

Welcome to the United States of Inequality. The map below, based on data from the Census Bureau’s 2013 American Community Survey, shows the most ...

Angry White Men on the Right

Andy Schmookler | Posted 11.18.2014 | Politics
Andy Schmookler

The Republican Party, as the instrument of the forces of corporatist oligarchy, has had a major hand (more so than the Democrats) in injuring the economic prospects of these men. But the ways these injuries have been inflicted are more hidden than the social revolutions that toppled the old order of automatic superiority.

Inequality, Nick Hanauer and the Patriot's Moral Code

Timothy J. Barnett | Posted 11.17.2014 | Politics
Timothy J. Barnett

The July/August 2014 issue of Politico Magazine sports a special report decrying excessive economic inequality, written by plutocrat extraordinare, Nick Hanauer.

Do Health Care Costs Fuel Economic Inequality in the United States?

David Blumenthal | Posted 11.16.2014 | Politics
David Blumenthal

From the perspective of the more than 150 million Americans, health care costs may, in fact, be widening inequality. When health insurance premiums go up, employers may reduce take-home pay to keep overall compensation in check.