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Wealth Disparity

Is Culture Just for Rich Kids Now?

Stephen Marche | Posted 02.11.2015 | Arts
Stephen Marche

Culture, like so much of American life, is being shaped by rising income inequality. Art, which was the domain of a democratic, sometimes anarchic spirit, has become a preserve for the cool display of privilege.

Extreme Disparity of Wealth Dominates Davos

Don Tapscott | Posted 01.29.2015 | Business
Don Tapscott

Winnie Byanyima, Executive Director of Oxfam International, helped set the tone for this year's World Economic Forum by releasing the comprehensive report that disclosed that the world's richest 1 percent are on track own more than half of the world's wealth by next year. It is fair to say that the report has been a hot topic at many panel sessions and in informal gatherings.

Wealth: Legitimate and Illegitimate

Edward Corcoran | Posted 01.22.2015 | Politics
Edward Corcoran

Excessive wealth accumulation is the result of permissive conditions that allow and even promote it. Lobbying efforts and campaign contributions are major avenues of influence. But these ultimately depend on public acceptance of rationales which facilitate wealth accumulation.

The Identity and Empathy Gap

Arthur Camins | Posted 02.09.2015 | Education
Arthur Camins

As a nation, the United States is infected with racial and socio-economic myopia. Sadly, the malignant biases that support the empowered also undermine the ability of the disempowered to identify and empathize with one another.

The Economic Recovery in Black, White, and Brown

Mechele Dickerson | Posted 11.18.2014 | Politics
Mechele Dickerson

While some households and neighborhoods have recovered from the recession, most black and Latino households and neighborhoods are still waiting to recover.

What Economic Recovery?

Mechele Dickerson | Posted 11.09.2014 | Money
Mechele Dickerson

While many American households now face a bright and promising economic future, it is now clear that the recession and post-recession recovery has a different look and feel depending on whether you are wealthy, middle-class, or poor.

Who Do Americans Hate During Economic Downtimes? It's Not Who You Think

Daniel Cubias | Posted 08.26.2014 | Latino Voices
Daniel Cubias

On top of devastating the country, wiping out many people's savings, and increasing the obscene gap between the wealthy and the rest of us, the Great Recession may have had the side effect of increasing racial tension.

It's Class Warfare, Plain and Simple

David Macaray | Posted 11.26.2013 | Politics
David Macaray

The widening chasm between the middle-class and the rich, coupled with the on-going, systematic assault on organized labor, isn't simply the result of bad luck.

Happy Birthday Occupy

Robert Reich | Posted 11.15.2013 | Politics
Robert Reich

Occupy put the issue of the nation's savage inequality on the front pages, and focused America's attention on what that inequality was doing to our democracy. To that extent, it was a stirring success.

Pay Gap Between 1 Percent And Everybody Else Reaches Widest Point Since 1920s

AP | PAUL WISEMAN | Posted 11.10.2013 | Business

WASHINGTON — The gulf between the richest 1 percent and the rest of America is the widest it's been since the Roaring '20s. The very wealthiest A...

When Is Bankruptcy the Answer?

Dedrick Muhammad | Posted 10.19.2013 | Black Voices
Dedrick Muhammad

Detroit's financial woes have placed the issue of bankruptcy in the national spotlight. Yet, for many Americans, who are still struggling to get back on their feet amid high unemployment and expensive medical bills, bankruptcy is all too familiar.

No Economic Recovery Without Addressing 21st Century Racial Economic Inequality

Dedrick Muhammad | Posted 09.30.2013 | Black Voices
Dedrick Muhammad

To move the country forward we cannot and should not focus just on one race or ethnic group. But in order to advance the country as a whole we must look at all of her parts.

Wealth Taxes to Cure Inequality? How About Tax Reform Instead.

Joseph J. Thorndike | Posted 09.23.2013 | Politics
Joseph J. Thorndike

What are the prospects for a new federal tax on wealth? Pretty good, if you think surging inequality will trigger a populist revolt. But not so good i...

Wealthiest Americans Benefit The Most From Economic Recovery As Inequality Grows

The Huffington Post | Caroline Fairchild | Posted 04.23.2013 | Business

The first years of the U.S. economy's recovery from the Great Recession yielded strong gains in total wealth for the richest Americans, while every ot...

The Non Zero-Sum Society

Robert Reich | Posted 03.31.2013 | Business
Robert Reich

Walmart should be unionized. So should McDonalds. So should every major big-box retailer and fast-food outlet in the nation. So should every hospital in America. Everyone -- even the very rich -- would benefit.

Obama's Heaviest Lift

Robert Kuttner | Posted 03.29.2013 | Politics
Robert Kuttner

Have you ever wondered why it's become almost a hobby of billionaires to scapegoat our public schools for the widening inequality of our society? The answer is that if the problem is schools, then we don't have to think about all the other drivers of inequality. And if we can weaken a public institution along the way, so much the better. The fact is that in the late 1990s, when we had full employment, inequality narrowed and people at the bottom made the biggest gains. And we had the same schools; in fact, the test scores and graduation rates were worse back then than the ones we have today. In the 1950s and 1960s, when we had strong unions and near-full employment, the society became more equal. Face it, we could improve our test scores, and send everyone to college, but until we address the other sources of inequality, we will just have more frustrated graduates.

My Journey to "Capital Homesteading"

Dave Hamill | Posted 12.26.2012 | Business
Dave Hamill

The Internet is bringing great ideas to the forefront, paving the way for progress. More than ever, each individual has access to information that can...

It's the Inequality, Stupid!

Jon Wisman | Posted 12.03.2012 | Politics
Jon Wisman

Only by setting in motion policies to reverse inequality can a vibrant and sustainable recovery become possible. And doing so would bring along much-sought-after side benefits.

America Needs A New Econo-Theology

Serene Jones | Posted 11.21.2012 | Religion
Serene Jones

The so-called "rags to riches" stories remain popular in the American imagination because they mesh well with other cherished aspects of our national identity. If these ideals were ever true, however, in 2012 they must be recognized as myths.

Once Upon a Time in America: Rags to Riches Gone

Karen K. Harris | Posted 10.29.2012 | Politics
Karen K. Harris

Although most Americans are earning a bit more than their parents, only a meager one-third of the current generation will surpass their parents in wealth and income and climb to a new rung on the economic ladder.

Lessons from a Happy Warrior for Social Justice

Eric Schwartz | Posted 07.20.2012 | Politics
Eric Schwartz

While President Obama and Mitt Romney have very different ideas about how to promote progress for those at the bottom of the economic ladder, the fact that prominent Democrats and Republicans are now debating inequality and social mobility is a welcome sign.

National Occupy Gathering Set For July 4

AP | PATRICK WALTERS | Posted 06.29.2012 | Business

PHILADELPHIA -- Get ready for Occupy Fourth of July in the cradle of liberty. Occupy groups from across the country are headed to Philadelphia for a ...

Behind Super-Sized Sodas, a Deeper Danger

Sam Pizzigati | Posted 08.05.2012 | Healthy Living
Sam Pizzigati

If we want to get serious about fighting obesity, public health researchers would like us to understand, we need to look at the social dynamics that drive our bad health behaviors. And the most powerful driver of that unhealthy behavior? That would be inequality.

If Only it Were 99 Percent -- or Even 80 Percent -- Versus the Rich

Bernard Starr | Posted 07.16.2012 | Politics
Bernard Starr

Without the restoration of middle class jobs for Americans, the lights will not go back on and support for education will continue to fade.

Chris Christie: The Heartless, Smug, Bullying Embodiment of Today's Republican Party

Richard (RJ) Eskow | Posted 06.12.2012 | Politics
Richard (RJ) Eskow

Chris Christie isn't the Republican Party's "bad boy." He's its Id. He expresses the emotions they all feel but which most of them are too judicious to say out loud. That's clear by the way the party has embraced him.