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Wealth Gap

Questions for the Presidential Candidates

Preeti Vissa | Posted 06.12.2015 | Politics
Preeti Vissa

In an era in which the hypothetical "typical voter" in many states is likely to be a person of color, the candidates and the media need to do better. At the risk of beating my head against the proverbial wall, here are some questions I'd like the candidates to answer and the media to pursue.

Bernie Sanders Is the Mainstream Candidate, Not an Extremist

David Pakman | Posted 06.09.2015 | Politics
David Pakman

When corporate media decides to take a break from ignoring Vermont Senator and 2016 Democratic Presidential candidate Bernie Sanders, he is typically framed as a far-left, extreme socialist whose views are not representative of anything but a small minority of voters.

Reparations Would Help Close Wealth Gap in America

Eric Cooper | Posted 06.04.2015 | Black Voices
Eric Cooper

The questions around reparations to descendants of slaves in America often trigger strident conversations. These discussions lay bare how race continu...

Are Your Gay Friends Making You Poor?

David Rae | Posted 05.18.2015 | Gay Voices
David Rae

Tip of the week: Know what you can afford and don't be afraid to say no. You can always say yes later when your financial planning pays off with some big dividends.

Opportunity or Inequality? That's No Choice at All

Richard (RJ) Eskow | Posted 05.14.2015 | Politics
Richard (RJ) Eskow

An NBC News/Wall Street Journal poll recently asked, "Which concerns you more: the income gap between the wealthiest Americans and the rest of the country, or middle and working class Americans not being able to get ahead financially?" If you understand how the economy works, that isn't just the wrong question. It's probably a meaningless one.

What Will Happen to American Jobs, Incomes, and Wealth a Decade From Now?

Robert Reich | Posted 05.07.2015 | Business
Robert Reich

In the next 10 years, the middle class's share of the total economic pie will continue to shrink, while the share going to the very top will continue to grow. But the current trend is not preordained to last, and only the most rigid technological determinist would assume this to be our inevitable fate.

I'm Rich. You Must Be, Too.

Wray Herbert | Posted 06.28.2015 | Science
Wray Herbert

The very wealthy are disproportionately opposed to any policy -- including tax policies -- that would redistribute wealth more equitably. This makes sense from a purely economic perspective. But is there more to it than rational self-interest?

America's Financial Divide: The Racial Breakdown of U.S. Wealth in Black and White

Antonio Moore | Posted 06.13.2015 | Black Voices
Antonio Moore

Several evaluations of black and white wealth in America have surfaced over the past several months. Yet, these tools only tell part of the economic story. To truly understand the difference in economic access, you must look at the top of American wealth, and be honest about what you find.

Human Potential Matters

Stedman Graham | Posted 06.06.2015 | Business
Stedman Graham

As a country, and a world, we must understand that our destinies are linked. As business owners and integral employees within organizations, we can make a difference. We can offer our unique ideas and contributions that might help close the growing gap between the rich and the poor. We can examine ourselves for prejudices founded on fashionable beliefs rather than solid values.

Redefining Success: Why Malala is a Billionaire (and Donald Trump Isn't)

Jack Sim | Posted 06.01.2015 | Impact
Jack Sim

I propose that we redefine the meaning of success based on relevance rather than the amassing of money. A billionaire would then be someone that is relevant to the lives of a billion people, or whose actions positively impact on the lives of many.

Who Really Controls Wall Street, and Why It Matters

Nourish International | Posted 05.31.2015 | Business
Nourish International

We have to remember that the same banks responsible for so much of the financial strife, confusion, and crisis are guided by social forces. When we believe our financial systems are beyond our control, we neglect our responsibility to those most impacted by its flaws.

When It Comes To Wealth Inequality, Democrat and Republican 2016 Hopefuls Are Very Similar

The New York Times | Posted 03.29.2015 | Politics

Appearing at a candidate forum in late January, three likely Republican presidential contenders — Senators Ted Cruz, Marco Rubio and Rand Paul — a...

Why You Shouldn't Be Afraid to Talk About Finance

Nourish International | Posted 05.13.2015 | Money
Nourish International

Many who look to understand the incredible wealth gap are quickly lost in the exclusive language of finance. When it comes to the inner workings of financial institutions, the rise and fall of markets, the tangled web of international debt, or even just our own personal finances, most of us are lost. In short, we are financially illiterate.

Our Disparity Disorder: Life on the Wage Floors

Doug Levitt | Posted 05.04.2015 | Business
Doug Levitt

The asset boom combined with wage stagnation have only intensified our nation's disparity disorder, the prime metaphor for which is Walmart and its heirs, the Waltons.

Reforming Payday Lending Practices Is One Important Way to Address Wealth Inequality

Andrea Levere | Posted 05.03.2015 | Business
Andrea Levere

The economic recovery has not benefited Americans equally. We all know that. But few facts underscore that point more clearly than the startling number of consumers whose financial futures have been put on hold by subprime credit scores.

Boosting Women-Owned Businesses Will Boost the Economy

Claudia Viek | Posted 04.21.2015 | Women
Claudia Viek

Women-owned businesses can be found in all industries and sizes, but many of them are hidden in plain sight in home-based enterprises. These small businesses are making a difference in local economies -- even those run from the family dining room table.

We Didn't Start the War on Poverty, but We Owe It to Our Children to Win It

Eric Cooper | Posted 04.15.2015 | Politics
Eric Cooper

Fair or not, the weight of history falls heavily on the living. A nation founded on the inalienable rights of humankind and the notion of social justice must work to provide opportunities for all children -- not just mine. Leadership and resources are needed to support those who have been shortchanged by family circumstances -- by poverty and the remaining vestiges of racism.

Hands Up. Don't Foreclose.

Jorge Newbery | Posted 04.10.2015 | Impact
Jorge Newbery

We need to focus on keeping families in their homes, providing children stability, and restoring trust and respect between families and banks, law enforcement, and our government. "Hands Up. Don't Foreclose."

Mark Blumenthal

HUFFPOLLSTER: Why Americans Support Tax Hikes On The Wealthy

HuffingtonPost.com | Mark Blumenthal | Posted 02.05.2015 | Politics

Voters in three key battlegrounds support tax hikes on the rich. The share of adults living in middle income households has narrowed. And Hillary Clin...

Wealth: Legitimate and Illegitimate

Edward Corcoran | Posted 03.24.2015 | 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 Idea Revolution: How Youth of Color Will Build Our Future

Brandon Hill | Posted 03.09.2015 | Impact
Brandon Hill

What if I told you that the cure for cancer will come from the mind of a Hispanic girl in South Central Los Angeles? Or that the invention that will replace the Internet will come from the imagination of a Black boy from Harlem?

Wealth Inequality: Trickle-Down or a Sinking Ship?

Misha Pinkhasov | Posted 02.22.2015 | Money
Misha Pinkhasov

Three makes a pattern so, with inequality at the top of the news - be it about champagne wars at the House of Lords or the inherent privilege of white males on the streets of America - it is time to have a conversation about the difference between privilege and patronage.

Runaway Inequality, Runaway Incarceration

Les Leopold | Posted 02.21.2015 | Business
Les Leopold

The vibrant public response to these police killings is heartening. We are taking to the streets, and rightly so. But where are our protests heading? What should we demand that adequately addresses this destruction of life and hope?

U.S. Wealth Gap Hits Record High

The Huffington Post | Maxwell Strachan | Posted 12.18.2014 | Business

Never in the 30 years since the the Federal Reserve first starting collecting wealth data has the divide between the rich and everyone else been so la...

Are We the World's Most Anti-Worker Nation?

Les Leopold | Posted 02.14.2015 | Business
Les Leopold

Not only do we rank 26th in median wealth, we also are the most anti-employee country in the developed world. Actually, the two go together because rising inequality results from our pro-Wall Street and anti-worker policies.