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Wealth Gap

When the Rich Took Over Our Neighborhood

Michael Winship | Posted 11.06.2015 | Politics
Michael Winship

The Chinese restaurant across the street from me -- one of the last reasonably priced joints in the neighborhood -- closed last weekend. Their lease was up for renewal and the rent increased from $5,000 a month to $25,000.

How Did We Become Incarceration Nation?

Les Leopold | Posted 11.03.2015 | Politics
Les Leopold

How is it that America, supposedly the beacon of freedom and democracy for the rest of the world, has more prisoners than any police state?

Public Markets Are Great Equalizers In An Age Of Inequality

The Huffington Post | Alexander C. Kaufman | Posted 09.27.2015 | Business

NEW YORK -- Union Square is one of those rare places left in Manhattan where just about anyone has business being. And, for that matter, shoppin...

Wealth Gap Widens Along Race Lines

MoneyTips | Posted 09.22.2015 | Business

Using data from the Survey of Consumer Finances conducted by the Federal Reserve, researchers have shown that the median net worth of white households has risen slightly while those of black and Hispanic households have fallen dramatically.

Calling Out Corruption

Judy Frankel | Posted 09.01.2015 | Politics
Judy Frankel

Only three candidates are willing to say that the system is corrupt: Bernie Sanders, Donald Trump, and Lawrence Lessig. But Trump has no solution to the problem, while the other two do.

Asset Building and the Path to a "Universal Fix" to Poverty

Ben Hecht | Posted 08.20.2015 | Impact
Ben Hecht

While the debate about relief programs has become, unfortunately, deeply politicized, if we are serious about addressing poverty and inequality, we will need to get beyond the rhetoric to really hone in on what elements have worked and where there is room for improvement.

Basic Income? Yes! Bold Ideas About Fixing Inequality

Lynn Parramore | Posted 07.29.2015 | Politics
Lynn Parramore

British economist Tony Atkinson has been studying inequality -- the gap in income and wealth between the top and the bottom -- for nearly half a century.

Friends and Envy: When Your Friends Have More -- and When They Have Less

Dr. Peggy Drexler | Posted 07.25.2015 | Healthy Living
Dr. Peggy Drexler

Remember why you're friends in the first place. Don't judge them for what they have -- what they wear, the trips they take, the house they live in -- but for who they are, and how they treat you.

Distributing Growth for the Benefit of All

St. Gallen Symposium | Posted 07.24.2015 | Impact
St. Gallen Symposium

If you need proof of how the modern welfare state can miss the mark, just look at the rising level of social inequality in much of the developed world.

Let's Get Rid of the Term 'White Privilege'

Daniel Cubias | Posted 07.21.2015 | Latino Voices
Daniel Cubias

The problem with white privilege is that the concept is painfully easy to refute. I'm referring to white individuals who hear the word "privilege" thrown at them and interpret it as an individual attack rather than as a societal fact.

The Not-So-Secret Reason Why Women Lack Political Power

Charlotte Hill | Posted 07.17.2015 | Politics
Charlotte Hill

When these economic elites are predominantly male -- the names of Jeb Bush's super PAC donors read like a bachelor party guest list -- this means that American public policy is disproportionately influenced by men. Decisions about whether to prioritize issues like paid sick leave, affordable child care, birth control access and equal pay are not ultimately made by the people they impact most: women.

What Do Americans Think About Economic Inequality?

Lawrence Wittner | Posted 07.07.2015 | Politics
Lawrence Wittner

Numerous opinion surveys in recent years indicate that substantial majorities of Americans not only recognize that the gap between the wealthy and everyone else has grown, but favor greater economic equality.

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.