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Wealth Inequality

Our Disparity Disorder: Life on the Wage Floors

Doug Levitt | Posted 03.04.2015 | 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 03.03.2015 | 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.

Inequality and Fairness: Why Investors Should Care

Peter Schwartz | Posted 03.03.2015 | Money
Peter Schwartz

The effect of unequal educational funding is to reinforce existing wealth inequalities across social class, race, gender, and region. But the most significant effect is the reproduction of these inequalities across generations.

Land of Equal Opportunity? The Power of a Costly Myth

Jon Wisman | Posted 02.25.2015 | Politics
Jon Wisman

The myth of fluid upward mobility blinds us to how stacked our system has become against the aspirations of the less well-off, thereby enabling an elite to capture every larger shares of income, wealth, privilege, and control over government while those below receive relatively smaller shares, face fewer opportunities, and command increasingly less control.

Ben Walsh

No, The Rich Have Not Gotten Poorer Since The Financial Crisis

HuffingtonPost.com | Ben Walsh | Posted 02.19.2015 | Business

The rich have not only gotten wealthier since the financial crisis, but super-rich Americans have gotten disproportionately more wealthy than even the merely rich.

States Consider Increasing Taxes For The Poor, Cutting Them For The Rich

The New York Times | Shaila Dewan | Posted 02.14.2015 | Politics

A number of Republican-led states are considering tax changes that in many cases would have the effect of cutting taxes on the rich and raising them o...

Humility and Equality

Julia E. Sweig | Posted 02.11.2015 | Politics
Julia E. Sweig

American politicians and their brain trusts are trying to figure out how to talk about poverty and inequality in the United States without resorting to truth-concealing euphemism. This is a humbling experience for a country that prides itself on social mobility: admitting that previous efforts have stalled, that inequality has worsened and is damaging our national cohesion.

Hands Up. Don't Foreclose.

Jorge Newbery | Posted 02.09.2015 | 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."

What Thomas Piketty and Larry Summers Don't Tell You About Income Inequality

Lynn Parramore | Posted 02.06.2015 | Politics
Lynn Parramore

According to economist Lance Taylor and his colleagues, we're not yet talking about the kinds of major changes needed to keep us from becoming a Downton Abbey society.

The Erosion of Democracy

Jay Mandle | Posted 02.05.2015 | Politics
Jay Mandle

The control of American politics, like so much in this country, has become increasingly concentrated in the hands of a tiny elite. This trend can be seen by comparing patterns of political expenditures and voter participation in the non-presidential elections of 2006 and 2014.

If I Were a Rich Man: Public Attitudes About Wealth and Taxes

Kathleen Weldon | Posted 02.04.2015 | Politics
Kathleen Weldon

In his State of the Union address President Obama called for tax increases for the wealthiest Americans. Does the public support these tax hikes, and how do their attitudes fit into larger perceptions about wealth?

Who's in Control?

Jim Wallis | Posted 01.30.2015 | Politics
Jim Wallis

Some Davos participants described the atmosphere this year as "gloomy" and "fearful." Those who control the world seemed to feel, and be, out of control and unsure how to deal with growing and frightening global instabilities and the violence that keeps emerging.

Why Humans Hate Economists: Part 2, The Right Reasons

Peter Holmes a Court | Posted 01.30.2015 | Politics
Peter Holmes a Court

This week, I wrote that there are many reasons economists are about as popular as parking inspectors, and how much of the dislike is really not fair. The same is true for parking inspectors, who, by the way, are just doing their job.

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.

Davos: Wealth Inequalities and the Collapse of Trust

Don Tapscott | Posted 01.21.2015 | Business
Don Tapscott

Undoubtedly timed to the opening of the World Economic Forum annual meeting in Davos, a new report by Oxfam says the richest 1 percent of people in the world will have a majority of the wealth on the planet next year. The report is a perfect preamble to the Davos meeting.

The Sad State Of America's Middle Class, In 6 Charts

The Huffington Post | Mark Gongloff | Posted 01.20.2015 | Business

There should be little doubt that the middle class is in trouble.

Show This Chart To The Next Person Who Isn't Worried About Income Inequality

The Huffington Post | Emily Cohn | Posted 01.20.2015 | Business

If you find it hard to grasp just how unequal the global economy is, here's one stat that should put it all in perspective: The richest 80 people on E...

How Wall Street Occupies America: Rising Debt and Runaway Inequality

Les Leopold | Posted 01.14.2015 | Business
Les Leopold

Between the New Deal and the 1970s, Wall Street was tightly controlled. Taxes on the wealthy were high, worker wages were rising, and debt levels on consumers, companies and government were low. After finance wriggled free from these regulations private and public debt exploded, wages stalled, taxes on the rich fell and inequality soared.

Joseph Stiglitz on Why the Rich Are Getting Richer -- and Why It Could Get Much Worse

Lynn Parramore | Posted 02.18.2015 | Politics
Lynn Parramore

In this interview, he explores the work of Thomas Piketty and the need for the field of economics -- and the country -- to come to terms with the growing gulf between haves and have-nots.

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...

You're More Likely To Inherit Your Dad's Social Status Than His Height

The Huffington Post | Mark Gongloff | Posted 11.25.2014 | Business

We inherit social status from our parents just as much as, if not more than, our physical traits.

A Gates Plan for Eliminating Student Debt

Chuck Collins | Posted 01.14.2015 | Politics
Chuck Collins

The Greatest Generation after World War II was created not only by their own grit, but also through major public investments in their prosperity. A similar investment is required for the next generation to rise to their full potential. Why should our greatest generation be behind us?

These Charts Show Growing Numbers of People Being Excluded From the Economy

Saskia Sassen | Posted 01.11.2015 | World
Saskia Sassen

We have moved towards an economy that can simultaneously benefit some enormously and destroy unusually large numbers of others.

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.