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Wealth Inequality

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 12.19.2014 | 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.

The Rich Are Getting Richer, But They're Giving Less Of Their Income Away

MarketWatch | Quentin Fottrell | Posted 10.23.2014 | Impact

The amount of money wealthy Americans are donating to charity is falling as a percentage of their income. Before you denounce the 1%, new research fin...

Dear College Board, A Change Needs To Be Made

Avi Sholkoff | Posted 12.21.2014 | Teen
Avi Sholkoff

This is a letter demanding a change to the environment and culture surrounding your test. Standardized testing has shifted from a mere requirement to a game. Whoever finds the best tutor or class wins the game. These students attend the college of their dreams.

All The Wealth The Middle Class Accumulated After 1940 Is Gone

The Huffington Post | Mark Gongloff | Posted 11.05.2014 | Business

Here's more proof the middle class is dying. The middle-class share of American wealth has been shrinking for the better part of three decades and ...

Janet Yellen: Rising Income Inequality Could Seriously Harm The U.S. Economy

The Huffington Post | Mark Gongloff | Posted 11.05.2014 | Business

The Federal Reserve is sounding increasingly alarmed about income inequality. "The extent of and continuing increase in inequality in the United St...

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...

The Age of Vulnerability

Joseph E. Stiglitz | Posted 12.13.2014 | World
Joseph E. Stiglitz

It used to be thought that America's greatest strength was not its military power, but an economic system that was the envy of the world. But why would others seek to emulate an economic model by which a large proportion -- even a majority -- of the population has seen their income stagnate while incomes at the top have soared?

What's Wrong With the NFL Is What's Wrong With America

Richard (RJ) Eskow | Posted 11.25.2014 | Politics
Richard (RJ) Eskow

Sexism. A culture of violence. Untrustworthy leadership. Runaway wealth inequality. An indifference to workers' health. Employees who are above the law. Hush-hush financing. Multimillion-dollar tax breaks. We're not talking about America's top corporations. We're talking about the NFL.

White High School Dropouts Have More Wealth Than Black And Hispanic College Graduates

Matthew Bruenig | Posted 11.25.2014 | Business
Matthew Bruenig

Black families with college degrees have a mean wealth of $162.8k, which is effectively the same as the mean wealth of white families with less than a high school education.

The Critical Need for a Citizens' Rights Movement

Frank Islam | Posted 11.24.2014 | Politics
Frank Islam

Can citizens' movements make a difference? Absolutely, if they are targeted correctly, mobilized properly and sustained effectively.

CEOs Get Paid Too Much, According To Pretty Much Everyone In The World

Gretchen Gavett | Posted 11.24.2014 | Business
Gretchen Gavett

It turns out that most people, regardless of nationality or set of beliefs, share similar sentiments about how much CEOs should be paid -- and, for the most part, these estimates are markedly lower than the amounts company leaders actually earn.

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 ...