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Wealth Inequality

The Disadvantages of Advantages in Life

Frank A. Weil | Posted 05.26.2015 | Impact
Frank A. Weil

This subject runs the serious risk of being seen as elitist. But, it is important enough to surface in a way that makes clear that is not the case and to turn it to the advantage of the disadvantaged.

The American Economy Is a Buffalo Jump

Fred Lundgren | Posted 05.19.2015 | Politics
Fred Lundgren

A "Buffalo Jump" is a cliff where Native Americans killed bison in mass quantities. They stampeded the bison over the cliff while others waited below to kill the disabled animals with spears and bows.

Baltimore Left Behind by Capitalism

Cody Cain | Posted 05.19.2015 | Politics
Cody Cain

If we wish to get serious about helping the poor underclass instead of just policing it, then we must be honest about what is causing it. We must be willing to face our own imperfections as a society. It's time. And we can handle it.

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.

Three Ways Inequality Is Making Life Worse for Everyone

Sean McElwee | Posted 05.06.2015 | Politics
Sean McElwee

As the 2016 election approaches, the debate among the intelligentsia appears like it will center around the question of inequality. While income is distributed unequally in the country, what few people know is how much more unequally wealth, financial assets and inheritances are distributed. As the chart below shows, income is only part of the problem.

Inequities in Tax Policy

Rand Ghayad | Posted 05.06.2015 | Politics
Rand Ghayad

Despite earlier reforms aimed at promoting greater efficiency, equity and simplicity in the tax code, the system continues to be crippled by two main concerns.

It's Time to Restore the Estate Tax

Ben Veghte | Posted 05.24.2015 | Politics
Ben Veghte

The estate tax is an essential component of tax policy in any meritocratic democracy. In an era of rising income and wealth inequality, a strong estate tax has become all the more critical. Yet Congress has allowed the estate tax to erode, particularly over the last 15 years.

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

Antonio Moore | Posted 04.15.2015 | 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.

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

Jack Sim | Posted 04.01.2015 | 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.

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...

10 Illinois Counties With the Lowest Rates of Income Inequality

Reboot Illinois | Posted 05.18.2015 | Chicago
Reboot Illinois

Illinois is the 36th most income unequal state in the country. Washington, D.C. has the most inequality, while Alaska has the smallest income gap in the country.

SXSW Preview: Reality Check -- The Dark Side of the Digital Economy

Don Tapscott | Posted 05.11.2015 | Business
Don Tapscott

In hindsight, the digital economy has brought us many wonders. But I'm sad to say that every single "dark side" danger I mentioned in 1995's The Digital Economy has in fact come to fruition. I outlined eight issues. Here are the first four. You decide.

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.

Inequality and Fairness: Why Investors Should Care

Peter Schwartz | Posted 05.03.2015 | 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 04.27.2015 | 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 04.13.2015 | 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 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."

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

Lynn Parramore | Posted 04.08.2015 | 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 04.07.2015 | 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 04.06.2015 | 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 04.01.2015 | 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 03.25.2015 | 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.