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Wealth Inequality

The Poor: An Endangered Species?

Bhaskar Chakravorti | Posted 10.05.2013 | Business
Bhaskar Chakravorti

More than a billion have been lifted out of poverty in the past twenty years; by 2030, the total number of poor people will be down to 200 million, with virtually none in China.

Wealth Taxes to Cure Inequality? How About Tax Reform Instead.

Joseph J. Thorndike | Posted 09.23.2013 | Politics
Joseph J. Thorndike

What are the prospects for a new federal tax on wealth? Pretty good, if you think surging inequality will trigger a populist revolt. But not so good i...

Increase Minimum Wage and Consumer Price Index

Susan Rhea | Posted 09.14.2013 | Business
Susan Rhea

If Walmart were to start paying employees (and their supply chain manufacturers!) a living wage, and by the way include health care to all employees, their prices would go up. And if the CPI does not keep pace, the middle class loses out again, falling farther and farther behind.

Okay, Fair Question Time: Is All of This Okay With You?

Neale Donald Walsch | Posted 09.10.2013 | Business
Neale Donald Walsch

Does everyone in America have an equal opportunity? Does everyone in America have an equal opportunity to be the CEO of a major company, and earn nearly 273 times more than the workers they boss?

Where the Hell Is the Outrage?

Richard (RJ) Eskow | Posted 09.08.2013 | Politics
Richard (RJ) Eskow

Bankers break the law with impunity, are bailed out, and go on breaking the law, richer than they were before. And yet, bizarrely, the only Americans who seem to be seething with anger are the beneficiaries of this economic injustice -- the wealthiest and most privileged among us.

Jan Diehm

LOOK: Inequality In U.S. Is Scarily High, Rising | Jan Diehm | Posted 11.11.2013 | Business

President Obama acknowledged Monday that inequality is on the rise "even though the economy is growing." That growth hasn't helped many people who los...

Think Again: The Power of Money, Not Logic

Eric Alterman | Posted 08.06.2013 | Media
Eric Alterman

As counterintuitive as it may initially appear to seek to worsen a situation that is already endangering the social stability and economic basis of democracy, it is the natural result of a political system that rewards money power rather than people power.

Shahien Nasiripour

Job Fair Detour Spurs Federal Reserve Inequality Probe | Shahien Nasiripour | Posted 06.04.2013 | Politics

WASHINGTON -- A random trip to a local job fair may be responsible for the Federal Reserve’s renewed focus on income disparities and its fresh conce...

Burning Tulsa: The Legacy of Black Dispossession

The Zinn Education Project | Posted 07.29.2013 | Politics
The Zinn Education Project

The term "race riot" does not adequately describe the events of May 31 - June 1, 1921 in Greenwood, a black neighborhood in Tulsa, Oklahoma. The historical record documents a sustained and murderous assault on black lives and property.

Shocker: Income Inequality Gets Worse When You Slash Taxes On The Rich

The Huffington Post | Mark Gongloff | Posted 05.29.2013 | Business

The rich just keep getting richer -- not only by gobbling up more income, but also by paying less in taxes. That means less support for the poor, who ...

Shahien Nasiripour

Top Fed Official Warns Inequality May Impede Recovery | Shahien Nasiripour | Posted 05.17.2013 | Politics

WASHINGTON -- A top Federal Reserve policymaker has raised the possibility that rising inequality may restrain economic growth for several years in a ...

Wealth Inequality: Core Challenge for National Security

Edward Corcoran | Posted 06.30.2013 | Politics
Edward Corcoran

he prospect of national decline looms not from external forces, but from internal fragmentation exacerbated by global instability. The two, in fact, are intertwined.

Refusing Austerity in America -- How "Baby Bonds" Could Expand Social Security

Alan A. Aja | Posted 06.26.2013 | Politics
Alan A. Aja

We need to expand the conception and reach of social security rather than continuously put it on the national chopping block.

Wealthiest Americans Benefit The Most From Economic Recovery As Inequality Grows

The Huffington Post | Caroline Fairchild | Posted 04.23.2013 | Business

The first years of the U.S. economy's recovery from the Great Recession yielded strong gains in total wealth for the richest Americans, while every ot...

Stiglitz: ‘There Is No Instance Of A Large Economy Getting To Growth Through Austerity'

The Huffington Post | Caroline Fairchild | Posted 04.11.2013 | Business

Nobel Prize-winning economist Joseph Stiglitz has some choice words for anyone who thinks the only way to improve the economy is to tighten the countr...

Capital Gain, Social Loss

Edward Corcoran | Posted 05.10.2013 | Politics
Edward Corcoran

To the extent that this favorable tax treatment facilitates economic expansion, the overall economy is mis-structured. Moving more assets to the wealthy should certainly not be a prerequisite for job development and economic progress.

Wealth Inequality And Why Not to Be Poor in America

Shaahin Cheyene | Posted 05.04.2013 | Business
Shaahin Cheyene

I am fortunate enough to have a great life, and I have worked hard for it. I look at the poor and suffering with compassion. I know now that it may not be a choice to be poor in America but at the same time I know that to be rich can be a choice.

Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Blacks: Study

The Huffington Post | Bonnie Kavoussi | Posted 02.27.2013 | Business

The wealth gap between blacks and whites has ballooned since the middle of the Reagan administration, nearly tripling between 1984 and 2009, according...

The Social Mobility Fairytale

Daniel Luzer | Posted 04.24.2013 | Politics
Daniel Luzer

It's true that income inequality has grown dramatically in last 30 years in United States, but social mobility? In truth it doesn't appear that ever changes much at all.

We Look Out for Our Own

Gautam Mukunda | Posted 04.23.2013 | Politics
Gautam Mukunda

The elites who control our most significant societal institutions can devote their full attention to helping the institution do its job as well as possible, or they can succumb to the temptation to use their power to divert the surplus generated by the institutions they control to benefit themselves.

The Great Wage Robbery

Richard (RJ) Eskow | Posted 04.16.2013 | Politics
Richard (RJ) Eskow

There's a myth in this country that enormous wealth doesn't come from anywhere or anyone, that it's self-creating and self-sustaining, thriving on pure oxygen like an epiphyte or a garden fairy. In reality, highly concentrated wealth is caused by actions -- human actions with human consequences.

$250K a Year -- Rich or Not Rich?

Dedrick Muhammad | Posted 03.26.2013 | Black Voices
Dedrick Muhammad

Defining the middle class is a crucial step toward creating a fair tax system that evens the playing field for struggling American families.

46 Trillion Reasons to Evolve Society Right Now

David DeGraw | Posted 02.09.2013 | Money
David DeGraw

In the U.S., the 400 richest people now have as much wealth as 185 million people combined, nearly 60 percent of the entire population. Millionaire households have at least $46 trillion in wealth, yet only one-tenth of one percent of the population makes one million dollars a year.

We Have the Power to Change the Rules

Thomas Pogge | Posted 02.04.2013 | World
Thomas Pogge

Lasting change requires more than overthrowing a dictator or firing a few CEOs. It requires changing the rules themselves -- the national and international laws, policies and practices that allow injustices to endure while regimes rise and fall.

How Equal Are We Anyway? Different Illusions of Meritocracy in Chinese and United States Schooling

Susan D. Blum | Posted 01.28.2013 | Education
Susan D. Blum

In China, the children of the privileged can sail off into lives made smooth by their families, always scoring highest, getting into the best programs, and ultimately finding their way to the top leadership of the nation. Sound familiar?