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Economic Inequality

Revealed: Rising Inequality Kills American Jobs

Lynn Parramore | Posted 11.21.2014 | Business
Lynn Parramore

Barry Z. Cynamon and Steven M. Fazzari are exploring how the massive debt which led to the Great Recession, the spending collapse that followed, and the stagnation that persists are all linked to income inequality. In this interview, they discuss what their findings mean for America.

A Dem Who Can Explain That Fairness Is Prosperity Will Sweep in 2016

Richard Kirsch | Posted 11.19.2014 | Politics
Richard Kirsch

The Democrat who champions bold policies to build an America that works for all of us, not just the wealthy, and policies that create broadly shared, sustainable prosperity, will triumph in 2016.

The Dark Side of Black Friday

Julie Sokolow | Posted 11.16.2014 | Politics
Julie Sokolow

Despite working full time, it's a struggle for Tristean to afford the basics such as rent, electric, and groceries. While past Walmart CEOs have made the equivalent of $16,826.92 an hour, Tristean only makes $8.60.

The Tradeoffs of Tax Dodging

Raymond C. Offenheiser | Posted 11.14.2014 | Impact
Raymond C. Offenheiser

To fund essential services and tackle global inequality, we must ensure that companies pay their fair share of taxes. A first step is to compel corporations to publicly report where they earn their profits and where they pay taxes -- so-called country-by-country reporting.

Why Democrats Lost Big in the 2014 Midterm Elections

Timothy J. Barnett | Posted 11.11.2014 | Politics
Timothy J. Barnett

Elections are moving targets. Nonetheless, absent dramatic irregularities in the election context, polls focused on high visibility races are usually robust predictive tools. Obviously, this was not the case in this year's midterm elections.

Getting Real About Extreme Inequality

Paul O'Brien | Posted 11.05.2014 | Impact
Paul O'Brien

We want to build a global conversation around ending extreme inequality, and folks are already engaging. Here are some good questions I've heard since our launch, and my take.

The Global Economy Is Flying on One Engine -- But There Is Turbulence Ahead

Nouriel Roubini | Posted 11.21.2014 | World
Nouriel Roubini

If the Republican Party takes full control of the U.S. Congress in the midterm election, policy gridlock is likely to worsen, risking a rerun of the damaging fiscal battles that led last year to a government shutdown and almost to a technical debt default. More broadly, the gridlock will prevent the passage of important structural reforms that the U.S. needs to boost growth.

Economic Inequality and Educational Opportunity: Are We Talking Enough About It?

Dr. Michael J. Feuer | Posted 11.03.2014 | Education
Dr. Michael J. Feuer

The problems of widening gaps in income and educational opportunity have been much on the minds (and tongues) of scholars, journalists, and some national politicians.

Why a $90 Million Condo Is Left Empty in NYC: Ridiculously Low Property Tax Rates for Luxury Properties

Nathan Newman | Posted 10.28.2014 | Business
Nathan Newman

In many communities, yearly property taxes would encourage an owner to at least rent out a unit to cover the taxes, but in NYC, property taxes on luxury condos are actually lower as a percentage of their buying price than working-class rental units.

Most Millionaires Are 'Concerned' About Inequality

CNBC | Robert Frank | Posted 10.27.2014 | Business

Most millionaires are concerned about inequality, and nearly half support a higher minimum wage and more taxes on the rich, according to a new survey.

Which Hazard Is Better Contained: Ebola or Extreme Economic Inequality?

Timothy J. Barnett | Posted 10.27.2014 | Politics
Timothy J. Barnett

Design changes in Ebola management protocols make it highly probable that the Ebola hazard in America will be successfully contained. In contrast, the hazard of wealth-concentration policies implemented by central banks is not under containment. This problem threatens the very fabric of democratic enterprise.

How Rich Are the 400 Richest Americans and How Do They Use Their Money?

Lawrence Wittner | Posted 10.27.2014 | 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.

Income Inequality Got You Down? Do Something About It!

Steve Siebold | Posted 10.23.2014 | Small Business
Steve Siebold

The wealthy continue to see significant income and wealth gains while the majority of people are experiencing stagnant living standards. Income inequality is one of the most significant financial stories right now, and there's no end in sight.

Ben Walsh

Economists Say We Should Tax The Rich At 90 Percent

HuffingtonPost.com | Ben Walsh | Posted 10.22.2014 | Business

America has been doing income taxes wrong for more than 50 years. All Americans, including the rich, would be better off if top tax rates went back to Eisenhower-era levels when the top federal income tax rate was 91 percent, a new paper concludes.

The Richest 1 Percent of Americans Control 40 Percent of the Nation's Awesomeness

Galanty Miller | Posted 10.15.2014 | Comedy
Galanty Miller

One day we'll all be dead. And in heaven, everyone has a shitload of money. But for now, it's important that rich people acknowledge their mental deficiency. It will make the rest of our lives much easier. Or maybe Donald Trump is just naturally dumb?

Hiding in Plain Sight: Disaggregating Data to Address the Racial Divide in Education

Ben Hecht | Posted 10.14.2014 | Impact
Ben Hecht

Changing complex education systems is no easy feat. It requires patience, humility, and a willingness to honestly and openly acknowledge "what is" in order to work towards "what could be."

WATCH: Restoring an America That Has Lost Its Way

Bill Moyers | Posted 10.14.2014 | Politics
Bill Moyers

Author Bob Herbert found an America in which jobs have disappeared, infrastructure is falling apart and the "virtuous cycle" of well-paid workers spending their wages to power the economy has been broken by greed and the gap between the very rich and everyone else.

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...

How Laissez-Faire Economics Led to Inequality and Recession

Jeff Madrick | Posted 10.15.2014 | World
Jeff Madrick

The reaction of the economic mainstream to the inflationary turmoil of the 1970s was to retreat to an ideological interpretation of their fundamental ideas -- a doctrinaire reinforcement of laissez-faire economics.

Teach Your Kids How to Become Rich

Steve Siebold | Posted 10.10.2014 | Business
Steve Siebold

Even parents who have not been the most financially successful can set an example by continuing to try and teach their kids about failure and success.

Ebola Is an Inequality Crisis

Jim Wallis | Posted 10.10.2014 | Religion
Jim Wallis

So fighting Ebola means much more than simply sending funding, medicine, and personnel to West Africa to contain the outbreak. This new epidemic should re-focus us on reducing the inequality between the global North and the global South that allows crises like this one to keep happening in the developing world. We need to remain committed to dramatically reducing extreme poverty and hunger, supporting a healthy civil society in developing nations, and helping to build the long-term infrastructure that will allow the global South to effectively combat and contain future epidemics.The Ebola crisis should be an opportunity to renew and revitalize our commitment to ending massive inequality.

Hong Kong: The Future of People Power?

John Feffer | Posted 10.09.2014 | World
John Feffer

If as a result Hong Kong can democratize its institutions and equalize its economic success, the city can point the way for the country as a whole.

S4S Celebrates a Wonderful Team -- A Tribute to Grace Bennett

Alyssa Ramos-Reynoso | Posted 10.07.2014 | Impact
Alyssa Ramos-Reynoso

In only one year, Schools for Sustainability (S4S) has cultivated a beautifully dynamic team. We honor diversity as we attract support from members ...

America's Ridiculously Rich: The 2014 Edition

Sam Pizzigati | Posted 10.06.2014 | Business
Sam Pizzigati

America's top 400, Forbes revealed last week, now hold a combined net worth of $2.29 trillion. That places the average Forbes 400 fortune at $5.7 billion, an all-time record high.

Can Seattle Afford to Pay a Premium Minimum Wage?

Timothy J. Barnett | Posted 10.03.2014 | Politics
Timothy J. Barnett

With so many business-hub communities surrounding Seattle (more than a dozen not counting bedroom communities), residents desiring low-cost local services do not have to drive far to find businesses not constrained by the new minimum wage.