Posts Tagged ‘inequality’
Bye, Bye American Dream!
Bye, Bye American Dream! U.S. Economic Inequality Is Permanent, Study Finds By Steven Rosenfeld Analysis of two decades of income tax trends also find the rich consume more. A new study by a team of economists in academia and the government has concluded that economic inequality is a permanent—not temporary—feature in the United States, based on an analysis of 350,000 federal income tax returns between 1987 and 2009. “For household income, both before and after taxes, ... Full Story
Who are the 1%, Vote Now
Know the Facts In just the last generation, the richest 1% almost quadrupled their incomes. The average wealth of the 1% is 225 times bigger than the wealth of the typical household – the highest it’s ever been. Three decades ago, CEOs made about 40 times as much as an average worker – now CEOs make almost 200 times as much as regular employees. Last year, half of Americans earned less than $26,000 while CEOs at top 500 companies raked in an average of $11 ... Full Story
Inequality: A collision is coming
Inequality, unemployment and unresponsive government: A collision is coming By Robert B. Reich 6:00 a.m. EST, November 9, 2011 The biggest question in America these days is how to revive the economy. The biggest question among activists now occupying Wall Street and dozens of American cities is how to strike back against the nation's almost unprecedented concentration of income, wealth and political power in the top 1 ... Full Story
With Liberty and Justice for Some
By :Glenn Greenwald Book Excerpt As a litigator who practiced for more than a decade in federal and state courts across the country, I’ve long been aware of the inequities that pervade the American justice system. The rich enjoy superior legal representation and therefore much better prospects for success in court than the poor. The powerful are treated with far more deference by judges than the powerless. The same cultural, socioeconomic, and demographic ... Full Story
