Posts Tagged ‘wealth’
Inequality in America
Inequality Nation; The American Dream Isn’t Dead, But It’s Dying by Progressive Populist By Brad Hennigan We’ve seen the stats. Wage growth for 70% of American workers has stagnated or declined over the last decade, while productivity has dramatically increased. During the same period, income growth for top earners, particularly the top 1%, has grown to the point that since the Great Recession, 95% of all new wealth generated in the U. S. has gone to 1% of its population. But how did ... Full Story
Welcome to Ayn Rand Planet
Why the Rich Prosper from the Stock Market While We Get Screwed By Les Leopold On Planet Rand, the stock-market boom is a wonderful thing precisely because it rests upon the recent rise in corporate profits. March 11, 2013 | This morning I received an email blast form Amazon. It was pushing The Fountainhead and Atlas Shrugged, the old and new testament of the Ayn Rand nation, which includes much of the Tea Party and its Republican allies. How appropriate to be promoting Ayn ... Full Story
Romney: another big lie
4 Pinocchios for a truncated, 14-year-old Obama clip Just as we have not been very impressed about many of the Obama campaign’s claims about Mitt Romney’s business career many years ago, we were not initially that impressed with the Romney campaign’s effort to dredge up a 14-year-old quote to demonstrate that President Obama wants to “redistribute wealth.” The clip was so old — he was just a state senator — and the context was rather ... Full Story
Confessions of a Former Republican
Joining the Reality-Based Community Or How I Learned to Stop Loving the Bombs and Start Worrying By Jeremiah Goulka I used to be a serious Republican, moderate and business-oriented, who planned for a public-service career in Republican politics. But I am a Republican no longer. There’s an old joke we Republicans used to tell that goes something like this: “If you’re young and not a Democrat, you’re heartless. If you grow up and you’re not a ... Full Story
Obama not a Sociaist
Is Obama a Socialist? By Tom Head, About.com Guide Answer: Not by any definition of the term that mainstream socialists would consider acceptable. It's true that both the Bush and Obama administrations introduced government subsidies in industries that the government has not historically subsidized to the same extent, but this is not, strictly speaking, a socialist move because it does nothing to concentrate power over the businesses in the ... Full Story
Julian Assange-Wikileaks
Who Is So Hell-Bent On Getting Assange? By Paul Sedkowsk Julian Assange is not a US citizen, and yet some influential Americans are calling him a "traitor" and trying to pin "espionage" on him. WikiLeaks has published information about virtually all the major governments and corporations around the world, and yet he's portrayed as specifically "Anti-American," without a shred of proof to that effect. He's a publisher, yet they insist ... 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 million. Over the ... 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 percent. The two questions are ... Full Story
Message: Bake a bigger Occu(pie)
By Carlo Filice With the various Occupy Wall Street demonstrations, talk of economic and social fairness is in the air. Demonstrators are complaining about the vast inequalities in wealth and political influence between the rich 1 percent or so and the remaining 99 percent. Are the complaints morally legitimate? A key point must be made. Wealth (and influence) inequality per se does not mean unfairness. One analogy is the classroom. Inequality of grades does not imply ... Full Story
The wealthy’s rewards
The study that shows why Occupy Wall Street struck a nerve By Eugene Robinson Opinion writer The hard-right conservatives who dominate the Republican Party claim to despise the redistribution of wealth, but secretly they love it — as long as the process involves depriving the poor and middle class to benefit the rich, not the other way around. That is precisely what has been happening, as a jaw-dropping new report by the nonpartisan Congressional ... Full Story
