Federal Reserve Survey Shows Wealth Inequality Increasing

By: Friday September 5, 2014 10:49 am

Yet more evidence there is no “recovery” for most Americans. According to the Federal Reserve Survey of Consumer Finances the rich are siphoning off even more wealth from the country than they were previously. The top 3% now control over 54% of the wealth. Yes, a relative handful of people own more than half of all the wealth in the country.

The Fed also notes that the overall increase in income are not from gains by the middle and lower classes but the immensity of the wealthy’s gains dragging up the average.

 

Piketty and His Critics Chapter 4: Netroots Nation

By: Sunday July 20, 2014 11:15 am

We are losing the class war because we are not fighting the class war.

Study: When States Lower Business Costs They Contribute to Wealth Inequality

By: Thursday July 17, 2014 7:55 am

From a policy making perspective this does not mean states should never try to create a better business climate by lower business costs, but it does mean the trade-off between growth and inequality should be factored into that policy making process. It should be understood that the price of lowering business costs is not just less tax revenue but also increased inequality.

Obama Backs Away From Inequality Debate To Comfort Corporate Democrats

By: Monday July 7, 2014 10:07 am

Chalk another win up for the cynics who never bought for a moment that Obama was going to betray the people whom he has been serving loyally for the last five years. Even if Obama really desired to change things – something there is little evidence for – the game is rigged. As long as money dominates American politics moneyed interests will be dominant.

Piketty on Class Structure

By: Sunday May 11, 2014 10:40 am

How do you explain wealth inequality to people in a non-threatening way, with a view to moving people away from neoliberal gibberish and towards a solution which involves dramatic increases in taxation of the filthy rich?

Record Student Debt Exacerbating Wealth Inequality

By: Friday March 28, 2014 2:00 pm

As US student debt soars to the $1 trillion mark researchers are finding that the phenomenon is having long term deleterious effects on society. Namely the increases in student debt is widening the already massive wealth gap in America.

Billionaire Ken Langone Who Funded Elliot Spitzer Takedown Operation Claims Liberals Are Like Hitler

By: Tuesday March 18, 2014 1:22 pm

Billionaire Ken Langone is the latest 1%er to join the ranks of the abysmally stupid that gain entry by making ridiculous statements about Nazi Germany and contemporary American politics. Langone should really know better being an active participant in politics both in destroying former New York Governor Elliot Spitzer by funding private investigators and operatives like Roger Stone as well as being a central fundraiser for Governor Chris Christie (back when that was still a thing).

Report: 85 Richest People Have More Wealth Than Poorest Half Of The World

By: Tuesday January 21, 2014 6:47 am

According to a new report by Oxfam titled Working For The Few the wealth of the 1% richest people in the world amounts to $110 trillion, or 65 times as much as the poorest half of the world. Notably Oxfam does not buy into the nonsense about technology and education leading to yawning gaps in wealth inequality but properly notes that abuses of power and thievery are principally to blame.

It’s Official, Congress Is Run by Millionaires

By: Friday January 10, 2014 11:55 am

Next time you wonder why Congress is so out of touch with the average American – don’t. According to financial disclosures, for the first time in history Congress is now majority millionaire. The 1% don’t just own the government, they operate it.

Murdoch’s Wall Street Journal Makes Dishonest Arguments Against Inequality

By: Friday January 3, 2014 5:01 pm

The news outlets catering to the market fundamentalists have begun to attack the idea that there even is inequality.

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