Incomes Flat in Recovery, but Not for the 1%
By ANNIE LOWREY Published: February 15, 2013
WASHINGTON — Incomes rose more than 11 percent for the top 1 percent of earners during the economic recovery, but not at all for everybody else, according to new data.
The numbers, produced by Emmanuel Saez, an economist at the [...]
4 Charts that Show How Rising Income Inequality Increases Pessimism
SOURCE: AP/Evan Vucci
Occupy DC protesters watch morning commuters walk through McPherson Square in Washington on Monday, December 5, 2011. The income gap between the rich and everyone else is large and getting larger, while middle-class incomes stagnate. This has raised concerns that the nation’s middle class isn’t sharing in economic growth as it has in the past, and [...]
5 Charts that Show How Increasing Income Inequality Leads to Less Opportunity
SOURCE: AP/ Marcio Jose Sanchez
If there is high income inequality, children will likely experience low economic mobility and opportunity as adults.
By Nick Bunker | December 5, 2012
High levels of income inequality are associated with low levels of economic mobility, argues University of Ottawa economist Miles Corak in a new report [...]
Income inequality in the United States
From Wikipedia, the free encyclopedia
Distribution of income in the United States has been the subject of study by scholars and institutions. Data from a number of sources  indicate that income inequality has grown significantly since the early 1970s,
Economic Inequality Quotes
When you say fiscal responsibility, it seems to me that you really mean rich people keeping their money. —Alice Adams
I will always have enough money to last the rest of my life…as long as I don’t buy anything. —Ed Asner, Postal Press Association Conference, 8/2/03
Every year, the compensation representatives at the various plants were instructed to compute and estimate the Workmen’s Compensation costs [...]
Wednesday, 03 October 2012 By Amy B Dean, Truthout | Op-Ed
An Interview With Authors Donald Barlett and James Steele.
(Photo: Mike Hiatt / Flickr)The outsourcing of good jobs, the elimination of pensions, rampant home foreclosures; skyrocketing higher education costs and mounting debt: Given these stark realities, the American middle class seems to be sinking fast. The renowned reporting team of Donald Barlett and [...]
—By Kevin Drum
|| Wed Oct. 3, 2012 9:13 AM PDT ||
I’ve mentioned before my rough-and-ready theory of the 2008 financial crisis:
Income inequality goes up.
As a result, earnings of the middle class become sluggish….
And earnings of the rich skyrocket, a trend reinforced by lower tax rates on both labor and capital income.
Rich people eventually run out of sensible things to invest all [...]
Wednesday, September 19, 2012
Laurel Brown Senior Writer, BuddyTV
There are only a few things in this world we can depend on. Death. Taxes. Jon Stewart skewering a presidential candidate who makes a potentially career-ending statement on camera.So obviously Jon Stewart had to talk about Mitt Romney’s 47-percent statement on The Daily Show. What other choice did he have? And what other hilarious, insightful [...]
Kind of a silly video, but worth a watch as it does lay out some of the primary causes of middle class decline in the U.S.
Misconceptions and Realities About Who Pays Taxes
By Chuck Marr and Chye-Ching Huang || Updated September 17, 2012 || Center on Budget and Policy Priorities
Close to half of U.S. households currently do not owe federal income tax. The Urban Institute-Brookings Tax Policy Center estimates that 46 percent of households will owe no federal income tax for 2011.  A widely cited figure [...]