The 1% experiences income growth while the 99% struggles


Incomes Flat in Recovery, but Not for the 1%

By 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 [...]

Economic inequality will make you a pessimist

Why It Matters Income Inequality

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 [...]

Income Inequality = Less Opportunity


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 [...]

A Wiki report on Income Inequality in the U.S.

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 [1] indicate that income inequality has grown significantly since the early 1970s,

More on Inequality


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 [...]

The Betrayal of America’s Middle Class Was a Choice, Not an Accident


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 [...]

Income Inequality and the Great Crash of 2008



|| 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 [...]
  • Jon Stewart and ‘The Daily Show’ Take on Mitt Romney and the 47 Percent… Of Course


    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 [...]

    Who killed the middle class?


    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.

    Do the rich really pay an unfair share?


    Misconceptions and Realities About Who Pays Taxes

    By Chuck Marr and Chye-Ching Huang || Updated September 17, 2012 || Center on Budget and Policy Priorities

    Executive Summary

    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. [1]   A widely cited figure [...]