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 [...]

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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 [...]

Income Inequality and the Great Crash of 2008

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—By 

|| 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 [...]
  • Data & Statistics on Inequality

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    Thank you to the folks at Inequality.org for providing this great information!

    Inequality data and statistics give us an important insight into the state of our economy and the health of our society.

    In this section, we offer quick takes on economic inequality, as categorized in five key areas: income, wealth, global, health, and racial. In each category, we chart some inequality statistics and discuss the basic [...]

    Elizabeth Warren, Class Warrior of the week!!

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    Wow, she is running for congress. It would be great to have someone in there who isn’t afraid to tell it like it is. Lets all rally behind Elizabeth Warren! She understands the problems, the causes, and what we need to do going forward!

    Elizabeth Warren to middle class: ‘The system is rigged’

    Published September 05, 2012 | Fox News

    Elizabeth Warren, trying to win a Senate seat in [...]

    Worsening wealth inequality by race

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    By Tami Luhby @CNNMoney June 21, 2012: 1:09 PM ET

    The Great Recession has widened the wealth gap, and race is a major factor.

    NEW YORK (CNNMoney) — White Americans have 22 times more wealth than blacks — a gap that nearly doubled during the Great Recession.

    The median household net worth for whites was $110,729 in 2010, versus $4,995 for blacks, according to recently released Census Bureau figures.

    [...]

    Where do you stand? Is this system fair?

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    Check out more great info on inequality from inequality.org!

    Wealth Inequality

    Wealth inequality can be described as the unequal distribution of assets within a population. The United States exhibits wider disparities of wealth between rich and poor than any other major developed nation.

    Defining Wealth

    We equate wealth with “net worth,” the sum total of your assets minus your liabilities.

    Examples of assets: checking and savings accounts, vehicles, a home that [...]

    CLASS WARRIOR OF THE WEEK: Robert B. Reich

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    REICH has spent years fighting for the middle class. He as written many books, educates students about the issues, and produces a highly informative blog, RobertReich.org

    Don’t forget to check out his new book!!

    [...]

    Policing the Prophets of Wall Street

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    By Amy Goodman ||

    The Occupy Wall Street protest grows daily, spreading to cities across the United States. “We are the 99 percent,” the protesters say, “that will no longer tolerate the greed and corruption of the 1 percent.”

    The response by the New York Police Department has been brutal. Saturday, the police swept up more than 700 protesters in one of the largest mass arrests in U.S. [...]

    Van Jones on America’s Uprising: It’s Going To Be an Epic Battle

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    Jones talked to AlterNet about the growing social movements for change, running real progressives in 2012, and how we can train a million new leaders. || October 4, 2011 ||

    As the grassroots sit-ins and marches that originated as Occupy Wall Street spread to other cities, Van Jones, lead evangelist for the American Dream movement, took the stage Monday at a Washington, DC hotel where organizers of the [...]