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,

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

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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

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

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    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?

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    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.

    The Truth About Taxes

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    Basics

    The income tax on individuals and the payroll tax, which is deducted from workers’ wages and used to help finance Social Security and Medicare, each made up about 40 percent of federal revenues in 2010. The federal government also collects revenue from corporate taxes, excise taxes, and other sources.

    Policy Basics: - The Child Tax CreditThe 2001 and 2003 Tax CutsWhere Do Our Federal Tax Dollars Go?The Estate [...]

    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 [...]

    Why are American Politics so Polarized?

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    – By Jeff Brittain

    Whether it is beneficial or detrimental to policy-making it is undeniable that polarization, combined with super-majority requirements, makes policy-making more complicated and difficult to undertake. Considering that both a polarized party system and super-majority requirements are firmly rooted in American Politics, it is important to understand whether their effects on policy-making are negative or positive. While some argue that these features of American [...]

    10 Things Republicans Don’t Want You to Know About Taxes

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    By Avenging Angel

    Tax Day 2012 has been a busy one for the propagandists of the Republican Party.  After the GOP successfully filibustered the Buffett Rule in the Senate, House Speaker John Boehner claimed that Republicans are “listening to the American people.”  Of course, what Boehner, Mitch McConnell, Mitt Romney and their allies don’t mention is that the Democratic proposal to implement a minimum 30 percent tax [...]

    Joseph E. Stiglitz | The Price of Inequality

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    By Joseph E Stiglitz, Project Syndicate | News Analysis

    In Joseph E. Stiglitz’s new book, ”The Price of Inequality: How Today’s Divided Society Endangers Our Future,” the Nobel Prize-winning economist argues that there is a price to be paid for economic inequality. 

    New York – America likes to think of itself as a land of opportunity, and others view it in much the same light. But, while [...]