A Guide to Statistics on Historical Trends in Income Inequality

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By Chad StoneHannah ShawDanilo Trisi and Arloc Sherman ||

Some very interesting data compiled by the Center on Budget and Policy Priorities….

The broad facts of income inequality over the past six decades are easily summarized:

  • The years from the end of World War II into the 1970s were ones of substantial economic growth and broadly shared prosperity.
    • Incomes grew rapidly and at roughly [...]

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 [...]

Elizabeth Warren attacks Romney’s policies for middle class

Elizabeth Warren, candidate for the U.S. Senate in Massachusetts, addresses the second session of the Democratic National Convention in Charlotte

September 05, 2012|Samuel P. Jacobs | Reuters

CHARLOTTE, North Carolina (Reuters) – Locked in one of the costliest and most consequential statewide contests in the country, Elizabeth Warren largely ignored her own campaign Wednesday night to paint President Barack Obama as a populist up against a Republican who has sided with plutocrats.

A candidate for the U.S. Senate in Massachusetts, Warren was chosen by the Democratic Party to appear on [...]

Romney and Ryan’s Economic Plan

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How Romney Keeps Lying Through His Big White Teeth By Robert Reich

Tuesday August 28, 2012

“We’re not going to let our campaign be dictated by fact-checkers,” says Neil Newhouse, a Romney pollster.

Presumably the Romney campaign continues its false claims because they’re effective. But this raises a more basic question: How can they remain effective when they’ve been so overwhelmingly discredited by the media?

The answer is the [...]

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 [...]

Is High Economic Inequality Ethical?

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It is widely known that the rise of globalization has led to large disparities in the wealth and incomes of the countries and citizens of the world. The trend of rising economic inequality has been caused primarily by these major structural changes in the global economic system, induced by new technologies and innovations. Regardless, the growing gap between the rich and the poor is of dire concern. [...]

Joseph Stiglitz explains how inequality hurts the US economy

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Stiglitz insists that increasing inequality in the United States comes from a breakdown of the political and economic systems. Failure to hold any banker accountable for actions that contributed to the recent economic crisis is a prime cause. The current level of inequality increases instability, reduces productivity, and undermines democracy. He shows that the consequences include a monopolistic redistribution powerful enough to have caused massive distortions in the U.S. [...]

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.

[...]

How does economic inequality affect your health?

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Thanks again inequality.org!

Inequality and Health

How does inequality and health relate? Increasing evidence from scientists the world over indicates that many health outcomes — everything from life expectancy to infant mortality and obesity — can be linked to the level of economic inequality within a given population. Greater economic inequality appears to lead to worse health outcomes.

By greater inequality, epidemiologists — the scientists [...]