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,

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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 [...]

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.

    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 [...]

    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 [...]

    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. [...]