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 [...]

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 [...]

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 [...]

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!!

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Screwed – The Undeclared War Against The Middle Class

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Educate yourself! Radio host and bestselling author Thom Hartmann reveals the covert war conservatives, and corporations are waging against America’s middle class. A war that’s essentially oppressing 99% of the country and decreasing class mobility. This book looks for answers: How did it happen? Who is responsible? How can we change what is happening? Thom Hartmann explains how and why the middle class is being destroyed. This book that should [...]

The New Inequality Is Wealth, Not Income

Director of the Asset Building Program, New America Foundation 

 

Even before the Great Recession hit, a number of researchers and academics were sharing observations on the divergent paths of those in the middle and on the bottom compared to those at the top and very top. Median wages have been relatively stagnant, and, more importantly, had become divorced from productivity gains. [...]

“The Fight-Back Has Begun” to Reclaim the American Dream

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by: Isaiah J. Poole , Campaign for America’s Future | Op-Ed |

An email the Campaign for America’s Future sent to its supporters a few weeks ago with the subject line “How Would You Take Back The American Dream?” kicked off a lively debate on a listserv of progressive activists. What do you mean when you say “the American Dream?” How do you—and for that matter, [...]

How Socialists Built America

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| By John Nichols | | April 16, 2011 “The Nation” | — If there’s one constant in the elite national discourse of the moment, it is the claim that America was founded as a capitalist country and that socialism is a dangerous foreign import that, despite our unwarranted faith in free trade, [...]

Michael Moore: The Execs at GE Are Laughing at What a Bunch of Suckers We Are for Filing Our Taxes — Let’s Make Them PAY

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The joke’s on us, folks. GE and tons of other corporations will have a tax bill for 2010 of ZERO.

Friends,

Do you wonder (like I do) what the tax accountants and executives are doing over at GE this weekend? Frantically rushing to fill out their IRS returns like the rest of us?

Hardly. They’re taking the weekend off to throw themselves a big party and have [...]