Income Inequality and the Great Crash of 2008



|| 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 [...]
  • Where do you stand? Is this system fair?


    Check out more great info on inequality from!

    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 [...]



    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,

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


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    Cancel my subscription To the resurrection Send my credentials to the House of detention I got some friends inside…

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    The young people protesting in Wall Street and beyond reject this vain economic order. They have come to reclaim the future.