The 1% experiences income growth while the 99% struggles

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Incomes Flat in Recovery, but Not for the 1%

By Published: February 15, 2013

WASHINGTON — Incomes rose more than 11 percent for the top 1 percent of earners during the economic recovery, but not at all for everybody else, according to new data.

The numbers, produced by Emmanuel Saez, an economist at the [...]

Economic inequality will make you a pessimist

Why It Matters Income Inequality

4 Charts that Show How Rising Income Inequality Increases Pessimism

SOURCE: AP/Evan Vucci

Occupy DC protesters watch morning commuters walk through McPherson Square in Washington on Monday, December 5, 2011. The income gap between the rich and everyone else is large and getting larger, while middle-class incomes stagnate. This has raised concerns that the nation’s middle class isn’t sharing in economic growth as it has in the past, and [...]

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 [...]
  • 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.

    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 [...]

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

    republican-corruption

    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 [...]

    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.

    [...]

    Inequality = Unhealthy Economy

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    Why Economic Inequality is Not Good for the Economy

    by ROB URIE

    The nineteenth and twentieth centuries saw multiple discourses on the relationship between concepts of ‘truth’ and power—social, political and economic. The ‘view from nowhere,’ the rhetorical device of science and economics used to claim that truth exists in ‘the world’ outside of social relations has faced challenges from Marxian materialists, phenomenologists, cultural anthropologists and post-modern deconstructionists. It persists [...]