Federal Reserve Survey Shows Wealth Inequality Worsening

By: Friday September 5, 2014 9:25 am

The wealth share of the top 3% climbed from 44.8% in 1989 to 51.8% in 2007 & 54.4% in 2013 http://t.co/xi2eS5479H — Mark Price (@price_laborecon) September 5, 2014 Yet more evidence there is no “recovery” for most Americans. According to the  Federal Reserve Survey of Consumer Finances the rich are siphoning off even more wealth [...]

Study: When States Lower Business Costs They Contribute To Wealth Inequality

By: Thursday July 17, 2014 6:59 am

When state governments try to create a better business climate they run the risk of encouraging a more stratified society, according to a new study by David Neumark and Jennifer Muz of the University of California. The study compares two different policy approaches to improve the business climate of a state – those that attempt [...]

Obama Backs Away From Inequality Debate To Comfort Corporate Democrats

By: Monday July 7, 2014 7:44 am

Months ago it was “the defining issue of our time”  today it’s a hazy memory of a dreamy talking point. According to the Washington Post, President Barack Obama has “largely abandoned” talking about wealth inequality in America to appease corporate Democrats worried about losing support from the wealthy contributor class. So instead of taking on [...]

Record Student Debt Exacerbating Wealth Inequality

By: Friday March 28, 2014 10:49 am

As US student debt soars to the $1 trillion mark researchers are finding that the phenomenon is having long term deleterious effects on society. Namely the increases in student debt is widening the already massive wealth gap in America. The logic of the findings is hard to dispute – people paying out funds to service [...]

Billionaire Ken Langone Who Funded Elliot Spitzer Takedown Operation Claims Liberals Are Like Hitler

By: Tuesday March 18, 2014 8:35 am

Ken Langone: So rich he can afford to fire anybody who would tell him not to say stupid s–t in public http://t.co/CRtkfV2tWI — Glenn Thrush (@GlennThrush) March 18, 2014 Billionaire Ken Langone is the latest 1%er to join the ranks of the abysmally stupid that gain entry by making ridiculous statements about Nazi Germany and [...]

Report: 85 Richest People Have More Wealth Than Poorest Half Of The World

By: Tuesday January 21, 2014 5:47 am

According to a new report by Oxfam titled Working For The Few the wealth of the 1% richest people in the world amounts to $110 trillion, or 65 times as much as the poorest half of the world. Notably Oxfam does not buy into the nonsense about technology and education leading to yawning gaps in [...]

It’s Official, Congress Is Run By Millionaires

By: Friday January 10, 2014 7:49 am

Next time you wonder why Congress is so out of touch with the average American – don’t. According to financial disclosures, for the first time in history Congress is now majority millionaire. The 1% don’t just own the government, they operate it. Of 534 current members of Congress, at least 268 had an average net [...]

Murdoch’s Wall Street Journal Makes Dishonest Arguments Against Inequality

By: Friday January 3, 2014 9:55 am

The long slog by activists – within and without of the Occupy Wall Street Movement – to bring the question of wealth inequality to the center of the American political debate has finally succeeded. Even President Obama has now called inequality the defining issue of our time. This has, not surprisingly, driven the trickle-down economics/Neoliberal [...]

Average Americans Still Have Not Recovered From Crash

By: Friday May 31, 2013 5:59 am

According to a new study by the Federal Reserve, American households have regained less than half of the wealth lost during the recession. While the wealthiest have actually gained since the crash the 99% are still not nearly whole. From the peak of the boom to the bottom of the bust, households watched a total [...]

Top 100 Richest People Now $241 Billion Richer

By: Thursday January 3, 2013 5:20 am

Sometimes it seems like the system is rigged and the rich just keep getting richer – it seems that way for a reason, it’s true. From the Los Angeles Times: The richest people on the planet got even richer in 2012, adding $241 billion to their collective net worth, according to the Bloomberg Billionaires Index, [...]

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