A 2014 report (in English) entitled Wealth Inequality in the United States Since 1913: Evidence From Capitalized Income Tax Data by Emmanuel Saez, Department of Economics, University of Calfornia, Berkeley, and Gabriel Zucman, Department of Economics, London School of Economics and Political Science, explaining in great detail the extent of the … Continue reading
Category Archives: Inequality
8 Men as Wealthy as 3.5 Billion People
January 15,2017 OXFAM reports that new estimates show that just eight men own the same wealth as the poorest half of the world. Yes, 8 men versus 3.5 billion people. Coincidentally no doubt, their native languages coincide with the first and last truly global empires since 1492.
Extreme Poverty Worse For Men
April 3, 2016 Writing for the U.S. Bureau of Labor Statistics, Eleni Karageorge reports that researchers in the National Bureau of Economic Research have found that men who experienced poverty as children suffered greater economic consequences than women who grew up in poverty. Gender differences in employment rates varied. Among … Continue reading
OXFAM Inequality 2016
January 18, 2015 According to a new report from OXFAM: • In 2015, just 62 individuals had the same wealth as 3.6 billion people – the bottom half of humanity. This figure is down from 388 individuals as recently as 2010. • The wealth of the richest 62 people has … Continue reading
President Obama on Inequality
October 23, 2015 Excerpt of President Obama’s full remarks on mobility and inequality on December 4, 2013. …I believe this is the defining challenge of our time: Making sure our economy works for every working American. It’s why I ran for President. It was at the center of last year’s … Continue reading
Distribution of Wealth
There’s a rapidly widening gap in the distribution of income and wealth. The latest census data depict a collapsing middle class (this video details how it happened and its ramifications), high underemployment, low (and declining) labor participation, and rising outlays for disability, food stamps and low-income tax credits. Alarming as … Continue reading
Poverty and Wealth
“The first man who, having fenced in a piece of land, said “This is mine,” and found people naïve enough to believe him, that man was the true founder of civil society. From how many crimes, wars, and murders, from how many horrors and misfortunes might not any one have … Continue reading