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Tag: income inequality

The Planet’s 500 Richest People Added $1.8 Trillion to Combined Wealth in 2020 Amid Warnings of Surging Worldwide Poverty

Posted by on January 3, 2021 in Economy with 0 Comments
The Planet’s 500 Richest People Added $1.8 Trillion to Combined Wealth in 2020 Amid Warnings of Surging Worldwide Poverty

Bloomberg’s year-end report on the wealth of the world’s billionaires shows that the richest 500 people on the planet added $1.8 trillion to their combined wealth in 2020, accumulating a total net worth of $7.6 trillion. #wealthInequality #WealthGap

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Study Shows Richest 1% of Americans Have Taken $50 Trillion From Bottom 90% in Recent Decades

Posted by on September 21, 2020 in Economy with 0 Comments
Study Shows Richest 1% of Americans Have Taken $50 Trillion From Bottom 90% in Recent Decades

New research published Monday found that the top 1% of U.S. income earners have taken $50 trillion from the bottom 90% over the past several decades #wealthinequality

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Six Big Losers in Our ‘Booming’ Economy

Posted by on January 30, 2018 in Economy with 0 Comments
Six Big Losers in Our ‘Booming’ Economy

While stocks doubled, 18% more kids fell into poverty. The U.S. has taken nearly half of the world’s new wealth since the 2008 recession, and the stock market more than doubled from 2008 to 2014, but the number of children living below the federal poverty threshold increased by 18 percent during that same timeframe.

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Poverty in the U.S. Is Both a Political and a Moral Choice Made By the Powerful

Posted by on December 27, 2017 in Corruption, Government, Policies, Politics with 0 Comments
Poverty in the U.S. Is Both a Political and a Moral Choice Made By the Powerful

International law affirms that everyone has the right to an adequate standard of living, including health care, food, work, and social protection in times of need. While these rights are often trampled upon by more repressive regimes, among the economically developed democracies the U.S. is virtually alone in callously disregarding them. It stands out in the extent to which it allows its citizens to suffer from food insecurity, homelessness, lack of access to affordable healthcare, and lack of suitable housing. Due to cutbacks in basic services, poverty has become a trap—a trap into which anyone can fall, and from which it is extremely hard to escape.

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Why Income Inequality Will Get Worse Before It Gets Better and What You Can Do About It

Posted by on June 28, 2016 in Economy with 4 Comments
Why Income Inequality Will Get Worse Before It Gets Better and What You Can Do About It

Regarding income inequality, it’s important to remember there’s light at the end of the tunnel for anyone who works hard and focuses on the fundamentals of sound money management.

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Inequity Grows: The Richest 20 Now Own More Than Half The Population

Posted by on December 3, 2015 in Economy with 10 Comments
Inequity Grows: The Richest 20 Now Own More Than Half The Population

How much is enough? How long will people stand for these atrocious inequalities? Questions the author asks now that it is brought to the public’s attention that only a few of wealthiest people on the planet has more than half of the Earth’s population.

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World At A Crossroads: Stop The Fast Track To A Future Of Global Corporate Rule

Posted by on March 12, 2015 in Corruption, Government with 0 Comments
World At A Crossroads: Stop The Fast Track To A Future Of Global Corporate Rule

As globalization begins its third decade, the question before us is, do we want corporate rule or people’s rule? Is the wealth of a few more important than human rights? What can be done to empower people? Should the nation-state become a thing of the past and corporate sovereignty reign, or is there another path? This is a debate that cannot be fast tracked; it must be brought into the open before trade agreements cement corporate rule for decades to come. We urge people to put their effort into stopping fast track legislation in Congress. This will not be easy because it is high on the president’s agenda, many pro-business legislators and entities like the Chamber of Congress. It can only be stopped if people work together persistently to oppose it.

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Walmart Workers Worldwide Call out World’s Richest Family for ‘Shameful’ Labor Practices

Posted by on November 19, 2014 in Economy with 0 Comments
Walmart Workers Worldwide Call out World’s Richest Family for ‘Shameful’ Labor Practices

‘The Waltons are at the center of the income inequality problems that are hurting the global economy and all of our families,’ says worker

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The Curse of ‘American Exceptionalism’

Posted by on July 17, 2014 in Government with 0 Comments
The Curse of ‘American Exceptionalism’

Conservatives – and too often, what passes for liberals here in the USA – have been using the notion of ‘American exceptionalism’ to justify a wide range of criminal and near criminal activity. We’re exceptional, alright, but not in the way we think. Here’s 8 ways we’re exceptional – exceptionally bad.

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What Do Billionaires Ask About the People They Exploit?

Posted by on June 5, 2014 in Economy with 0 Comments
What Do Billionaires Ask About the People They Exploit?

As the US loses its status as the globe’s number one economic power, a few Americans are amassing staggering wealth. What will become of the rest of us?

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Income Inequality: 90 Years Down the Drain

Posted by on April 11, 2014 in Economy with 0 Comments
Income Inequality: 90 Years Down the Drain

The growing inequality problem is not just about our weekly pay. Average Americans have lost wealth from home values, pensions, savings, and total assets, and our broken economy prevents them from making up any ground. Meanwhile, the wealthy elite have seen larger and larger income gains, and they’ve stashed billions away in property, savings, and various types of low-or-no-tax investments.

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Fast Track to Income Inequality

Posted by on February 4, 2014 in Government, Politics with 0 Comments
Fast Track to Income Inequality

Corporate interests were fiercely lobbying for President Obama to dedicate serious time in this State of the Union speech to pushing fast track and the Trans-Pacific Partnership (TPP) in order to try to overcome growing congressional and public opposition to both, but instead he made only a brief passing reference. The White House had come under considerable pressure from congressional Democrats and base groups not to raise these issues, given the stark conflict with the main theme of Obama’s speech. Implementing TPP – a NAFTA-on-steroids with 11 nations – would undermine Obama’s efforts to battle income inequality.

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Obama’s State of the Union Address Failed to Look at Roots of Income Inequality

Posted by on January 29, 2014 in Politics with 0 Comments

TRNN: Obama’s address failed to look at roots of income inequality. President Obama’s State of the Union address focused on expanding economic opportunities by raising the minimum wage, making college more affordable and increasing economic mobility… During the previous five years of the current economic recovery income and wealth inequality has not only increased, but accelerated. That’s according to economist Thomas Hickey and Emmanuel Saez. Joining TRRN to unpack all this is David Cay Johnston. He’s a pulitzer prize-winning investigative reporter and a contributing editor to Newsweek…

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