Income inequality
Economic inequality refers to how economic metrics are distributed among individuals in a group, among groups in a population, or among countries. Economists generally think of three metrics of econom...
Income inequality - Wikipedia
The Wealthy Have Healed From Recession. The Poor Haven't Even Started.
The Great Recession and the subsequent recovery from it have deepened the wedge between the very wealthy and everyone else in America, plunging the poor deeper into debt and wiping out two-fifths of t...
Goldman Sachs Hired Prostitutes To Win Libyan Business, Court Told
Wall Street Bank disputes allegations by Libyan sovereign wealth fund that it paid for the women, as well as private jets and five-star hotels
The Huge 'Panama Papers' Data Dump Is About To Drop
The ICIJ said it would "publish what will likely be the largest-ever release of information about secret offshore companies and the people behind them."
The Trans Pacific Partnership (TPP): The Most Criminal Treaty In History
As of 5 October 2015, a super-secret 12-nation treaty called TPP is set to be signed by the 12 nations, and the terms of this massive international contract will be kept secret until the contract h...
Love Trumps Hate | Bernie Sanders
When we stand together, there is nothing we cannot accomplish. --------- ★ Join the political revolution at www.berniesanders.com ★ Connect with Bernie:
Rich Men's Paychecks Are Getting Fatter While Poor Are Paid Less
Marco Rubio's campaign has a new strategy to block Donald Trump from winning Ohio's coveted, winner-take-all delegate haul: urging Ohio Republicans to vote for their governor John Kasich. At a press c...
Wage Stagnation in Nine Charts
Our country has suffered from rising income inequality and chronically slow growth in the living standards of low- and moderate-income Americans. This disappointing living-standards growth—which was i...
Boy Wearing Plastic 'Messi' Jersey Found
A young boy wearing a striped plastic bag with scrawled name of his football idol has been located in Afghanistan. "When he suddenly wakes up in the middle of the night, he starts crying that he wants...
The World’s 62 Richest People Hold As Much Wealth As The Bottom 3.5 Billion, New Report Says
Wealth is becoming more concentrated among an elite slice of the global population, according to a report released Monday by antipoverty advocacy group Oxfam International. The top 1% of the world's p...
LIVE: Students Take Over Campuses Demanding Free College
The nationwide free college protest is happening at over 120 campuses today. An unprecedented wave of action is sweeping across 120 college campuses today. Participants in the nationwide “Million Stu...
Labor Unions Aren't Just Helpful — They Might Be 'Necessary'
Through boom and bust, the American worker has been faced by two trends over the past few decades: the percentage of workers that are members of labor unions has decreased and the American middle clas...
Hawaii Governor Declares Homelessness 'State Of Emergency'
The state saw a 23 percent increase in its homeless population between 2014 and 2015. Hawaii Gov. David Ige has declared a state of emergency to deal with the state's homelessness crisis just days aft...
Historian Says Don't 'Sanitize' How Our Government Created Ghettos
Fifty years after the repeal of Jim Crow, many African-Americans still live in segregated ghettos in the country's metropolitan areas. Richard Rothstein, a research associate at the Economic Policy In...
The American Dream Is A Myth, Says Nobel-Prize Winner Joseph Stiglitz
It has become increasingly difficult for Americans to climb the economic ladder, says Joseph Stiglitz, a Nobel-prize winning economist. The U.S. has one of the highest levels of income inequality amon...
L.A.'s Culture War Over the Last True Skid Row in America - Los Angeles
"Yo!" A black man in a filthy, yellow, collared shirt lies sprawled out in the middle of the Sixth Street sidewalk, out cold. No more than four inches f...
Tax Policy and Economic Inequality in the United States
The provisions of the United States Internal Revenue Code regarding income taxes and estate taxes have undergone significant changes under both Republican and Democratic administrations and Congresses...
Tax Policy and Economic Inequality in the United States - Wikipedia
Kuznets curve
In economics, a Kuznets curve graphs the hypothesis that as an economy develops, market forces first increase and then decrease economic inequality. The hypothesis was first advanced by economist Sim...
Kuznets curve - Wikipedia
Wealth concentration
Wealth concentration is a process by which newly created wealth, under some conditions, can become concentrated in the possession of wealthy individuals or entities. Those who hold wealth have the mea...
Social cohesion
When discussing social groups, a group is said to be in a state of cohesion when its members possess bonds linking them to one another and to the group as a whole. Although cohesion is a multi-faceted...
The Spirit Level: Why More Equal Societies Almost Always Do Better
The Spirit Level: Why More Equal Societies Almost Always Do Better is a book by Richard G. Wilkinson and Kate Pickett, published in 2009 by Allen Lane. The book is published in the US by Bloomsbury Pr...
The Spirit Level: Why More Equal Societies Almost Always Do Better - Wikipedia
Capability approach
The capability approach (also referred to as the capabilities approach) is an economic theory conceived in the 1980s as an approach to welfare economics. In this approach, Amartya Sen brings together ...
Capability approach - Wikipedia
Omnibus Budget Reconciliation Act of 1993
The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93) was a federal law that was enacted by the 103rd United States Congress and signed into law by President Bill Clinton. It has also been referr...
Economic Recovery Tax Act of 1981
The Economic Recovery Tax Act of 1981 (Pub.L. 97–34), also known as the ERTA or "Kemp-Roth Tax Cut", was a federal law enacted in the United States in 1981. It was an act "to amend the Internal Revenu...
Economic Recovery Tax Act of 1981 - Wikipedia
Capital gains tax in the United States
In the United States of America, individuals and corporations pay U.S. federal income tax on the net total of all their capital gains just as they do on other sorts of income. "Long term" capital gain...
Capital gains tax in the United States - Wikipedia
Revenue Act of 1964
The United States Revenue Act of 1964 (Pub.L. 88–272), also known as the Tax Reduction Act, was a bipartisan tax cut bill signed by President Lyndon Johnson on February 26, 1964. Individual income tax...
Income tax in the United States
In the United States, a tax is imposed on income by the federal, most state, and many local governments. The income tax is determined by applying a tax rate, which may increase as income increases, to...
Income tax in the United States - Wikipedia
Gini coefficent
The Gini coefficient (also known as the Gini index or Gini ratio) (/dʒini/ jee-nee) is a measure of statistical dispersion intended to represent the income distribution of a nation's residents, and is...
Gini coefficent - Wikipedia
Wealth inequality in the United States
Wealth inequality in the United States (also known as the wealth gap) refers to the unequal distribution of assets among residents of the United States. Wealth includes the values of homes, automobile...
Wealth inequality in the United States - Wikipedia
Bush tax cuts
The phrase Bush tax cuts refers to changes to the United States tax code passed originally during the presidency of George W. Bush and extended during the presidency of Barack Obama, through:While eac...
Bush tax cuts - Wikipedia