Wealth inequality

Back to the No Future: Wealth Bottoms Out to 1986 Levels for 90% of Americans

Back to the No Future: Wealth Bottoms Out to 1986 Levels for 90% of Americans
Just in case you need a reminder of how lopsided the economy has become, a new paper from economists at the London School of Economics and the University of California at Berkeley shows the bottom 90 percent of American families are no wealthier than they were in 1986. While the top one percent have seen their share of wealth steadily grow, the vast majority of Americans are making due with less.
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Home Depot Head Threatens to Withdraw Donations to Catholic Church

Home Depot Head Threatens to Withdraw Donations to Catholic Church
Home Depot founder Ken Langone is apparently not happy with Pope Francis. According to Cardinal Timothy Dolan, the billionaire and his friends are "worried" about the recent talk of "poor people" and "inequality" coming from the Pope and are starting to doubt that they should still donate to the church.
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One Answer to Low-Wage Work: Redistributing the Gains

One Answer to Low-Wage Work: Redistributing the Gains
The President’s speech last week on inequality avoided the “R” word. No politician wants to mention “redistribution” because it conjures up images of worthy “makers” forced to hand over hard-earned income to undeserving “takers.” The number of losers is growing so quickly, and so much of the economy's winnings are going to a small group at the top — since the recovery began, 95 percent of the gains have gone to the richest 1% — that some direct redistribution of the gains is necessary.
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Robert Reich
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