What the 1% Don't Want You to Know. Income Inequality. Income includes the revenue streams from wages, salaries, interest on a savings account, dividends from shares of stock, rent, and profits from selling something for more than you paid for it.
Income inequality refers to the extent to which income is distributed in an uneven manner among a population. In the United States, income inequality, or the gap between the rich and everyone else, has been growing markedly, by every major statistical measure, for some 30 years. Household and Family Income Income disparities have become so pronounced that America’s top 10 percent now average nearly nine times as much income as the bottom 90 percent. Americans in the top 1 percent tower stunningly higher.
The top 1 percent of America’s income earners have more than doubled their share of the nation’s income since the middle of the 20th century. Economic Inequality: It’s Far Worse Than You Think. In a candid conversation with Frank Rich last fall, Chris Rock said, "Oh, people don’t even know.
If poor people knew how rich rich people are, there would be riots in the streets. " The findings of three studies, published over the last several years in Perspectives on Psychological Science, suggest that Rock is right. We have no idea how unequal our society has become. In their 2011 paper, Michael Norton and Dan Ariely analyzed beliefs about wealth inequality. They asked more than 5,000 Americans to guess the percentage of wealth (i.e., savings, property, stocks, etc., minus debts) owned by each fifth of the population. The Richest 62 People Are As Wealthy As Half The World's Population Combined. Why conservative billionaires have started talking like Bernie Sanders: “We are creating a caste system from which it’s almost impossible to escape” I’ve written previously about the growing fear among elites that they’ve pushed economic inequality too far.
That fear is proliferating, according to a New York Times Op-Ed this weekend by former marketing conglomerate CEO Peter Georgescu. The IMF (Finally) Admits That Inequality Slows Growth. Globalisation has led to more inequality, says economist Joseph Stiglitz. The battle to stop the proposed European Union-United States trade agreement is the first step to halt growing inequality in major western countries, says Nobel Prize-winning economist Joseph Stiglitz.
Rejecting the argument that globalisation has reduced poverty, Mr Stiglitz says 500 million people have been moved out of poverty in China because it exploited globalisation to build its industrial base. “It wasn’t globalisation the way the World Bank, the International Monetary Fund, or [former head of the World Trade Organisation] Peter Sutherland would have had it,” he said. “These countries managed globalisation on their own terms. China never liberalised its capital account. . . Wealth doesn't trickle down – it just floods offshore, research reveals. The world's super-rich have taken advantage of lax tax rules to siphon off at least $21 trillion, and possibly as much as $32tn, from their home countries and hide it abroad – a sum larger than the entire American economy.
Study: Income Inequality Kills Economic Growth. Corporate chieftains often claim that fixing the US economy requires signing new free trade deals, lowering government debt, and attracting lots of foreign investment.
But a major new study has found that those things matter less than an economic driver that CEOs hate talking about: equality. "Countries where income was more equally distributed tended to have longer growth spells," says economist Andrew Berg, whose study appears in the current issue of Finance & Development, the quarterly magazine of the International Monetary Fund. US Economic Inequality Rises to Highest Levels Since 1928: Why does it Matter? Homicide rates: Less is more equal countries. Crimes & rates of imprisonment: Less in more equal countries. Poverty Statistics & Food Insecurity Fact Sheet. Although related, food insecurity and poverty are not the same.
Poverty in the United States is only one of many factors associated with food insecurity. In fact, higher unemployment, lower household assets, and certain demographic characteristics also lead to a lack of access to adequate, nutritious food. Read on for national hunger and poverty facts and statistics, or visit Map the Meal Gap for state-specific information. Poverty Statistics in the United States[i] In 2014: 46.7 million people (14.8 percent) were in poverty.15.5 million (21.1 percent) children under the age of 18 were in poverty.4.6 million (10 percent) seniors 65 and older were in poverty.The overall national poverty rate according to the Supplemental Poverty Measure is 15.3 percent, as compared with the official poverty rate of 14.8 percent.
Very Low Food Insecurity & Food Insecurity in the US[iv] Use of Charitable Food Assistance and Federal Food Assistance Programs. News, Analysis & Facts on Economic Inequality. Documentary: "Inequality for All".... Password: bernie2016. The Super Rich And Us. Wealth Inequality in America. Global Wealth Inequality - What you never knew you never knew. The Truth About the Economy. Nick Hanauer. Richard Wilkinson: How economic inequality harms societies. Money on the Mind. The Pathology of the Rich - Chris Hedges on Reality Asserts Itself pt1. Chrystia Freeland: The rise of the new global super-rich.
Krugman: Worried About Oligarchy? You Ain't Seen Nothing Yet. How the super rich got richer: 10 shocking facts about inequality. The 1% may be even richer than you think, research shows. The 1% is literally rich beyond measure, depriving nations of billions in tax revenue and obscuring shifts in global inequality.
Research conducted separately by European Central Bank economist Philip Vermeulen and London School of Economics’ Gabriel Zucman show the wealth of the super-affluent — hidden by tax shelters and nonresponse to questionnaires — is undercounted. Billionaire Bunkers: Exclusive Look Inside the World's Largest Planned Doomsday Escape - ForbesLife. For the very first time, a modern day Noah’s Ark has opened its doors for an exclusive inside look offering up plans for the ultimate Billionaire bunker and doomsday escape.
Vivos founder and CEO Robert Vicino announced Vivos Europa One which will be an invitation only, five star, underground survival complex, similar to an underground cruise ship for the elite. Each family will be provided a private 2,500 square foot of floor area, capable of two story improvements for a total of 5,000 square feet of private living quarters. With fit and finish comparable to a mega-yacht, each member family will hire their own architect and contractor to build out their living quarters to the custom standard they desire.