One Comic Perfectly Sums Up Class Differences in Society. The rich get government handouts just like the poor. Here are 10 of them. A floating tax shelter photographed in its natural habitat.
Flickr user "OVER 1 MILLION VIEWS", CC. In case you are still skeptical that many of the non-poor — and, in fact, a lot of the rich — receive benefits from government, too (for which we don't make them pee in a cup or promise not to buy luxuries), we've rounded up some more examples below. 1. The mortgage interest deduction for big houses and second homes.
Thanks to this tax break, the 5 million households in America making more than $200,000 a year get a lot more housing aid than the 20 million households living on less than $20,000. 2. If you’ve got a boat and you’re paying interest on it, that interest is tax-deductible – provided your boat is really, really big. Beyond that, if you have a yacht you can loan it out to a charter business for part of the year, and keep it for personal use the rest of the time. [This image perfectly sums up inequality in America, according to the Internet] This is your brain on poverty: 5 facts. I just graduated with my masters degree, lots of aspirations, and my fair share of debt.
I live in New York City, and I am trying to do what many think is the impossible - make a living as a writer. I mention this personal anecdote not to claim poverty (I am incredibly fortunate not to face that problem currently), but rather because I have new financial stresses that weren’t present a month ago - and it’s frying my mental bandwidth (as someone who generally NEVER forgets things like her cell-phone, keys, etc… I have been a total space cadet).
What Poverty Does to the Young Brain. The brain’s foundation, frame, and walls are built in the womb.
As an embryo grows into a fetus, some of its dividing cells turn into neurons, arranging themselves into layers and forming the first synapses, the organ’s electrical wiring. Four or five months into gestation, the brain’s outermost layer, the cerebral cortex, begins to develop its characteristic wrinkles, which deepen further after birth. John Oliver: The U.S. Bail System Screws the Poor, Rewards Reality TV. Who Gets Food Stamps? White People, Mostly.
WASHINGTON — Gene Alday, a Republican member of the Mississippi state legislature, apologized last week for telling a reporter that all the African-Americans in his hometown of Walls, Mississippi, are unemployed and on food stamps.
“I come from a town where all the blacks are getting food stamps and what I call ‘welfare crazy checks,’” Alday said to a reporter for The Clarion-Ledger, a Mississippi newspaper, earlier this month. “They don’t work.” Nationally, most of the people who receive benefits from the Supplemental Nutrition Assistance Program are white. According to 2013 data from the U.S. Department of Agriculture, which administers the program, 40.2 percent of SNAP recipients are white, 25.7 percent are black, 10.3 percent are Hispanic, 2.1 percent are Asian and 1.2 percent are Native American. In the two congressional districts that overlap Alday’s state legislature district, more African-Americans than whites receive food stamps, according to USDA data.
The rich get government handouts just like the poor. Here are 10 of them. Historian Says Don't 'Sanitize' How Our Government Created The Ghettos. A helicopter flies over a section of Baltimore affected by riots.
Richard Rothstein writes that the recent unrest in Baltimore is the legacy of a century of federal, state, and local policies designed to "quarantine Baltimore's black population in isolated slums. " Patrick Smith/Getty Images hide caption itoggle caption Patrick Smith/Getty Images. Glogin?mobile=1&URI= We don’t yet know who agreed to pay $179.4 million for a Picasso in an auction Monday night — or where the money came from, or what motivated that person or persons to spend more than anyone has before for a single piece of art at auction.
But this much we do know: The astronomical rise in prices for the most-sought-after works of art over the last generation is in large part the story of rising global inequality. At its core, this is the simplest of economic math. The supply of paintings or Giacometti sculptures (one of which sold for $141 million in the same auction this week) is fixed. America’s Richest Congressman, Worth Almost $500 Million, Says Poor Americans... By Judd Legum Posted on Share this: "America’s Richest Congressman, Worth Almost $500 Million, Says Poor Americans Are Doing Great" Share: CREDIT: Screenshot Congressman Darrell Issa, America’s richest Congressman with a net worth of nearly $500 million, says the nation’s poor are actually doing very well.
It's socialism for the rich and capitalism for the rest of us in Britain. Socialism lives in Britain, but only for the rich: the rules of capitalism are for the rest of us.
20 Things the Poor Do Every Day That the Rich Never Have to Worry About. This post first appeared on Ben Irwin's blog.
Most millionaires think they are middle class, CNBC poll shows. Billionaire David Tepper once called himself a “middle-class dad trapped in a rich man’s body.”
Most millionaires, it turns out, have similar feelings of wealth denial. Even those Americans worth $5 million or more—among the wealthiest 5%—still think of themselves as more middle class than wealthy. A majority of millionaires polled describe themselves as middle class or upper middle class despite being among the wealthiest 10% of Americans, according to the results of the third CNBC Millionaire Survey. Fully 44% described themselves as middle class, and 40% said they were upper middle class. The best way to nab your dream job out of college? Be born rich. The American dream of equal opportunity, based on the conviction that intelligence, hard work and character are the keys to success, may be on life support. These days children raised at the top or bottom fifths of the income pyramid tend to stay there, even as adults.
Higher education is considered a major contributor to economic success. Parental income, a strong predictor of admission to elite universities, doubled in importance from 1982-1992 and has continued to rise. Now, Lauren Rivera, an associate professor at the Kellogg School of Management at Northwestern University, shows us through her new book, Pedigree: How Elite Students Get Elite Jobs, how those at the bottom of the income ladder are stuck, as it is the socioeconomically privileged students who tend to get a disproportionate share of elite jobs.
College matters. How Did People Experience Poverty from 2009 to 2012? Note: Census Bureau experts are presenting on a variety of topics at the Population Association of America annual conference. Follow the Research Matters blog or visit the press kit to learn more about their work. Written by Ashley Edwards. The double-standard of making the poor prove they’re worthy of government ben... The actual contents of a Rhode Island woman's cupboard after two shopping trips paid for with food stamps. (Michael S. Williamson/The Washington Post) Poverty looks pretty great if you're not living in it. Report: Irregular Work Scheduling Affects 17 Percent Of U.S. Workers. Unstable work schedules impact at least 17 percent of the U.S. workforce, with low-wage workers facing irregular shift times the most.
That's according to a new report from the Economic Policy Institute (EPI), a Washington, D.C. think tank. The report, "Irregular Work Scheduling and its Consequences," is based on General Social Survey data. Ten percent of U.S. workers have "irregular and on-call work shift times," combined with another 7 percent "who work split or rotating shifts," according to the research. Low-wage workers are among the most prone to having unstable schedules, which are associated with longer average hourly workweeks in some occupations. Employees in low-wage industries often have little control over their schedules, the findings showed. Working, but Needing Public Assistance Anyway. Payday Loans — And Endless Cycles Of Debt — Targeted By Federal Watchdog. FF22-2015.pdf. Unkind Architecture: Designing Against the Homeless. Sheryl Sandberg's Lean In Feminism Puts Women Issues at Risk. In 2013, Facebook COO Sheryl Sandberg published Lean In: Women, Work, and the Will to Lead, and has since gone about converting its philosophy into a widely recognizable brand of feminism.
People on Food Stamps Make Healthier Grocery Decisions Than Most of Us. Why Inequality Persists in America - The New Yorker. The terrible loneliness of growing up poor in Robert Putnam’s America. A few ways Isabel Sawhill is wrong on single mothers. Feb15ASRFeature.pdf. SOTU_2015.pdf. Tennessee Decided to Drug Test Its Welfare Recipients — Here Are the Shocking Results.
On July 1, 2014, Tennessee implemented a dehumanizing new drug testing program for needy people applying to the state's Families First cash assistance program. Rich School, Poor School : NPR Ed. Why Do So Many Rich People Think They're in the Middle Class? Charter, private, and wealthy schools lead California vaccine exemptions. Ehrenreich. 3 Ways to Responsibly and Compassionately Respond to Panhandling. A Look Into The 'Double Lives' Of America's Homeless College Students. Why Judging People for Buying Unhealthy Food Is Classist. Why America is the most unequal society in the developed world. Inequality in the Skies: Applying the Gini Index to Airplanes. Of Gods and Monsters: Valorizing the Rich in a Culture of Cruelty. 7 Common Myths About People on Welfare. Is the Affordable Care Act Working? - NYTimes.com. It Is Expensive to Be Poor. Turning Public Housing Over to Private Developers Has Unfortunate Consequences.
8 Impossible Choices People Who Can't Afford Food Make Every Day. 8 Ways Being Poor Is Wildly Expensive in America. The-Single-Mans-Finances.png (PNG Image, 1000 × 3696 pixels) - Scaled (27%) Poor kids who do everything right don’t do better than rich kids who do every... The Most Common Jobs For The Rich, Middle Class And Poor : Planet Money. Meet The People Whose Lives Have Been Transformed By Medicaid Expansion. How College Students Battled Textbook Publishers To A Draw, In 3 Graphs : Pla... Minimum Wage Hikes Work. Some Americans Boosted Charitable Giving In Recession; The Rich Did Not. White poverty exists, ignored.
When You Can't Afford Sleep. Income inequality? Check your facts Chicago Tribune 9/29/14. Professors on food stamps: The shocking true story of academia in 2014. 10 Poverty Myths, Busted. Imprisoning People for Being Poor Isn't 'Justice' Saturday Stat: 23% of U.S. Children Live in Poverty. Utah Drug-Tested Almost 5,000 People On Welfare, And The Results Almost Made ... Wage gap an ‘alarming trend’ Chicago Tribune 8/12/14. Rich Kid, Poor Kid: For 30 Years, Baltimore Study Tracked Who Gets Ahead : NP... Wealth or Good Parenting? Framing the Privileges of the Rich. New York Debates Whether Housing Counts As Health Care. New York Skyscraper's Separate 'Poor Door' Called A Disgrace. Saturday Stat: Median Household Wealth Fell by 1/3 since 2003. Basic Income, a new human right. How my new $15 an hour wage will change everything Chicago Tribune 7/23/14.
The Rise of the Non-Working Rich. 'I've Built Robots': Homeless People In Poignant Video Remind Us It Can Happe... Driving my Mercedes SEONGJOON CHO/BLOOMBERG to pick up food stamps. U.S. Jobs Are Back, but They’re No Match for Population Growth. The ‘subminimum’ wage debate Chicago Tribune 7/5/14. What is a good credit score?[Infographic] Income is a Poor Measure of American Inequality. One Look At A Pretty Scary Map And Some Folks Will Say, ‘Houston, We’ve Got A... 25 Really Engaging Images About Minimum Wage. How tough-on-crime policing affects poor Chicago Tribune 6/30/14.
Stuck in America Chicago Tribune 6/30/14. Rail yard air pollution plagues neighborhoods Chicago Tribune 6/29/14. Is corporate tax loophole unpatriotic? Chicago Tribune 6/29/14. More than three quarters of conservatives say the poor “have it easy” 6/26/14. 9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact. Rauner snags record-setting cash donation Chicago Tribune 6/15/14. Labor market trudges back to 2008 Chicago Tribune 6/7/14. The U.S. is Replacing Good Jobs with Bad Ones. Executive compensation still growing Chicago Tribune 6/1/14.
TRIBUNE SPECIAL REPORT CEO PAY Chicago Tribune 6/1/14. Seattle approves minimum wage hike to $15 per hour Chicago Tribune 6/3/14. Cook Medicaid picture dismal Chicago Tribune 6/2/14. It’s now the Canadian dream 5/27/14 Chicago Tribune. I've Often Wondered How I Can Personally Help Homeless People. I Just Found A... Unless You're Ridiculously Wealthy, I Have A Feeling This Graph Might Make Yo... Barbara Ehrenreich 9/24/12. How little money can a person live on?