Is inequality bad for economic growth? On Wednesday, just as President Obama was giving his big speech on inequality and the economy, the Center for American Progress, a liberal think tank, released three new papers on this very topic.
U.S. one dollar bills are arranged for a photograph in London on Wednesday, Feb. 23, 2011. (Chris Ratcliffe - BLOOMBERG) Perhaps the most interesting paper here is economist Jared Bernstein's exploration (pdf) of whether rising income inequality in the United States is bad for economic growth. Government Is Largely Responsible for Soaring Inequality. It's Not an Accident ...
It's Policy America is experiencing unprecedented inequality. INEQUALITY FOR ALL - Politics and Money. Economists Agree: US Inequality Is Killing the Economy. In this Wednesday, Nov. 20, 2013, file photo, a destitute man sleeps on the sidewalk under a holiday window at Blanc de Chine, in New York The growing gap between the richest Americans and everyone else isn’t bad just for individuals it’s hurting the U.S. economy says a majority of more than three dozen economists surveyed in December 2013 by The Associated Press.
(AP Photo/Mark Lennihan, File)A majority of "private, corporate and academic economists" agree: economic inequality in the U.S. is not just hurting individuals and families who struggle to make ends meet; the growing gap in both wages and wealth is harming the economy as a whole. That's according to a new survey by the Associated Press which confirms what progressive-minded economists and policy-makers have been saying since... always. Higher pay and outsize stock market gains are flowing mainly to affluent Americans. Wealth Inequality in America. Wealth Inequality in America. Government Is Largely Responsible for Soaring Inequality. It's Not an Accident ...
It's Policy America is experiencing unprecedented inequality. Government Is Largely Responsible for Soaring Inequality. With Unprecedented Inequality, the US Looks More Like a Dystopia Than Ever. Image: YouTube Severe income inequality is a cornerstone of our best dystopias—in the ruined future, the rich still live like kings.
It's one of the genre's most enduring constructs: technology, disaster, and plain old human nature allow the haves to tighten their dominance over the have-nots. Now, news that one percent of Americans raked in twenty percent of the wealth last year—and that ten percent swallowed up nearly half of it—means the US is well on its way to do a pretty solid impression of some of these catastrophic dystopias. Report: Nearly a quarter of all Americans struggle to afford food. A new Pew Research report on the economies of emerging markets reveals that nearly a quarter of all Americans are struggling to afford food, putting the United States far out of step with other wealthy nations, as Pew notes: Reports of deprivation are closely related to national wealth.
For example, in Australia, Canada and Germany — three of the richest countries surveyed in terms of 2012 GDP per capita — roughly one-in-ten or fewer have struggled in the past year to afford food. Meanwhile, in Uganda, Kenya and Senegal — among the poorest countries surveyed — half or more say food for their family has been hard to come by. The United States is a clear outlier from this pattern. Despite being the richest country in the survey, nearly a quarter of Americans (24%) say they had trouble putting food on the table in the past 12 months.
Decolonizing YogaHow Derrick Jensen's Deep Green Resistance Supports Transphobia - Decolonizing Yoga. Millenials Aren’t Lazy: They’re Fucked. Wealth Inequality In America. Rape Is Not An Accident. By Amanda MarcotteWednesday, January 9, 2013 10:06 EDT Dozens of Israeli activists take part in a “SlutWalk” rally in Jerusalem on Friday to protest sexual violence and counter claims that women’s attire or behaviour provoke rape and sexual assault, an AFP correspondent said.
Predominantly young women and some men marched through central streets of the Holy City in minimal or sexually suggestive clothing, chanting slogans and bearing signs. Executive Summary:“Public Opinion and Democratic Responsiveness: Who Gets What They Want From Government?” by Martin Gilens. Gilens examines the extent to which different social groups find their policy preferences reflected in actual government policy and the variation in these patterns across time and policy domains. For example, when Americans with low and high incomes disagree on policy, are policy outcomes more likely to reflect the preferences of affluent Americans? If so, does the advantage of more affluent Americans differ over time (e.g., depending on which party controls the congress and presidency) or across policy domains? Similarly, are Republicans or Democrats in the population more likely to get the policies they prefer when their party is in control of national political institutions?
Because his database contains policy preferences broken down by income, education, partisanship, sex, race, region, religion, and union/non-union status, Gilens will be able to address a multitude of questions concerning government responsiveness to public preferences. Downward mobility haunts US education. 3 December 2012Last updated at 19:03 GMT By Sean Coughlan BBC News education correspondent Fall on campus: The US has slipped to 14th in university graduation rates An integral part of the American Dream is under threat - as "downward mobility" haunts the education system in the United States.
The idea of going to college - and the expectation that the next generation will be better educated and more prosperous than its predecessor - has been hardwired into the ambitions of the middle classes in the United States. Millionaires to Washington: More Taxes, Please! A pack of millionaires descended on Washington, DC, Wednesday to tell Congress to take more of their money.
Glenn Greenwald on Two-Tiered U.S. Justice System, Obama’s Assassination Program & the Arab Spring. This is a rush transcript.
Copy may not be in its final form. TalkingStickTV - Stephen Bezruchka - Is America Driving You Crazy? @Google: Lawrence Lessig: Republic, Lost: How Money Corrupts Congress—and a Plan to Stop It. Tar Sands Blockade: Radical Environmentalism is Radical Libertarianism. As Charles Johnson notes in The Clean Water Act Vs.
Clean Water, asking the government for help is generally counterproductive, especially when it comes to addressing ecological concerns. NSA Analyst Proves GOP Is Stealing Elections. By Denis G. Campbell andCharley James (c) 25 October 2012 UPDATED: Why is Mitt Romney so confident? In states where the winner will be decided by less than 10%, of the vote he already knows he will win. This is no tinfoil hat conspiracy.
It’s a maths problem. This goes well beyond Romney’s investment control in voting machine maker Hart Intercivic and Diebold’s close ties to George W. A retired NSA analyst has spent several sleepless nights applying a simple formula to past election results across Arizona. It Only Takes a Girl. Leaked TPP Draft: Global Corporate Dictatorship. Axolotl_peyotl comments on TIL nearly 100,000 hemophiliacs around the world were given blood products contaminated with hepatitis C or HIV. Bayer, Baxter and the other companies involved knew the products were contaminated but distributed them anyway. The. This Is Not An Invitation To Rape Me - Changing Attitudes on the Blame for Rape.
How Do You Take Your Poison? - Chris Hedges' Columns. How Do You Take Your Poison? Posted on Sep 24, 2012. Nservatives, Democrats and the convenience of denouncing free speech. [Updated below] Nothing tests one's intellectual honesty and ability to apply principles consistently more than free speech controversies. It is exceedingly easy to invoke free speech values in defense of political views you like. New Analysis Shows Romney Tax Plan Would Raise Taxes On Middle Class Families By More Than $2,000. By Pat Garofalo on August 1, 2012 at 10:45 am "New Analysis Shows Romney Tax Plan Would Raise Taxes On Middle Class Families By More Than $2,000"
Thinkahol comments on So this is going to sound wildly fucking retarded, but can I get some help resolving apparent implicit conflicts between social progressivism and seemingly useful bourgeois values? "Legitimate Rape" Pharmaceutical Ad (TW) Laurie Penny: It's nice to think that only evil men are rapists - that it's only pantomime villains with knives in alleyways. But the reality is different - Commentators - Opinion.
Poor in India Starve as Politicians Steal $14.5 Billion of Food. Victims of police violence take to the streets for justice. The Conservative Psyche: How Ordinary People Come to Embrace Paul Ryan's Cruelty. August 19, 2012 | Chris Hayes on elite failure. Wealth, Income, and Power. Robert Reich: Why Taxes Have to Be Raised on the Rich. Democracy? Why Are Working People Invisible in the Mainstream Media? The writer Barbara Ehrenreich in Washington on September 8, 2006. Dr. David J. Leonard: A Lynching Happens Every 40 Hours. Throughout the early part of the twentieth century, African-American activists fought to thwart the systemic scourge of lynching. Faced with a silent and complicit populace, particularly the media and political establishment, African Americans forced the nation to bear witness to the depravity of American racism.
How to Think. OWS' first 'National Gathering' “Please God. Please make it stop.” VJxUG.png (700×1800) Bank CEO Pay Grew By 12 Percent Last Year, While Worker Wages Near All-Time Lows. The Spirit Level Documentary. Save the Rich (Official Video) by Garfunkel and Oates. Other Ways / End In Equality. Krugman: 1% Have "Warped Our Political System" and What It Means. Things We're Supposed To Be Quiet About. Have the Super-Rich Seceded From the United States?
30 Statistics That Show That The Middle Class Is Dying Right In Front Of Our Eyes As We Enter 2012. 3.5 Million Homeless and 18.5 Million Vacant Homes in the US. The Whole World is Watching. Young, Black and Frisked by the N.Y.P.D. Inequality: If I were the 99% I'd try to be the 1% Prop 8 OVERTURNED: Gay Marriage Ban Struck Down In California. Zach Wahls Speaks About Family.
Keiser Report 182: Currency Grenade & David Graeber. The Top 0.1% Of The Nation Earn Half Of All Capital Gains. The Face of Modern Slavery. Why Inequality is the Real Cause of Our Ongoing Terrible Economy)