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May 03 2015
Opinion
‘Inequality Is a Choice’
THE eruptions in Baltimore have been tied, in complex ways, to frustrations at American inequality, and a new measure of the economic gaps arrived earlier this year:
It turns out that the Wall Street bonus pool in 2014 was roughly twice the total annual earnings of all Americans working full time at the federal minimum wage.
You read that right: Just the annual bonuses for just
New York Times (News)Dec 05 2013
Opinion
The President on Inequality
Mr. Obama said in a speech on the economy and the widening gap in national income that he will devote the rest of his presidency to the crucial issue of social mobility.
New York Times (News)Jul 25 2013
Opinion
The Inequality President
The Wall Street Journal reports that the rich have done fine under Obamanomics - not so the middle class.
Wall Street Journal (Opinion)Nov 07 2023
News
Donald Trump’s wealth reportedly jumps $500 million despite legal woes
Former President Donald Trump has seen his wealth soar by a half billion dollars thanks to some shrewd moves including moving to low-tax Florida, selling off assets, and paying down personal debts, according to a report.
Trump’s fortune has been valued by Bloomberg Billionaires Index at $3.1 billion, up from $2.6 billion in 2021.
A sizeable chunk of Trump’s wealth can be
New York Post (News)Dec 12 2023
News
Citing inequity in child care, state officials endorse new subsidy rate for providers
The state’s board, which meets Wednesday, will “marinate” on the multi-pronged proposal, Kershaw said, and then vote on the proposed changes in early January. The changes will begin to address “some long standing inequity” for the roughly 56 percent of child care providers in the state who accept children that receive state subsidies, state Early Education and Care Commissioner Amy Kershaw
The Boston GlobeJan 22 2015
News
In SOTU, President Punts on Income Inequality
Much of the buildup to President Obama's State of the Union address made it sound as if he was going to read chapter and verse from French economist Thomas Piketty's book, Capital in the 21st Century -- you know, last year's 700-plus page best seller, the one that was unexpectedly all the rage as it argued that vast economic inequality is as much about wealth (what's owned) as it is about
HuffPostApr 15 2015
Opinion
Has Obamacare Turned Voters Against Sharing the Wealth?
With the advent of the Affordable Care Act, the share of Americans convinced that health care is a right shrank from a majority to a minority.
This shift in public opinion is a major victory for the Republican Party. It is part of a larger trend: a steady decline in support for redistributive government policies. Emmanuel Saez, an economics professor at Berkeley and one of the nation’s
New York Times (News)Dec 06 2023
News
Supreme Court looks like it will punt on a wealth tax while upholding levy on foreign income
The Supreme Court on Tuesday seemed inclined to uphold a tax on foreign income while leaving questions about a broader, never-enacted tax on wealth for another day. On the first issue, conservative and liberal justices voiced concerns that ruling for a Washington state couple challenging a provision of the 2017 tax bill would threaten other provisions of the tax code. After two hours of
FortuneDec 06 2023
News
Wealth Of Indonesia’s 50 Richest On Forbes List Rises 40% To Record US$252 Billion
SINGAPORE (December 7, 2023) – Despite slowing exports and a dip in the benchmark stock index, the collective net worth of tycoons on the 2023 Forbes list of Indonesia’s 50 Richest rose 40% to a record US$252 billion, up from $180 billion a year ago. The complete list is available here as well as in the December issue of Forbes Asia. The record rise was fueled by a raft of IPOs, notably of
ForbesSep 25 2013
News
How income inequality hurts America
It's not just income inequality. It's lifespan inequality. And education inequality. And declining economic growth. It's a well-established fact that the rich are getting richer, while the poor and middle class are falling behind. "The 400 richest people in the United States have more wealth than the bottom 150 million put together," said Berkeley Professor and former Labor Secretary Robert
CNN (Online News)