Top 1% Up $21 Trillion. Bottom 50% Down $900 Billion

By Matt Bruenig, People's Policy Project -

I want to highlight a single eye-popping statistic from a recent Federal Reserve report. Between 1989 and 2018, the top 1 percent increased its total net worth by $21 trillion. The bottom 50 [...]

King’s Dream Included Economic Equality, Too

By Jessicah Pierre, Otherwords.org -

April 4 marks the 50th anniversary of the day Martin Luther King, Jr. was assassinated. Just after 6 p.m. on April 4, 1968, King was fatally shot while standing on the balcony outside his [...]

The Median Young Family Has Nearly Zero Wealth

By Matt Bruenig, Peoplespolicyproject.org -

Using the Survey of Consumer Finances, I calculated various wealth series for young families with heads below the age of 35. Here is median net worth for young families. I include both the net [...]

7 Reasons Your Economic Insecurity Isn’t Your Fault

By Matt Stannard, Cowboysonthecommons.org -

The sobering assessment at the end of 2017 by Philip Alston, the UN’s special rapporteur on extreme poverty and human rights, concerning the 40+ million Americans living in poverty, left a [...]

Homelessness: One of Capitalism’s Many Inevitable Products

By Gus Bagakis, truth-out.org -

By Gus Bagakis for Truthout - Housing is the necessary precondition for security, identity, emotional well-being, work, leisure and community. There is no greater condemnation of capitalism than [...]

What Else Could Tax Cut For Richest 1% Buy?

By Jill Richardson, otherwords.org -

By Jill Richardson of Other Words - Inequality in America has been growing for decades, stymying our national potential and contributing to the growing political rift in the country. According to [...]

Report: Racial, Economic Injustice Of Pollution Trading Programs

By Staff, foodandwaterwatch.org -

By Staff of Food & Water Watch - WASHINGTON – New analysis published today details the disproportionate burdens of air and water contamination and serious human health effects placed on [...]

This Year’s Real Halloween Horror

By Bob Lord, inequality.org -

By Bob Lord for Inequality - The family that has made billions off trick-or-treat candy has gone generations without paying any appreciable tax on its enormous fortune. And the Trump tax plan, if [...]

World’s Billionaires Own A Staggering $6 Trillion

By Jake Johnson, www.truth-out.org -

By Jake Johnson for Common Dreams - In an analysis (pdf) published Thursday that throws into stark relief the "unjust and unsustainable" nature of what economists have termed the New Gilded Age, [...]

Blueprint For The Most Radical City On The Planet

By Bill Quigley. A federation of local cooperatives and mutual aid networks, Cooperation Jackson, has many concrete forms including an urban farming coop, a food coop, a cooperative credit [...]

Yes, Half Of Americans Are In Or Near Poverty

By Paul Buchheit, www.commondreams.org -

By Paul Buchheit for Common Dreams - The poverty threshold is still based on a formula from the 1960s, when food expenses were a much greater part of the family budget. It hasn't kept up with [...]

Minority Neighborhoods Pay Higher Car Insurance Premiums Than White Areas With Same Risk

By Julia Angwin, Jeff Larson, Lauren Kirchner and Surya Mattu, www.propublica.org -

By Julia Angwin, Jeff Larson, Lauren Kirchner and Surya Mattu for ProPublica - For decades, auto insurers have been observed to charge higher average premiums to drivers living in predominantly [...]

Unleashing The Transformative Potential Of An Equitable Economy

By Chuck Collins, www.inequality.org -

By Chuck Collins for Inequality - While there is now widespread understanding that extreme income and wealth inequality is growing and has negative impacts on society, most proposed solutions [...]

In 40 Years: CEO Pay Up 937%, Worker Wages Stagnant

By Alexandra Jacobo, www.nationofchange.org -

By Alexandra Jacobo for Nation of Change. US inequality problem continues to be the worst in the industrialized world. A new report, published by the Economic Policy Institute (EPI) this [...]

Economic Insecurity Of US Workers Increases With Unstable Jobs

By Elizabeth Grossman, www.inthesetimes.com -

By Elizabeth Grossman for In These Times - The U.S stock market may be at record highs and U.S. unemployment at its lowest level since the Great Recession, but income inequality remains [...]

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