wealth inequality

Inequality Will Get Worse Until There’s A Revolution

May 1, 2016 Bob Lord for Other Words, www.otherwords.org Educate! Taxes, wealth inequality

By Bob Lord for Other Words. Imagine, after a deep sleep, you suffered the fate of Rip Van Winkle and woke in the spring of 2040. What might you find? Among other things, maybe a presidential candidate railing against America’s concentration of wealth. Except this time, it’s not the 1 percent that owns as much wealth as the bottom 90 percent — it’s the top hundredth of a percent. Could it get that bad? Yes, quite easily. In fact, that nightmare is already on the way. To see this better, take a step back in time. If you woke up 24 years ago, you could hear candidate Bill Clinton lamenting the fact that the top 1 percent owned as much wealth as the bottom 90 percent. Today, as anyone who’s heard Bernie Sanders give his stump speech knows, it’s the top tenth of 1 percent who owns that much.

Richest Americans Live 10-15 Years Longer Than Poorest

April 26, 2016 Sam Pizzigati, www.otherwords.org Educate! Inequality, wealth inequality

By Sam Pizzigati for Other Worlds - Rich people live longer than poor people. No big news there — we’ve known that health tracks wealth for quite some time now. But here’s what we haven’t known: The life-expectancy gap between rich and poor in the United States is actually accelerating. Since 2001, American men among the nation’s most affluent 5 percent have seen their lifespans increase by more than two years. American women in that bracket have registered an almost three-year extension to their life expectancy.

Newsletter: Ending The Political Charade

April 23, 2016 Margaret Flowers and Kevin Zeese, www.PopularResistance Newsletter Baltimore, climate crisis, COP21, Democracy, Democracy Spring, Divestment, Environmental racism, Fracking, Freddie Gray, Freedom of the Press, Gas, Incinerators, killed by police, Noam Chomsky, Nonviolence, Nuclear Energy, Nuit Debout, Police violence, Racism, Solar Energy, TPP, wealth inequality, Wind

By Margaret Flowers and Kevin Zeese. This week, on Earth Day, representatives from 130 countries gathered at the United Nations in New York City to sign the climate treaty agreed upon in Paris last December. As they smiled for the camera and promised to do their best to hold the temperature down, climate activists posted an open letter stating that it is too late, the climate emergency is already here. Leading up to the signing of the Paris Treaty this week were actions to stop the advance of fossil fuels and nuclear energy. Many events to mark the one year anniversary are taking place this week and the next in Baltimore to remember the uprising. Erica Chenoweth, the author of "How Civil Resistance Works", writes that elections both locally and globally are being shaped by nonviolent resistance. In the US, no matter who is elected president in the November election, it will be critical for those who have been activated to continue to organize and visibly protest.

A Legal Precedent For A More Equitable Society

January 24, 2016 Edward Campbell, www.opednews.com Educate! Article of Confederation, Citizens United, Corruption, Declaration of Independence, US Constitution, wealth inequality

By Edward Campbell for Op-Ed News. Article One sections 9 and 10 of the Constitution forbids the grant of any "Titles of Nobility". In promoting the adoption of the Constitution of the United States of America, Alexander Hamilton named these Article One clauses the "Cornerstone of Republican Government". He went on to observe that as long as "titles of nobility" were excluded, there could never be a serious danger that the government will be any other than that of the people. "Titles of Nobility" were terms familiar in the language of the times indicating social and economic superiority and political power. The Nobility restrictions referred to equality. In the words of the early Constitutional Scholar, Joseph Story, born towards the end of the Revolution (1779) and a member of the Supreme Court from 1811 to 1845, that as perfect equality is the basis of all our institutions, state and national, the prohibition against the creation of any title of nobility seems proper, if not indispensable, to keep perpetually alive a just sense of this important truth.

Richest 62 People As Wealthy As Half Of World’s Population

January 21, 2016 Larry Elliott, www.theguardian.com Educate! Ruling Class, wealth inequality

By Larry Elliott for The Guardian - The vast and growing gap between rich and poor has been laid bare in a new Oxfam report showing that the 62 richest billionaires own as much wealth as the poorer half of the world’s population. Timed to coincide with this week’s gathering of many of the super-rich at the annual World Economic Forum in Davos, the report calls for urgent action to deal with a trend showing that 1% of people own more wealth than the other 99% combined.

Tufts Univ. Report: TPP Means Inequality, Lost Jobs, Lower Wages

January 15, 2016 Staff, www.ase.tufts.edu Educate! Income inequality, Jobs and Wages, TPP, wealth inequality

By Jerome Capaldo and Alex Izurieta with Jomo Kwame Sundaram of GDAE. Boston, MA - Proponents of the Trans-Pacific Partnership agreement (TPP), the trade and investment treaty recently agreed by the United States and eleven Pacific Rim nations, emphasize the prospective economic benefits, with economic growth increasing due to rising trade and investment. Widely cited projections suggest GDP gains for all countries after ten years, varying from less than half a percentage point in the United States to 13 percent in Vietnam. In this GDAE Working Paper, the authors employ a more realistic model that incorporates effects on employment excluded from prior TPP modeling.

Income Inequality Is a Health Hazard – Even For The Rich

January 11, 2016 Yessenia Funes, www.occupy.com Educate! Income inequality, Inequality, wealth inequality

By Yessenia Funes for Occupy Magazine - Wealth in the United States can buy many things: education, homes, vacations. It can even buy the best doctors and diet, but it can’t buy health. Why not? Ask Stephen Bezruchka, a public health researcher at the University of Washington. While training Nepalese doctors and students in 1991, he stumbled upon research that revealed a disturbing trend in U.S. health indicators: Life expectancy was falling behind other developed countries while mortality rates were rising past them. He wondered why.

A Holiday Recipe for Economic Equality

December 25, 2015 Leo Gerard, inthesetimes.com Organize! Strikes, Trade, Unions, wealth inequality

By Leo Gerard for In These Times. The spirit of the season is generosity. Eight toys for Hanukkah. A partridge in a pear tree and 11 other quirky presents. Black Friday. Cyber Monday. Giving Tuesday. It’s the thought that counts. And the thought is good-hearted. That’s why the season works so well. To keep it all rolling happily along, however, workers need to earn enough money so that they can afford gifts and charitable donations. With wages stagnant for decades, that’s increasingly difficult. In keeping with the figgy-pudding and potato latke traditions of the holidays, here’s a recipe for delivering joy to workers so that they can spread holiday merriment.

People To Deliver State Of The Union To Obama

December 23, 2015 National Campaign for Nonviolent Resistance, www.popularresistance.org Resist! Climate Change, Obama, Wars and Militarism, wealth inequality

By the National Campaign for Nonviolent Resistance. Washington, DC - Guided by conscience, reason, and deeply held convictions, the National Campaign for Nonviolent Resistance calls upon all people of good will to come to Washington, DC on Tuesday January 12, 2016 to actively participate in a witness of nonviolent civil resistance, challenging President Barack Obama and the United States Congress to address the real state of the union, to immediately stop all U.S. acts of war, and to make significant changes that will put the people of the United States on the path to acting cooperatively with all in the world so that we can all live together in a world of peace, sharing our resources fairly. The president will deliver his State of the Union speech to the U.S. Congress on that day and tragically for the world, without a doubt, his presentation will once again be a threadbare act of political theatre with no relevance to the masses of people here in the United States or around the world.

Newsletter: Heroes In The War At Home

December 6, 2015 Margaret Flowers and Kevin Zeese, www.popularresistance.org Newsletter Baltimore, Black Panthers, Carbon infrastructure, Clean Energy, Climate Change, COP21, Corporate crime, Fracking, Fred Hampton, Freddie Grey, Net Neutrality, Paris, Pipelines, Police Brutrality, Racism, TISA, TPP, Uranium, wealth inequality

By Margaret Flowers and Kevin Zeese for Popular Resistance. Forty six years ago this week, 21 year old Black Panther leader Fred Hampton was murdered in his bed by Chicago police and the FBI. Hampton was a hero to many in his community for the work he did to feed hungry schoolchildren, create peace in his high school and within his community as a leader of the Black Panthers. His crime was being intelligent, talented and effective. In his short life, he rattled the power structure. In the war at home - the elite's war on the poor, hungry, homeless, sick, young and old - there are many heroes. Maybe this is one aspect of the US' war culture we can embrace - honoring our heroes and sheroes. In memory of the late Howard Zinn, let's honor those who work everyday for justice and peace. We are making a difference. Let's change the culture by lifting up the change-makers - those who make the world a better place - as our role models and heroes. Let's remember people like Fred Hampton. As Bill Simpich writes about Hampton and others killed for their activism, "They died in the war at home. They died holding this country to its promises. They died so we can be free. Hold them in the place of the highest honor."

Civil Society Challenges World Bank Annual Meeting

October 11, 2015 Anuradha Mittal, Alnoor Ladha and Cesar Gamboa, www.ourlandourbusiness.org Resist! Neoliberalism, Peru, Poverty, wealth inequality, World Bank

By Anuradha Mittal, Alnoor Ladha and Cesar Gamboa for Our Land, Our Business. Lima, Peru — The International Monetary Fund–World Bank Annual Meetings will take place in Lima, Peru this year from October 9 to 11. This is the first time these meetings are happening in Latin America in over 40 years. Peru is the poster child for the World Bank claiming “success” from its neoliberal policies and reforms, which the Bank is promoting to the rest of the world. Ranking 35th in the Bank’s Doing Business survey, Peru scored the second highest position in Latin America in 2015. This, according to the World Bank, means that Peru has created a regulatory environment “conducive to business.” The Peruvian development model, based on extractive industries and exports of raw materials, however, has concentrated the country’s natural resources and wealth in the hands of few private corporations at a high cost for the Peruvian population.

Lebanon’s Rich-Poor Divide In Focus As Garbage Protests Widen

September 24, 2015 Josh Wood, www.thenational.ae Resist! Government, Lebanon, wealth inequality

By Josh Wood in The National - For 20-year-old Ali Obeid, the decision to join Lebanon’s anti-government protests two months ago was simple. He was sitting at his home in Beirut during one of the early demonstrations when another long summer power cut set in. Aware of the protest and figuring that the heat outside couldn’t be that much more miserable than in his home, he took to the streets that day. “Maybe I could tell them we need electricity for air conditioning,” he recalls thinking. The You Stink protest movement began two months ago after rubbish piled up in the streets of the capital when the Lebanese government failed to find an alternative way to dispose of Beirut’s waste after Naameh – the nation’s largest landfill – shut on July 17. The call of the demonstrators broadened as people like Mr Obeid brought other demands for basic services that were lacking, such as water and electricity. Others railed about corruption.

Understanding Divergence Of Productivity & Pay

September 7, 2015 Josh Bivens and Lawrence Mishel, www.epi.org Educate! Living Wage, wealth inequality, Worker Rights and Jobs

By Josh Bivens and Lawrence Mishel in EPI - This paper updates and explains the implications of the central component of the wage stagnation story: the growing gap between overall productivity growth and the pay of the vast majority of workers since the 1970s. A careful analysis of this gap between pay and productivity provides several important insights for the ongoing debate about how to address wage stagnation and rising inequality. First, wages did not stagnate for the vast majority because growth in productivity (or income and wealth creation) collapsed. Yes, the policy shifts that led to rising inequality were also associated with a slowdown in productivity growth, but even with this slowdown, productivity still managed to rise substantially in recent decades. But essentially none of this productivity growth flowed into the paychecks of typical American workers. Second, pay failed to track productivity primarily due to two key dynamics representing rising inequality: the rising inequality of compensation (more wage and salary income accumulating at the very top of the pay scale) and the shift in the share of overall national income going to owners of capital and away from the pay of employees.

The Great Unraveling

September 3, 2015 Chris Hedges, www.truthdig.com Educate! Democracy, Imperialism, Mass Incarceration, Neoliberalism, wealth inequality

By Chris Hedges in Truth Dig - The attraction of a Trump, like the attraction of Radovan Karadzic or Slobodan Milosevic during the breakdown of Yugoslavia, is that his buffoonery, which is ultimately dangerous, mocks the bankruptcy of the political charade. It lays bare the dissembling, the hypocrisy, the legalized bribery. There is a perverted and, to many, refreshing honesty in this. The Nazis used this tactic to take power during the Weimar Republic. The Nazis, even in the eyes of their opponents, had the courage of their convictions, however unsavory those convictions were. Those who believe something, even something repugnant, are often given grudging respect. These neoliberal forces are also rapidly destroying the ecosystem. The Earth has not had this level of climate disruption since 250 million years ago when it underwent the Permian-Triassic extinction, which wiped out perhaps 90 percent of all species.

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