wealth inequality

Why Are 1% Organizing Against Inequality

August 12, 2015 Matthew Pulver, www.salon.com Educate! Classism, Socialism, wealth inequality

By Matthew Pulver in Salon - I’ve written previously about the growing fear among elites that they’ve pushed economic inequality too far. That fear is proliferating, according to a New York Times Op-Ed this weekend by former marketing conglomerate CEO Peter Georgescu. Joined by his friend Ken Langone, founder of Home Depot, Georgescu warns his fellow 1 percenters that “[w]e are creating a caste system from which it’s almost impossible to escape.” The column raises the specter of “major social unrest” if inequality is not addressed. Georgescu writes: "I’m scared. The billionaire hedge funder Paul Tudor Jones is scared. My friend Ken Langone, a founder of the Home Depot, is scared. So are many other chief executives. Not of Al Qaeda, or the vicious Islamic State or some other evolving radical group from the Middle East, Africa or Asia. We are afraid where income inequality will lead."

The People’s Test On Climate 2015

June 27, 2015 People's Test On Climate, www.peoplestestonclimate.org Resist! Climate Change, Paris, wealth inequality

By People's Test On Climate - Governments and the Paris Summit outcome will be judged on this fundamental litmus test. But Paris will not only be about a long series of negotiations under the UNFCCC. Paris will not only be about what our governments achieve – or fail to achieve. Paris will also be the moment that demonstrates that delivering concrete actions for the global transformation will come from people and not our politicians. We see Paris as a beginning rather than an end – an opportunity to start connecting people‘s demands for justice, equality, food, jobs, and rights, and strengthen the movement in a way that will force governments to listen and act in the interests of their people and not in the vested interests of elites. Paris will launch us into 2016 as a year of action – a year when people’s demands and people‘s solutions take center stage.

Worst Polluter, The US, Should Let Climate Refugees Settle Here

June 27, 2015 Michael B. Gerrard, www.washingtonpost.com Create! Climate Change, Refugees, wealth inequality

By Michael B. Gerrard in Washington Post - Rather than leaving vast numbers of victims of a warmer world stranded, without any place allowing them in, industrialized countries ought to pledge to take on a share of the displaced population equal to how much each nation has historically contributed to emissions of the greenhouse gases that are causing this crisis. According to the World Resources Institute, between 1850 and 2011, the United States was the source of 27 percent of the world’s carbon dioxide emissions; the European Union, 25 percent; China, 11 percent; Russia, 8 percent; and Japan, 4 percent. To make calculating easy, let’s assume that 100 million people will need new homes outside their own countries by 2050. (That number could be way off in either direction — we won’t know until it happens.) Under a formula based on historic greenhouse gas emissions, the United States would take in 27 million people; Europe, 25 million; and so on.

Health Care Only For The Rich Under The TPP

June 26, 2015 Pete Dolack, www.zcomm.org Educate! Free Trade, Health Care, TPP, wealth inequality

Health care will take a large step toward becoming a privilege for those who can afford it rather than a human right under the Trans-Pacific Partnership. Government programs to hold down the cost of medications are targeted for elimination in the TPP, which, if adopted, would grant pharmaceutical companies new powers over health care. This has implications around the globe, as such rules could become precedents for the Transatlantic Trade and Investment Partnership and Trade In Services Agreement, two other deals being negotiated in secret. The U.S. Congress’ failure to pass “fast-track” authority in the past week has thrown a significant roadblock in the path of the Trans-Pacific Partnership, but by no means has this most audacious corporate power grab been defeated.

Steal From Taxpayers, Blame The Poor

June 22, 2015 Paul Buchheit, www.inequality.org Educate! Austerity, wealth inequality, Worker Rights and Jobs

By Paul Buchheit in Inequality - It’s a vicious circle of hypocrisy: Americans dependent on the safety net are urged to “get a job” by the same free-market system that pays them too little to avoid being dependent on the safety net. According to the Economic Policy Institute, $45 billion per year in federal, state, and other safety net support is paid to workers in the bottom 20 percent of wage earners. Thus the average U.S. household is paying almost $400 to employees in low-wage industries such as food service, retail, and personal care. A Demos study found that raising wages to $25,000 per year (about $12.50 per hour) for full-time retail workers would lift 734,075 people out of poverty. It would probably help a lot more.

Banks & Racist Policies Shaped Segregation, Police Brutality

June 19, 2015 Richard Rothstein, www.salon.com Educate! Banking, Housing, police brutality, Racism, Segregation, wealth inequality

By Richard Rothstein in Salon - Housing equity is Americans’ most important source of wealth. Average black family income is now about 60 percent of white family income, but black household wealth is only about 5 percent of white household wealth. This disparity is almost entirely attributable to federal policy that prohibited black families from accumulating equity during the suburban boom and thus from bequeathing that wealth to children, as whites have done. We don’t have what is commonly termed “de facto” segregation—primarily resulting from private prejudice, income differences, preferences to live separately, or demographic trends. Our segregation is “de jure,” resulting mostly from racially explicit public policies designed to create residential patterns we too easily accept as natural or accidental.

IMF Study: Inequality Hurts Growth, Calls For Wealth Redistribution

June 17, 2015 Aditya Tejas, www.ibtimes.com Educate! Capitalism, IMF, wealth inequality

By Aditya Tejas in International Business Times - The International Monetary Fund (IMF) said in a new report that income inequality is harming economies around the world, calling it the “defining challenge of our time.” The Monday study, which was the result of research from five IMF economists, drew attention to the issue of global inequality, dismissed “trickle-down” economics and urged governments to target policies toward the bottom 20 percent of their citizens. The study surveyed advanced, emerging and developing economies from 1980 to 2012, and found that inequality was exacerbated by technological progress, weakened labor groups, globalization and regressive tax policies. Weakened labor market laws were found to be associated with a boost in the income of the richest 10 percent.

Billionaire Fears The Poor Rising Up Against The Rich

June 12, 2015 Stephen D. Foster Jr., www.reverbpress.com Educate! Capitalism, Fear, wealth inequality

By Stephen D. Foster Jr. in ReverbPress - A billionaire finally had a epiphany and told all his wealthy friends about it. Johann Rupert is the filthy rich owner of Richemont, a luxury goods company that serves as parent company to jeweler Cartier. His net worth tops out at nearly $8 billion making him part of the 1% of wealthy people who are greedily taking control of most of the world’s wealth to the detriment of poor people and the middle class. According to Oxfam, an organization that fights poverty, the richest one percent are on pace to control more global wealth than the rest of the 99 percent combined by 2016. And it doesn’t show any signs of stopping. Unsurprisingly, most of the billionaires in the world live in the United States, where they hire armies of lobbyists to influence the passage of government policies that help them keep their vast wealth and keep it growing.

Marches In Guatemala Mark Historical Moment

June 8, 2015 Jeanette Charles, www.telesurtv.net Resist! Corruption, Guatemala, History, Latin America, wealth inequality

By Jeanette Charles in TeleSur - One of the people's demands is the resignation of corrupt officials. The majority of the heads of ministries have already resigned. There are massive demonstrations planned everywhere in the country and our other demands are: 1) the resignation of the president, and 2) the imprisonment of the Vice President for her theft of 40 million quetzals. It has been impossible to shift land and resources to the poor because the government cannot go against the rich. Drug trafficking is on fire in the plantation zone, it is incredibly strong there. There are even pastors who are deeply entrenched. These pastors tell their congregations to pray for life and forgiveness, meanwhile they themselves are central to the trafficking network. Drug trafficker Juan Ramirez, who was going to be extradited, maintained and financed Evangelical churches with luxurious buildings.

Fourteen Points On World Economy As US GDP Drops .7 Percent

May 30, 2015 Ian Welsh, www.ianwelsh.net Educate! Democracy, Finance and the Economy, wealth inequality

Let me put this another way: The developed world is in depression. It has been in depression since 2007. It never left depression. Within that depression, there is still a business cycle: There are expansions, and recessions, and so on. Better times and worse times. While cheap solar is a big deal, it is not yet deployed sufficiently to break the “widespread demand will crash the economy through oil price increases” problem, and this is exacerbated the by the deadlock rich elites have on most of the world’s politics and economic policies, since it is not in their interest to solve problems, but only to become more rich. Not that solving problems is something they mind, if it makes them richer and keeps everyone else poor.

The Numbers Are Staggering: U.S. Is ‘World Leader’ In Child Poverty

April 25, 2015 Paul Buchheit, www.alternet.org Educate! Children, Homelessness, Poverty, wealth inequality

The U.S. has one of the highest relative child poverty rates in the developed world. As UNICEF reports, "[Children's] material well-being is highest in the Netherlands and in the four Nordic countries and lowest in Latvia, Lithuania, Romania and the United States." Over half of public school students are poor enough to qualify for lunch subsidies, and almost half of black children under the age of six are living in poverty. Nearly half of all food stamp recipients are children, and they averaged about$5 a day for their meals before the 2014 farm bill cut $8.6 billion (over the next ten years) from the food stamp program. In 2007 about 12 of every 100 kids were on food stamps. Today it's 20 of every 100. he U.S. ranks near the bottom of the developed world in the percentage of 4-year-olds in early childhood education. Early education should be a primary goal for the future, as numerous studies have shown that pre-school helps allchildren to achieve more and earn more through adulthood, with the most disadvantaged benefiting the most. But we're going in the opposite direction.Head Start was recently hit with the worst cutbacks in its history.

22-Year Old Commits Suicide At Capitol To Send Message

April 16, 2015 Pam Martens, www.wallstreetonparade.com Educate! Congress, wealth inequality

At approximately 1:07 p.m. on Saturday afternoon, April 11, during the annual Cherry Blossom Festival celebrating springtime in the Nation’s Capitol, a 22-year old man took his own life with a gun on the Capitol grounds with a protest sign taped to his hand. According to the Washington Post, the sign read: “Tax the one percent.” Yesterday, the Metropolitan Police Department released the young man’s name. He was Leo P. Thornton of Lincolnwood, Illinois. Based on what is currently known, the young man had traveled to Washington, D.C. for the express purpose of making a political statement with his sign and then ending his young life. The Chicago Tribune reported that “Thornton’s parents filed a missing persons report on the morning of April 11 after he never came home from work on April 10, Lincolnwood Deputy Police Chief John Walsh said.”

Bank Workers: Stop Making Us Sell Shady Products To Poor People

April 16, 2015 Alan Pyke, www.thinkprogress.org Resist! Banking, Law, wealth inequality

The newest line of criticism for the banking industry is coming from within, as a group of rank-and-file banking employees prepare to demand that their employer stop ordering them to use predatory sales tactics and start treating them as a valued piece of the workforce. A group of tellers, loan officers, and customer service representatives from the country’s largest commercial banks will rally Monday outside office towers in Minneapolis to call attention to their own low pay and to consumer-harming sales policies they say are imposed on them by management. As part of the demonstrations, workers will ask to meet with executives at Wells Fargo to deliver a petition calling for the bank to do away with high-pressure sales quotas for its customer service staff.

Trillions In New Wealth, Millions Of Children In Poverty

April 16, 2015 Paul Buchheit, www.commondreams.org Educate! Children, Hunger, Poverty, usa, wealth inequality

America's wealth grew by 60 percent in the past six years, by over $30 trillion. In approximately the same time, the number of homeless children has also grown by 60 percent. Financier and CEO Peter Schiff said, "People don’t go hungry in a capitalist economy." The 16 million kids on food stamps know what it's like to go hungry. Perhaps, some in Congress would say, those children should be working. "There is no such thing as a free lunch," insisted Georgia Representative Jack Kingston, even for schoolkids, who should be required to "sweep the floor of the cafeteria" (as they actually do at a charter school in Texas). The callousness of U.S. political and business leaders is disturbing, shocking.

«1 2 3 4 5 6 7 8 9 10 »

assetto corsa mods

Daily movement news and resources