OverviewEconomic disparity refers to a gap in income between (on the one hand) the wealthiest members of society and (on the other) those with the fewest economic resources.
Symptoms of severe economic disparity include:
- those at the highest income levels have wealth drastically out of proportion to the value or quality of their contributions to society
- a significant portion of the population is unnecessarily impoverished with respect to society's ability to provide a minimum level of welfare for all
Keywords: Richistan, income disparity, millionaires & billionaires
- 2011-07-18 [L..T] Too Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Congress was told that if the "too big to fail" banks did not receive bailouts that there would be chaos in the streets and this country would plunge into another Great Depression. Since that time, however, essentially no efforts have been made to decentralize the U.S. banking system. Instead, the "too big to fail" banks just keep getting larger and larger and larger.
- 2013-09-10 [L..T] Technology and the Distribution of Wealth
- 2014-01-08 [L..T] Kentucky Democratic Congressional Candidate Goes Undercover And Finds A Broken Economy. Awesome!
- 2014-03-15 [L..T] Extreme Capitalism Depends on Government Subsidies, Corporate Welfare and Worker Insecurity
- 2014-03-29 [L..T] Impact of Massive Tax Cuts on Kansas Offers a Warning to Wisconsin
- 2014-04-07 [L..T] If 97% of Americans Sold Everything They Owned and Spent It on Congressional Elections, They Still Couldn't Max Out To max out on one side of every race including PACs and parties would take $1,291,400. 97% of the country could not reach this limit if they emptied their bank accounts and liquidated all of their possessions. For a few lucky souls, however, $1.3 million is a drop in the bucket.
- 2014-04-12 [L..T] Worse Than You Can Imagine: The Super Rich Are Hiding Vast Sums of Money "Two new studies have revealed the wealthy have even more wealth than anyone probably thought they did. A study by Emmanuel Saez and Gabriel Zucman has shown that income has only been increasing for the top one-thousandth, while another study by Gabriel Zucman shows exactly where that money is going."
- 2014-04-21 [L..T] The government is a protection racket for the 1 percent
- 2014-04-22 [L..T] [[2014/04/22/Tech-fueled inequality offers two paths for humanity|]]
- 2010-06-04 [Talk|Index] Disturbing Job Ads: 'The Unemployed Will Not Be Considered' § “...red print at the bottom of the ad says, "Client will not consider/review anyone NOT currently employed regardless of the reason."”
- 2009-10-21 [Talk|Index] Goldman Sachs's Griffiths Says Inequality Helps All § “"We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all," [said Goldman Sachs International adviser] Brian Griffiths, who was [also] a special adviser to former British Prime Minister Margaret Thatcher...”
- 2009-08-05 [Talk|Index] Striking it Richer: The Evolution of Top Incomes in the United States (Update with 2007 estimates) § “The labor market has been creating much more inequality over the last thirty years, with the very top earners capturing a large fraction of macroeconomic productivity gains.”
- 2009-07-19 [Talk|Index] Too Big To Think About § “I don't think I was alone in finding it shockingly arrogant for Goldman Sachs to announce their insane bonuses last week. Trumpeting such a thing in the midst of this horrific economy is beyond poor taste.”
- 2007-12-06 [Talk|Index] Dow Jones CEO to leave after News Corp. takeover § “Dow Jones & Co. Chief Executive Richard Zannino said Thursday he'll step down from his post after News Corp.'s pending acquisition of the company closes, beginning what is expected to be a series of high-level executive changes in connection with the historic change in ownership.”
- 2003-02 [Talk|Index] Income Inequality in the United States, 1913-1998 § “This paper presents new homogeneous series on top shares of income and wages from 1913 to 1998 in the United States using individual tax returns data.”