Economic 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, the one percent
- 2014-04-22 [L..T] Tech-fueled inequality offers two paths for humanity – "digital Athens" or bleak dystopia “"It turns out there's no economic law that says everybody is going to share equally when technology brings some of these wonders to the planet," Brynjolfsson said. "It's quite possible for some people, even possible for a majority of people, to be made worse off in absolute terms."”
- 2014-04-21 [L..T] The government is a protection racket for the 1 percent
- 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."
- 2014-04-07 [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.
- 2014-03-29 [L..T] Impact of Massive Tax Cuts on Kansas Offers a Warning to Wisconsin
- 2014-03-15 [L..T] Extreme Capitalism Depends on Government Subsidies, Corporate Welfare and Worker Insecurity
- 2014-01-08 [L..T] Kentucky Democratic Congressional Candidate Goes Undercover And Finds A Broken Economy. Awesome!
- 2013-09-10 [L..T] Technology and the Distribution of Wealth
- 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.