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Tag Archives: inequality
Institutional Policies and Practices not Personal Ambition Linked to White/Black Wealth Gap
A new study, “The Roots of the Widening Racial Wealth Gap: Explaining the Black-White Economic Divide,” by the Institute on Assets and Social Policy (IASP) at Brandeis University demonstrates the ever increasing household wealth gap along racial demographics cannot soley … Continue reading
Posted in Economy, Government, Higher Education, Income Distribution, Inequality, Secondary Education, Socio-economic Status, Wealth
Tagged ambition, blacks, education, homeownership, household income, inequality, inheritance, institutional policies, race, socio-economc status, wealth gap, whites
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Prominent Economists Who Believe Runaway Inequality Can Cause Financial Crises
Ritholtz collects a list of prominent economists who believe in the association of economic inequality and financial crises “A who’s-who’s of prominent economists in government and academia have all said that runaway inequality can cause financial crises: Robert Shiller Joseph Stiglitz Andrew … Continue reading
Top Hedge Fund Manager Earned as Much in One Hour as the Median Family Earned in 47 Years
Les Leopold puts inequality into a perspective most people will understand (except the inequality deniers): • “In 2010, the top hedge fund manager earned as much in one HOUR as the average (median) family earned in 47 YEARS. • The top 25 … Continue reading
How Charter Schools Exclude the Kids They Don’t Want
The National Education Policy Center has an interesting and provocative summary of an investigative reporter’s research on the how charter schools exclude the kids they don’t want. “Stephanie B. Simon, investigative reporter for Reuters, has written a stunning exposé of … Continue reading
Nobel Laureate Explains Why Inequality is Stifling Economic Recovery
Nobel Laureate, Joseph Stiglitz, explains why inequality is stunting economic recovery. “There are four major reasons inequality is squelching our recovery. The most immediate is that our middle class is too weak to support the consumer spending that has historically … Continue reading
Posted in Economy, Inequality, Socio-economic Status, Taxes
Tagged aggregate demand, business cycle, capital gains, great recession, inequality, middle class, Stiglitz, tax rates, taxes, top 1%
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Three ‘Male Crisis’ Facts You May Have Missed
Kay Hymowitz reports in her new book, Manning Up: How the Rise of Women Has Turned Men into Boys, three incredible facts about gender, income and status: Women between 25-34 with college educations now outnumber men in their age group. The … Continue reading
Income Inequality Identified as a Major Global Risk
For years I have been trying to convince my wealthy friends that growing income inequality is inimical to their self interests. My “it’s in your self-interest to reduce income inequality” arguments usually take two forms: 1) Too much income inequality adversely … Continue reading
How Much Has Free Trade with China Lowered Manufacturing Employment in the U.S.?
A new study (Pierce and Schott, 2012) has found normalization of trade relations with China has lowered manufacturing employment in the U.S. by 29.6% compared to what it would have been without the change in free trade policy. Instead of … Continue reading
Posted in Economy, Government, Income Distribution, Inequality
Tagged China, economy, free trade, hourglass economy, inequality, manufacturing
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Relationship of Tax Revenue as a Percent of GDP with Inequality
I’m wondering about the relationship between income inequality and tax revenues as a percent of GDP. After gathering tax revenue data from the Blackrock and inequality data from OECD I produced the following graph, depicting the inverse relationship between income … Continue reading
Posted in Economy, Government, Inequality, Taxes
Tagged GDP, gini coefficient, goods and services taxes, income taxes, inequality, payroll taxes, profit taxes, property taxes, social security taxes, taxes
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More on Guns, Murders, Firearm Assualts and Inequality: By States
After downloading data from the OECD and The Gaurdian I produced the following graphs depicting the relationship between firearms murders, assaults and robberies with inequality by state. I. Firearms Murders and Inequality By State A direct relationship exists between firearms … Continue reading
Posted in Inequality
Tagged assaults, firearms, gini coefficient, inequality, murder, robberies
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