A key measure of US income inequality rose to a new record in 2021, the first year of President Joe Biden’s term. The so-called Gini Index rose by 1.2% last year to 0.494, according to data released Tuesday by the …
by Charles Hugh-Smith Try to find a developing-world kleptocracy in which the top few collect more than 97% of the income from capital. There aren’t any that top the USA, the world’s most extreme kleptocracy. We’re Number 1. Imagine a …
by Charles Hugh-Smith We have an extraordinary opportunity to transform our unsustainable “waste is growth” economy and toxic inequality to sustainable systems that optimize well-being rather than collapse. The possibility that the United States could fragment is no longer a …
Unlike the U.S., where inequality is the main driver of financial wealth, China is dead serious about fixing inequality:https://t.co/uHluDL0SsG "U.S.-Listed Chinese Stocks Have Lost Another $150 Billion In Market Value This Week As Beijing Targets ‘Excessive’ Wealth" pic.twitter.com/O37i5QXo2z — Mac10 …
CBs have bought some $900mn worth of financial assets every hour over the past 15 month. Keep that in mind 👇H/T @themarketear pic.twitter.com/86u3C3LLsA — Menthor Q (@MenthorQpro) June 27, 2021 This just got updated 6 days ago. Heckuva job @federalreserve …
"If inflation comes back, inequality gap will shrink." This is idiotic. Inflation is the most regressive tax. https://t.co/eYPhdkZnRq — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) June 18, 2021 Reminded me of this pic.twitter.com/Ee79MLkd7x — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) …
https://twitter.com/NorthmanTrader/status/1402261377369182215 Real Wages have to catch up to everything pic.twitter.com/4MwmqSx4eA — Win Smart, CFA (@WinfieldSmart) June 8, 2021
KETCHUM, Idaho — In a town where some of the wealthiest people in the country keep lavish homes, glittering and vast against a backdrop of sweeping mountains, officials are mulling over a plan to allow Ketchum’s nurses, teachers, and service …
By Harry Dent Tax Day Monday. Have you filed yet? A tax professional friend of mine told me recently that he’s surprised every year to see how many people leave their tax filing to the last minute. Maybe they’re too …
So how do we stop the 1%, .01% and the .00025 with a tool that is actually effective? Obviously the ‘Occupy Movement’ was a failure for many reasons with the most glaring being it was hijacked by the wealthy. Turning …
by Jesse Colombo As seen on Forbes by RealInvestmentAdvice.com’s Jesse Colombo: “America’s Wealth Inequality Is At Roaring Twenties Levels.” With the 2020 presidential race kicking off and the election of a new crop of radical politicians, U.S. economic inequality and …
by Michael Snyder If you add together all of the money owned by the poorest 3.8 billion people living on this planet, it would roughly equal the wealth controlled by the 26 wealthiest men in the world. Oxfam has just …
via RT: The gap between the super-rich and the rest of the world has never been wider, with 26 people now owning the same amount of wealth as 3.8 billion of the less privileged, global charity Oxfam said in a …
via GoldenGatorBridge: Sources: 2016: Global Wealth Databook 2016 (pp. 106ff) 2000: UN University: The World Distribution of Household Wealth Tools: Visualization using Python, Pandas Matplotlib and Seaborn. The Gini index measures inequality in a distribution. 100 means that one person owns everything, 0 means that …
Moody’s: It “will exacerbate already material fiscal challenges on the horizon.” If unaddressed, “social tensions will continue to rise.” By Fred Dunkley, Safehaven.com: Credit-analysis firm Moody’s Investors Service is sounding the alarm bells over “rising inequality” as the gap widens between America’s rich and …
This is an embarrassment! All that welfare and nothing to show for it . “But but we are the 5th largest economy “ “But but tech companies !” — Were California a Country It’d be the 17th Most Unequal Nation …
40% of all multinational profits and 50% of US ones are in tax havens, US companies report more profits in Ireland than China, Japan, Germany, France and Mexico combined. 10% of global GDP is being held inside tax havens ~ …
by Fabius Maximus Summary: While the news media fills the air with flotsam and jetsam, powerful forces reshape America. Chief among them is rising income inequality. Like so much happening to us, it results from rational policies skillfully executed by our …
by howmuch Wealth and income inequality are growing areas of concern. A report from Oxfam found that 82% of all wealth created throughout the world in 2017 went to the top 1%. 8 individuals literally own as much money as 3.8 billion people. It’s …
https://twitter.com/OccupyWisdom/status/1034839993750093824
by stockboardasset According to researchers at the Economic Policy Institute (EPI), a Washington, D.C.-based liberal think tank, the top 1 percent of American families took home approximately 26.3 times as much income as the bottom 99 percent in 2015— a 4 percent increase …
“We don’t see any bubbles (’00, ’07,’18)…It will all trickle down…. QE1 is working, no QE2 is working…no, surely QE3 will work…the Fed is not the cause of inequality….we don’t manipulate markets ($15T glbl QE+0% rates)…inflation is too low!” H/T: …
by Jim Quinn You will find more infographics at Statista There is increasing recognition that GDP measures or GDP per capita are insufficent when it comes to understanding the true economic well-being of households. That has resulted in research becoming increasingly …
by Jesse “In progressive societies the concentration [of wealth] may reach a point where the strength of number in the many poor rivals the strength of ability in the few rich; then the unstable equilibrium generates a critical situation, …
by stockboardasset A new report by the U.N. Special Rapporteur on extreme poverty and human rights in the United States finds about 40 million live in poverty, 18.5 million in extreme poverty, and 5.3 million live in Third World conditions. The 20-page report …
https://twitter.com/dlacalle_IA/status/1008364394131148800
Argentina has been bailed out by the IMF with the biggest ever loan in IMF history. UK retailers are in trouble, more stores are closing down and the press is contributing this to online sales. Consumer credit growth has slowed, …
via theguardian: That’s the claim made by the authors of The Inner Level, which furthers arguments first laid out in their 2009 work, The Spirit Level. They reveal the bleak truth about uneven societies In 2009, when the world was still …
by Daniel Carter Ever since the Great Recession of 08-09, we have been inundated with news about the growing gap between the rich and the poor. These narratives have been amplified in recent years by the growing influence of socialism in …
Authored by Alex Deluce via GoldTelegraph.com, In the United States, the proven route out of poverty has always been education. A higher level of education has been viewed to be the direct cause of a higher level of income. Surprising studies …