Tag Archives: income gap

A 2% Financial Wealth Tax Would Provide A $12,000 Annual Stipend To Every American Household

Careful analysis reveals a number of excellent arguments for the implementation of a Universal Basic Income. By Paul Buchheit Source: Nation of Change It’s not hard to envision the benefits in work opportunities, stress reduction, child care, entrepreneurial activity, and … Continue reading

Posted in Corporate Welfare, culture, Economics, elites, Financial Crisis, Inequality, Labor, Recession, society, Sociology, Technology, Work | Tagged , , , , , , , , , , , , , , , , , , , , | 7 Comments

“If poor people knew how rich rich people are, there would be riots in the streets”

By Staff, Anticap.wordpress.com Source: Popular Resistance Chris Rock may be right. Still, Americans are well aware that economic inequality in their country is obscene, even though they often underestimate the growing gap between the poor and the rich. But it’s … Continue reading

Posted in Corporate Crime, culture, Economics, elites, Financial Crisis, Housing Crisis, Inequality, Recession, Social Control, Social Engineering, society, Sociology | Tagged , , , , , , , , , | 4 Comments

Time To Make Life Hard For The Rich

By Hamilton Nolan Source: Splinter It is time for polite, respectable, rational people to start saying what has become painfully obvious: It is time to stop respecting the rich, and start stealing from them. In earnest. Inequality is eating America … Continue reading

Posted in Activism, Corporate Crime, culture, Economics, elites, Hackers, Inequality, Revolution, society, State Crime | Tagged , , , , , , , , , , , , , , , , , | 4 Comments

Slaves and Bulldozers, Plutocrats and Widgets

By Kristine Mattis Source: CounterPunch There is not an industrial company on earth, not an institution of any kind – not mine, not yours, not anyone’s – that is sustainable. I stand convicted by me, myself alone, not by anyone … Continue reading

Posted in Activism, Consumerism, Corporate Crime, culture, Dystopia, Economics, Environment, Financial Crisis, Inequality, Philosophy, Social Control, Social Engineering, society, Sociology, State Crime, Technology | Tagged , , , , , , , , , , , , , , , , , , | 4 Comments

Human Anxiety in Late-Stage Capitalism

  By Phil Rockstroh Source: Consortium News A number of recent press articles, including an over 8,000-word feature piece in The New York Times have asked, to quote the Times’ headline, “Why Are More American Teenagers Than Ever Suffering From Severe Anxiety?” … Continue reading

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This Chart Defines the 21st Century Economy

By Charles Hugh Smith Source: Of Two Minds There is nothing inevitable about such vast, fast-rising income-wealth inequality; it is the only possible output of our financial and pay-to-play political system. One chart defines the 21st century economy and thus … Continue reading

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It’s time to call the housing crisis what it really is: the largest transfer of wealth in living memory

By Laurie Macfarlane Source: OpenDemocracy.net One of the basic claims of capitalism is that people are rewarded in line with their effort and productivity. Another is that the economy is not a zero sum game. The beauty of a capitalist … Continue reading

Posted in culture, Economics, elites, Financial Crisis, Housing Crisis, Inequality, Neoliberalism, Recession, Social Control, society, Sociology | Tagged , , , , , , , , , , , , , | 1 Comment

The social and economic roots of the attack on democratic rights

Inequality and the American oligarchy By Eric London Source: WSWS.org A report published September 27 by the US Federal Reserve, the Survey of Consumer Finances, shows that the top 10 percent of Americans now own 77 percent of all wealth. … Continue reading

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