Tag Archives: income gap

The Unraveling Quickens

By Charles Hugh Smith Source: Of Two Minds Even if we don’t measure the erosion of intangible capital, the social and political consequences of this impoverishment are manifesting in all sorts of ways. The central thesis of my new book … Continue reading

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The ‘Hidden Mechanisms’ That Help Those Born Rich to Excel in Elite Jobs

When two sociologists interviewed highly paid architects, TV producers, actors, and accountants, they encountered work cultures that favor the already affluent. By Joe Pinsker Source: The Atlantic Over the past five years, the sociologists Daniel Laurison and Sam Friedman have … Continue reading

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Survival of the Richest

All Are Equal, Except Those Who Aren’t By Nomi Prins Source: TomDispatch.com Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality that’s hiding in plain sight. And … Continue reading

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The Richest Sociopath in the World

By John Rachel Source: Dissident Voice Obviously the above pie chart is a put-on. It is well-documented that working conditions for most employees of Amazon are  abysmal, dehumanizing, bordering on abuse we normally associate with slavery. Moreover, the median employee’s salary under Jeff Bezos’ imperial … Continue reading

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What’s Wrong with the Economy: 9 Toxic Dynamics

By Charles Hugh Smith Source: Of Two Minds These nine dynamics are mutually reinforcing. Beneath the surface signals of an eternally rising stock market and expanding GDP, we all sense something is deeply, systemically wrong with the U.S. economy. These … Continue reading

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Assets of world’s “high net wealth” millionaires surged to $70 trillion in 2017

By Barry Grey Source: WSWS.org The concentration of the planet’s wealth in the hands of a narrow financial elite is growing by leaps and bounds. A new report published Tuesday reveals that the wealth of the world’s 18.1 million “high … Continue reading

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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

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“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

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