Tag Archives: Income Inequality

What’s Changed and What Hasn’t in a Tumultuous Year

By Charles Hugh Smith Source: Of Two Minds Inequality is America’s Monster Id, and we’re continuing to fuel its future rampage daily. What’s changed and what hasn’t in the past year? What hasn’t changed is easy: 1. Wealth / income inequality … Continue reading

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The Coming War on Wealth and the Wealthy

By Charles Hugh Smith Source: Of Two Minds Here’s looking at you, Federal Reserve–thanks for perfecting ‘legalized looting’ and neofeudalism in America. The problem with pushing a pendulum to its maximum extreme on one end is that it will swing … Continue reading

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The Top 10%’s Bubble Is About to Burst

By Charles Hugh Smith Source: Of Two Minds When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real. A great … Continue reading

Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, Neoliberalism, Oligarchy, Recession, Revolution, Social Control, Social Engineering, society, Sociology, State Crime, Technocracy | Tagged , , , , , , , , , , , , , , , | 1 Comment

What’s the future of U.S. democracy? More inequality, polarization and violence

It might have been irrelevant whether Biden or Trump won this election. Yes, the problems are that bad By Ramzy Baroud Source: Information Clearing House In January 2017, the Economist Intelligence Unit’s Democracy Index downgraded the state of democracy in the United … Continue reading

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‘$2.5 TRILLION THEFT’ – STUDY SHOWS RICHEST 1% OF AMERICANS HAVE TAKEN $50 TRILLION FROM BOTTOM 90% IN RECENT DECADES

  The median U.S. worker salary would be around twice as high today if wages kept pace with economic output since World War II, new research revealed. By Brett Wilkins Source: Common Dreams New research published Monday found that the top … Continue reading

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The 5-Step CEO pay scam

Grossly widening inequalities of income and wealth cannot be separated from grossly widening inequalities of political power in America. This corruption must end. By Robert Reich Source: Nation of Change Average CEO pay at big corporations topped 14.5 million dollars in … Continue reading

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Unrealistically Great Expectations

By Charles Hugh Smith Source: Of Two Minds Our expectations have continued ever higher even as the pie is shrinking.. Let’s see if we can tie together four social dynamics: the elite college admissions scandal, the decline in social mobility, the … Continue reading

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Prices, plutocrats, and corporate concentration

Would less corporate concentration – and a weaker corporate capacity to raise prices – mean less inequality? By Sam Pizzigati Source: Nation of Change Andrew Leigh, a member of the Australian parliament, has a side gig. He just happens to … Continue reading

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