Showing posts with label Income Inequality. Show all posts
Showing posts with label Income Inequality. Show all posts
Friday, January 30, 2026

The wealth inequality of today's K-shaped economy goes back to the Reagan Revolution

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Wealth inequality and the ‘K-shaped’ economy are more striking than ever, data shows   They take vacations and buy luxury goods. You struggl...
Friday, February 5, 2021

In January 2021 just 47.4% of the civilian population had full-time jobs, compared with 2020's average of 47.3%

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Biden reportedly said in response to the employment situation summary today: "At that rate it's going to take ten years to get back...
Thursday, January 28, 2021

Berman and Milanovic show increased "intersection between the top decile of capital-income recipients and labor-income earners" since Reagan 1986 tax reform has led to higher income inequality

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Regrettably the study does not mention another factor, how free-trade, particularly with China and East Asia generally, helped drive wages i...
Tuesday, February 18, 2020

LOL, what a shock: Chicom state capitalism has produced the most severe income inequality in the world, enriching The Party

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Story . According to the Proceedings of the National Academy of Sciences of the United States, China has the world’s highest Gini coef...
Monday, July 29, 2019

LOL: Rat-infested cities tend to be Democrat cities

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Trump’s Attack on Baltimore Doesn’t Go Far Enough: Take a look at the eight other cities that beat Baltimore on Orkin’s rattiest cities ...
Saturday, January 5, 2019

Ann Coulter says she agrees with AOC: Raise taxes on the rich

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Ann just wants to punish the Koch Brothers in the process, but there's a better reason to agree. Good government acts like a curb...
Monday, August 6, 2018

Frank Rich: The sole upside of the 2008 crash is that it exposed the kleptocratic Establishment of both parties

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The chief kleptocrat, of course, was Bill Clinton, but Franky doesn't mention that, nor that his hero Barack Obama, who in the worst...
Tuesday, July 3, 2018

You first, English jerk

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Billionaire Richard Branson: America should give out free cash to fix income inequality
Thursday, December 7, 2017

American business abandoned America starting in 2000, investing gargantuan sums abroad instead of here at home

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This is why we have so much income inequality in 2017. American business increased investment levels abroad by 282% since the year 20...
Saturday, November 4, 2017

How to tax the rich and only the rich as originally intended in 1913, and solve a lot of problems

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In 1913 when the average Joe made about $800 a year, the first income tax under the 16th Amendment didn't worry him because he didn...
Saturday, July 22, 2017

Income inequality has increased really for just one reason: Growth of owner occupied housing is in decline

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Homeownership is the ticket to the middle class, and fewer and fewer tickets are being issued:
Tuesday, April 26, 2016

Scott Winship in National Review thinks only 37% can't cover a $400 expense, not 47%

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The toxicity of "47" from the 2012 election remains. Here . How still over a third is hard put to come up with $400 fo...
Monday, December 21, 2015

Scott Sumner is simply an ideologue, and a confused one at that, otherwise he wouldn't be as unhappy as he is

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In " Libertarians have nowhere to turn " Scott Sumner the market monetarist laments: ' In my view neither major politica...
Sunday, December 7, 2014

How massive government debt remains the biggest impediment to growth

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Nominal GDP increased $604.9 billion dollars in 2013. The interest payment on the debt for fiscal 2013 was $415.7 billion,...
Saturday, October 4, 2014

Hahahahaha: Obama decries income inequality after $50k/plate fundraiser

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h/t John Kass
Friday, June 20, 2014

Bank Failure Friday . . . two tonight: the 10th and 11th in 2014

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Reported here and here . The FDIC still insures 6,730 institutions through March 31, 2014. In February 2007, over 500 bank failures ago, th...
Saturday, June 14, 2014

The problem with free-market ideology in our time isn't about the tax code, it's about patriotism

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Free-marketeers in our time want to wipe away the favors of the tax code, many of which go to the middle class in the form of credits and de...
Thursday, May 1, 2014

The Case Shiller Home Price Index Shows Housing Prices Almost 20% Above The Long Term Mean Level

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The current level of the Case Shiller Home Price Index is 152.48 and the mean level is 127.51. About 140 on the index looks like the...
Wednesday, April 30, 2014

America Becomes France, Shrugs Shoulders Over Disastrous Q1 GDP Of 0.1%, News Media Avoid Story

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No major news outlet makes the disaster of GDP under Obama, who owns the absolute worst record in the post-war, the lead story this mornin...
Tuesday, April 22, 2014

The rapid rise of income inequality in the US dates from the close of the gold window

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From The New York Sun, here : The top decile's share of income went from something like 33% in 1971 to above 47% by 2010. Hm...