income inequality – News Stories About income inequality - Page 3

OPINION

Oct 15, 2012 1:55 PM CDT

We Need New Fixes for Inequality

The economists think the right and left are both out of ideas

(Newser) - Wealth inequality is a growing problem around the globe, but when politicians debate it "it mostly produces heat, not light," grumbles the Economist in a new op-ed. "At the core, there is a failure of ideas." Conservatives don't think inequality matters, and liberals think raising...

Gangnam Style:
The Substance
Behind the
Goofy Dance

Gangnam Style: The Substance Behind the Goofy Dance

It's a critique of South Korea's wealthiest residents

(Newser) - You might think PSY's viral horse dance , Gangnam Style, is hysterical, but the AP takes a look at the serious social commentary behind the rapper's theatrics. The video offers up a critique of Seoul's ritzy Gangnam neighborhood, which is filled with new money, plastic surgery clinics, and...

Rich, Poor Living Farther
and Farther Apart—Literally

Aug 2, 2012 9:52 AM CDT

Rich, Poor Living Farther and Farther Apart—Literally

Census data reveal that income inequality driving demographic shift

(Newser) - Rich Americans and poor Americans are increasingly segregating themselves into separate neighborhoods, as the gap between America's haves and have-nots widens, a Pew study of recent census data reveals. From 1980 to 2010, the number of high-income households located in affluent neighborhoods doubled to 18%, the Washington Post reports,...

6 Walmart Heirs Worth Same as Bottom 41% of US

Jul 18, 2012 6:00 PM CDT

6 Walmart Heirs Worth Same as Bottom 41% of US

Their combined worth is $89.5 billion

(Newser) - Who has more money: the six heirs to the Walmart fortune or the bottom 41.5% of all American families put together? Trick question—they're about the same. The Economic Policy Institute calculates that in 2010, six members of the Walton family were together worth $89.5 billion. That...

In Today's
America, Death
of a Salesman
Is Dead

OPINION

May 3, 2012 11:56 AM CDT

In Today's America, Death of a Salesman Is Dead

Because we have no middle class to celebrate

(Newser) - Philip Seymour Hoffman gives a bravura performance in the new revival of Death of a Salesman, but as he watched, Lee Siegel wondered "why the play was revived at all," he writes in the New York Times . After all, Salesman is about the delusions of the middle class,...

Romney's Bain Pal:
Rich Should Get Richer

NYT MAG COVER STORY

May 2, 2012 12:53 PM CDT

Romney's Bain Pal: Rich Should Get Richer

New book 'may be the most hated of the year' New York Times predicts

(Newser) - If you're angry about the growing divide between America's rich and poor, former Bain Capital executive Edward Conard has a message for you: Get over it. Conard is a member of the 0.1%, a top Mitt Romney donor, and the author of Unintended Consequences, a book arguing...

Stay-at-Home Mom?
Few Can Afford the Choice

EJ Dionne

Apr 19, 2012 11:37 AM CDT

Stay-at-Home Mom? Few Can Afford the Choice

EJ Dionne says it's not 'values' driving women to work, it's economics

(Newser) - Lost in the midst of the Ann Romney/Hilary Rosen "mommy war" was a simple truth: Most mothers today simply can't afford to stay home with their kids. "This is not about 'lifestyle' or 'values,'" writes EJ Dionne of the Washington Post . "This...

Buffett, Secretary
on Her Salary: MYOB

Jan 27, 2012 7:22 AM CST

Buffett, Secretary on Her Salary: MYOB

Bloggers are missing the point, he says

(Newser) - So what does Warren Buffett's secretary make? Neither Buffett nor Debbie Bosanek are spilling, despite a flurry of speculation after her star turn at the State of the Union address. "They can't attack the facts, so they attack the person. It's ridiculous," Buffett tells the...

Obama's Buffett Rule:
30% Minimum Tax
for Millionaires

Jan 24, 2012 8:58 PM CST

Obama's Buffett Rule: 30% Minimum Tax for Millionaires

Warren Buffett secretary Debbie Bosanek is there as a guest

(Newser) - President Obama made his expected pitch for the Buffett rule tonight, with Warren Buffett secretary Debbie Bosanek attending his State of the Union speech to hear it in person. After noting Buffett's complaint that she pays a higher tax rate than her billionaire boss, Obama fleshed out the details,...

Americans See
'Strong' Class Warfare

POLL SAYS

Jan 12, 2012 9:31 AM CST

Americans See 'Strong' Class Warfare

It now out-ranks racial, generational conflict

(Newser) - The number of Americans who think the rich and poor are in serious conflict has exploded over the past two years, with a whopping 67% now rating conflicts between the classes as either "strong" or "very strong," according to a new Pew Research poll —a 19-point...

Congress Is Increasingly Richer Than You

Dec 27, 2011 7:14 AM CST

Congress Is Increasingly Richer Than You

Figures show widening wealth gap, and with it polarization

(Newser) - Before he ran for Congress in 1974, Gary Myers was a steel mill worker. His campaign set him back $33,000. Today, Myers’ seat is occupied by Mike Kelly, a wealthy car dealer who married into the Phillips oil fortune. His campaign cost $1.2 million. That contrast is emblematic...

Rich Guys: We're Not
the Bad Guys, You Imbecile

Dec 20, 2011 1:42 PM CST

Rich Guys: We're Not the Bad Guys, You Imbecile

Members of the 1% tell Bloomberg they're tired of the criticism

(Newser) - The business story grabbing most of the buzz today is unquestionably a Bloomberg piece by Max Abelson in which he rounds up quotes from various rich bigwigs on how they feel about being vilified as the evil 1%. Answer: They do not like it one bit. Some of the juicy...

Desperate Obama Resorts
to Class Warfare

Charles Krauthammer

Dec 9, 2011 12:48 PM CST

Desperate Obama Resorts to Class Warfare

His policies have failed, so he's blaming the rich: Charles Krauthammer

(Newser) - President Obama's big speech in Kansas this week makes clear that he's going to resort to class warfare to try to win re-election, writes Charles Krauthammer in the Washington Post . With the economy in shambles, Obama is sticking to his simplistic stick-it-to-the-rich theme ("the breathtaking greed of...

Don't Raise Taxes
on Rich; Redirect
Money to Poor

OPINION

Nov 27, 2011 5:54 PM CST

Don't Raise Taxes on Rich; Redirect Money to Poor

Raising taxes would only create stagnation: Barone

(Newser) - "What should be done about income inequality?" This question "underlies the arguments hashed out in the supercommittee and promises to be a central issue in the presidential campaign," writes Michael Barone in the Washington Examiner . Barone's answer, based on a recent paper by Republican lawmaker Paul...

Bloomberg, Cops
Underscore
Occupiers' Point

NICHOLAS KRISTOF

Nov 20, 2011 10:18 AM CST

Bloomberg, Cops Underscore Occupiers' Point

OWS about occupying the national agenda, not city parks

(Newser) - With harsh police crackdowns against Occupy Wall Street protesters around the country, it's enough to make you wonder if Michael Bloomberg and the nation's police chiefs are actually on the side of the protesters, writes Nicholas Kristof in the New York Times . Of course they're not really,...

US Becoming 'Democracy
in Name Only'

paul krugman

Nov 4, 2011 1:32 PM CDT

US Becoming 'Democracy in Name Only'

Income inequality threatens 'whole nature of our society': Paul Krugman

(Newser) - A new CBO report tells the same old story, writes Paul Krugman in the New York Times : The very rich are getting much richer at the expense of everyone else. Cue the think tanks and "obfuscators" who say it ain't so for all kinds of reasons. They're...

Taxing Rich Won't
Help Middle Class

OPINION

Oct 30, 2011 3:16 PM CDT

Taxing Rich Won't Help Middle Class

Government has hurt Americans, not the rich, says Ross Douthat

(Newser) - You can raise taxes on the rich to fight inequality, but that will only "trim the tallest poppies" and won't do anything to help the middle class, says Ross Douthat in the New York Times . "True social mobility and broadly shared prosperity are not so easily achieved,...

Income of Top 1% Shot Up 275% Since 1979: CBO

Oct 26, 2011 7:52 AM CDT

Income of Top 1% Shot Up 275% Since 1979: CBO

And in the process more than doubled their share of all income

(Newser) - The top 1% of income earners saw their after-tax income shoot up a whopping 275% between 1979 and 2007, and in the process more than doubled their share of all income, jumping from 8% to 17%, according to a new report from the Congressional Budget Office . The rest of the...

Occupiers Are
Democracy's
'Primal Scream'

Nicholas Kristof

Oct 16, 2011 11:02 AM CDT

Occupiers Are Democracy's 'Primal Scream'

From Tahrir Square to Wall Street, protesters feel society rigged, says Kristof

(Newser) - Don't underestimate the parallels between Tahrir Square and Occupy Wall Street, writes Nicholas Kristof in the New York Times . He's interviewed plenty of protesters in both locations, and he says that people's responses were largely the same, the feeling that a small ruling elite is rigging the...

US Should Copy Model
of Its 'Lefty' Military

nicholas kristof

Jun 16, 2011 12:04 PM CDT

US Should Copy Model of Its 'Lefty' Military

It stresses people, education, and income equality: Nicholas Kristof

(Newser) - America is desperate to find ways out of its funk, and Nicholas Kristof thinks it would do well to copy a liberal-sounding model from an unlikely place—the US military. "The United States armed forces knit together whites, blacks, Asians, and Hispanics from diverse backgrounds, invests in their education...