Posts Tagged ‘disparity’

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Hedgefunds Billionaires vs. Kindergarten Teachers: Whose side are you on? 

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CNN: ‘Scandinavian Dream’ is true fix for America’s income inequality
  • Clamp down on Wall Street and require certain asset managers to disclose their holdings, returns and fees.
  • Enact a transaction tax to reduce short-term trading and encourage long-term investment.
  • Require companies to provide more information about their CEO’s pay relative to performance and workers’ earnings.
  • Raise taxes on capital gains and dividends.
  • Tax corporations on global income.

And to promote growth among the middle class, Stiglitz suggests that the U.S.:

  • Invest in infrastructure for long-term economic and job growth.
  • Strengthen workers’ bargaining rights.
  • Raise the minimum wage to reflect local economic conditions. (Many cities and metro areas could justify $15 an hour.)
  • Invest in young children through early education.
  • Require universal paid sick and family leave.

sarah

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Super rich are getting super richer

“Data confirm that the shares of income and wealth held by affluent families are at modern historically high levels,” the report said. “The gains in income and wealth shares have been concentrated among the top few percentiles.”

The report also looked at Americans’ earnings. While the median income of all Americans fell by 5% between 2010 and 2013, the mean income increased by 4%. That means gains by the wealthiest segment of the population pulled up the average.

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In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer. “

Read it and weep…

The Neo-Liberal Deception

 

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