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Participation inequality usually helps political theorists determine where democracies fail or when political institutions are not democratically responsive. When political systems are too unequal in terms of political participation, it most generally means that there is a breakdown in the ability of all citizens to politically deliberate to ...
For much of the past decade, policymakers and analysts have decried America's incredibly low savings rate, noting that U.S. households save a fraction of the money of the rest of the world. Citing ...
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[38] [39] More recently, the so-called "Rajan hypothesis" [40] posited that income inequality was at the basis of the explosion of the 2008 financial crisis. [41] The reason is that rising inequality caused people on low and middle incomes, particularly in the US, to increase their debt to keep up their consumption levels with that of richer ...
It’s no secret that there’s a large wealth gap in the United States, and it’s been growing larger in recent years.Federal Reserve data show that as of June 2023, the top 1% of U.S ...
Wherever there is a great property, there is great inequality. For one very rich man, there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. The affluence of the rich excites the indignation of the poor, who are often both driven by want, and prompted by envy to invade his possessions.
It is the top 1% that have pulled away from the top 20%, and most especially "the top 0.1% or even 0.01%" that has grown richer than the rest of the population. [ 11 ] Share of pre-tax household income received by the top 1%, top 0.1% and top 0.01%, between 1917 and 2005 [ 12 ] [ 13 ]
Video. Follow Us. Inflation is how ‘democracies die’: Charlie Munger. February 16, 2022 at 3:58 PM ...