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Noting that "The top 1 percent own nearly half the country's stocks, bonds, and mutual funds," the video goes on to contrast those impressive holdings with the rest of the country.
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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 ...
Aristotle's Politics points out the same dilemma but proposes a different solution: instead of 'reducing democracy', he suggests to reduce inequalities with what we nowadays call a welfare state. The United States has seen an ongoing clash between pressure for more freedom and democracy (coming from below) and elite control (coming from above).
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 ...
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 ]
Inequality for All is a 2013 documentary film directed by Jacob Kornbluth and narrated by American economist, author and professor Robert Reich. Based on Reich's 2010 book Aftershock: The Next Economy and America's Future, the film examines widening income inequality in the United States. Reich publicly argued about the issue for decades, and ...
Emmanuel Saez, a professor of Economics at UC Berkeley has raised concern about income inequality in the United States. In his recent article, he stated that the income gap is at an all time high ...