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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.
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 ]
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 was originally published by Basic Books in 2015, with an updated version published in 2016. In the work, Sowell argues against the notion that economic equality is solely natural, and examines geographic, cultural, social, and political factors that have contributed to the wealth of groups and nations.
A dress worn this week by Democratic Congresswoman Alexandria Ocasio-Cortez (D-NY), which bore the message "tax the rich," set off a wave of debate over how best to address wealth inequality, as ...
The title was used originally in Senator Paul Wellstone's book of the same name in 2001. Wellstone's title was a response to Barry Goldwater's 1960 book The Conscience of a Conservative. In the book, Krugman studies the past 80 years of American history in the context of economic inequality. A central theme is the reemergence of both economic ...
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 ...
Americans have the highest income inequality in the rich world and over the past 20–30 years Americans have also experienced the greatest increase in income inequality among rich nations. The more detailed the data we can use to observe this change, the more skewed the change appears to be ... the majority of large gains are indeed at the top ...