This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
November 5, 2011
The Problem With Flat-Tax Fever
By ROBERT H. FRANK
CLOSE watchers of presidential politics weren’t surprised to see many of this year’s Republican hopefuls proposing to replace the nation’s progressive income tax with a flat tax…
If you’re at the top, and you think that widening the wealth gap doesn’t effect you, let me put this gently: you are completely and totally wrong.
Richard Wilkinson, Professor Emeritus of Social Epidemiology at England’s University of Nottingham, r…
[Five ways income inequality happened, and will continue
On Friday October 28, 2011, 11:31 am EDT
By John Wasik
(Reuters) – As if on cue for an Occupy Wall Street commercial, the latest Congressional Budget Office report highlighted the large crevass…
Hey, Young Turks on trading desks, up-and-coming money managers and Wall Street stock jockeys: You want the truth about the global markets today? Listen to Jeremy Grantham, chairman of Boston-based inves…
Can the US resolve these issues?
1) An excess credit problem, left over from the 2000s Housing boom and credit bubble — being solved v e r y s l o w l y through deleveraging and passage of time;
2) Slowing economy and high unemployment (includin…
There was never any chance that in America income would be distributed like it was supposedly done in the Soviet Union – to each according to his ability and his needs. If capitalism is the key to the rise of the US economy, then the concept that …
Study finds income gap widening
By TIFFANY WRIGHT
Saturday, October 16, 2010 10:09 PM EDT
In the U.S. the rich keep getting richer and the poor are staying stagnant.
According to Census Bureau figures, last year saw the widest income gap between the…
October 16, 2010
Income Inequality: Too Big to Ignore
By ROBERT H. FRANK
PEOPLE often remember the past with exaggerated fondness. Sometimes, however, important aspects of life really were better in the old days.
During the three decades after World…
