All wealth is created by workers. What separates the wealthy from the working classes is how it’s distributed. The problem isn’t that America has lost its work ethic; it’s inequality of power, and what’s missing is fairness.[...]
Posts Tagged ‘inequality’
April 28th, 2015 - 8:38 am § in America
What causes inequality?
Hint: Studies have shown the best predictor of success in America is how wealthy or poor your parents are. Here’s an interesting subtext: An experiment by a Harvard researcher that tested employer attitudes found a white job applicant (actually a research associate) claiming to have jus[...]
October 22nd, 2014 - 3:56 pm § in America
It’s Really Happening: America’s Middle Class Is Vanishing
America is experiencing not only income inequality, but also wealth inequality, which isn’t surprising. What’s shocking is how far it has gone. The post-World War 2 gains made by the middle class have been completely eradicated, and U.S. wealth distribution is now back at 1940s levels,[...]
October 15th, 2014 - 9:28 am § in The Ave Scene
Bill Gates discusses income inequality
Bill Gates reviews Thomas Piketty’s tome on income inequality. His perspective is worth consideration. Wealth and Capital Why Inequality Matters By Bill Gates on October 13, 2014 A 700-page treatise on economics translated from French is not exactly a light summer read—even for someone w[...]
September 24th, 2014 - 4:47 am § in Misc.
Berkeley Blog: A review of Picketty
Inequality In the Twenty-First Century john powell, director, Haas Institute for a Fair and Inclusive Society | 5/2/14 | As part of his nationwide book tour, French economist Thomas Piketty stopped in San Francisco to speak to overflowing lecture halls. ….. Piketty’s new book, Capital in the[...]