Global Inequality

  • Report: America’s income inequality is on par with Russia’s, December 15, 2017, CBS News: “The lopsided fortunes of America’s richest and poorest citizens are now on par with Russia’s after three decades of rising income inequality, according to a new report from economists Thomas Piketty and Emmanuel Saez…”
  • U.S. lawmakers are redistributing income from the poor to the rich, according to massive new study, By Christopher Ingraham, December 15, 2017, Washington Post: “Back in 1980, the bottom 50 percent of wage-earners in the United States earned about 21 percent of all income in the country — nearly twice as much as the share of income (11 percent) earned by the top 1 percent of Americans. But today, according to a massive new study on global inequality, those numbers have nearly reversed: The bottom 50 percent take in only 13 percent of the income pie, while the top 1 percent grab over 20 percent of the country’s income…”

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