• The China Miracle: A Rising Wealth Gap - Forbes
  • Who Rules America: Wealth, Income, and Power
  • The US Income distribution does not look like a

Norton, M. I., & Ariely, D. (2010, forthcoming). Building a better America - one wealth quintile at a time. .

20.01.2013 · China's wealth gap gets wider

How the wealth gap is damaging the U.S. economy - CBS News

How the wealth gap is damaging ..
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Freedom incents the creators to empower YOU and as many other people in the world as possible. There's little an entrepreneur likes better than a bunch of ever-richer loyal customers. Remember, the wealth you see around you ; it was and is CREATED wherever the right CONDITIONS OF FREEDOM (including the rule of natural law evenly applied, with the rigorous protection of individual rights including property rights and respect for contracts, effective prosecution of the perpetrators of force and fraud, and the ease of engaging in trade without the interference or "permissions" of politicians and bureaucrats) are established and guaranteed.

the actual income gap in the U.S

The income gap between the CEO and the next tier of ..
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Citizens for Tax Justice, a research group that's been studying tax issues from its offices in Washington since 1979, provides the information we need. When all taxes (not just income taxes) are taken into account, the lowest 20% of earners (who average about $12,400 per year), paid 16.0% of their income to taxes in 2009; and the next 20% (about $25,000/year), paid 20.5% in taxes. So if we only examine these first two steps, the tax system looks like it is going to be progressive.

 

Business Ownership Will Close the Wealth Gap | HuffPost

May 05, 2016 · Business Ownership Will Close the Wealth Gap
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There's a much deeper power story that underlies the self-dealing and mutual back-scratching by CEOs now carried out through interlocking directorates and seemingly independent outside consultants. It probably involves several factors. At the least, on the workers' side, it reflects their loss of power following the all-out attack on unions in the 1960s and 1970s, which is explained in detail in an excellent book by James Gross (1995), a labor and industrial relations professor at Cornell. That decline in union power made possible and was increased by both outsourcing at home and the movement of production to developing countries, which were facilitated by the break-up of the New Deal coalition and the rise of the New Right (Domhoff, 1990, Chapter 10). It signals the shift of the United States from a high-wage to a low-wage economy, with professionals protected by the fact that foreign-trained doctors and lawyers aren't allowed to compete with their American counterparts in the direct way that low-wage foreign-born workers are.

The wealth gap is not a problem
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This document focuses on the "Top 1%" as a whole because that's been the traditional cut-off point for "the top" in academic studies, and because it's easy for us to keep in mind that we are talking about one in a hundred. But it is also important to realize that the lower half of that top 1% has far less than those in the top half; in fact, both wealth and income are super-concentrated in the top 0.1%, which is just one in a thousand. (To get an idea of the differences, take a look at an who works for the well-to-do and very rich. It nicely explains what the different levels have -- and how they got it. Also, David Cay Johnston (2011) has written a column about , based on 2009 IRS information.)


But although the wealth gap between ..

We also need to distinguish wealth from . Income is what people earn from work, but also from dividends, interest, and any rents or royalties that are paid to them on properties they own. In theory, those who own a great deal of wealth may or may not have high incomes, depending on the returns they receive from their wealth, but in reality those at the very top of the wealth distribution usually have the most income. (But it's important to note that for the rich, most of that income does not come from "working": in 2008, only 19% of the income reported by the 13,480 individuals or families making over $10 million came from wages and salaries. See Norris, 2010, for more details.)

The Income Gap: How Much Is Too Much? : NPR

It’s too simple to say that serious policy makers want to disincent innovation with Robin Hood tactics. A more nuanced view is that the nascent populist movement in the Democratic party is a response to an infected corporate governance culture that has created an uber executive class, whose members sit on each other’s boards, giving each other obscene pay packages.

The Income Gap: How Much Is Too ..

The problem is not when executives of successful companies are compensated well, but when executives of failing companies are also compensated excessively. I would argue most families in the middle class may have increased their incomes at the cost of needing two workers in the family which due to child care issues plus other expenses has actually decreased their overall wealth. Having Bill Gates clip coupons is not the issue, its preserving the American Dream that if you work hard you can be successful.