New poem from Marge Piercy, how the rich and the rich in Congress despise and hate the poor..."If they could push a button, if they could war on the poor here at home as they do abroad directly with bombs instead of legislation, think they'd hesitate?"
America has been redistributing upward for some time – after all, “trickle-down” economics turned out to be trickle up — but we outdid ourselves in 2013. At a time of record inequality and decreasing mobility, America conducted a Great Redistribution upward.
The sad reality is that the only households with any 401(k) savings to speak of are white non-Hispanic, college-educated, married couples. Even within this narrow demographic, all but the wealthiest who use retirement accounts as tax shelters, would be better off under a more egalitarian and efficient system.
Inequality for All might convert a few, but, more importantly, it will give strength to all of us who are on the front lines of reversing income disparity in the U.S. and beyond.
Strikes, demonstrations and protests are at a record pace in Colombia this year as workers seek a bigger share of wealth generated by the country’s expanding economy. After 50 years of guerrilla warfare, the government’s success in weakening illegal armed groups has drawn investment and rewarded businessmen, while the gap between rich and poor remains considerable, according to the World Bank’s Gini index of income distribution.
In his powerful speech to the AFL-CIO convention, the famed economist says '95% of the gains from 2009 to 2012 went to the upper 1%.'
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