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Don’t Blame the Poor for the Faults of Our Economy

Alyssa Davis Economic Policy Institute
Despite our growing economy and the fact that poor workers are now more educated than ever, rising inequality has worked to keep low-income people in poverty. This increase in inequality was driven by stagnating wages for low- and middle-income households. Since 1979 increasing inequality has been the largest poverty-boosting factor, outweighing racial identity and family structure and completely eclipsing the effects of overall economic growth and educational attainment

After Lobbying by Obama, Senate Agrees to Vote on Trade Bill After All; Why Elizabeth Warren is Fighting the TPP

Jonathan Weisman; Bud Meyers
The Trans Pacific Partnership (TPP) - what's at stake? Why the secrecy, why the rush, why cut-off debate and input? The reason is - Money, big money, says the New York Times. Major American business interests, from Nike to Boeing and Hollywood to Silicon Valley, want the deal badly. Labor and environmental groups see it as a threat to American workers at the expense of profits.

Income Inequality: An Existential Threat to the Nation’s Future

Eduardo Porter New York Times
On nearly all indicators of mortality, survival and life expectancy, the United States ranks at or near the bottom among high-income countries. Pick almost any measure of social cohesion over the last four decades and you will find the United States took a wrong turn along the way. The bloated incarceration rates and rock-bottom life expectancy, the unraveling families and the stagnant college graduation rates amount to an existential threat to the nation’s future.

The Numbers are Staggering: US is `World Leader' in Child Poverty (in "Developed" Countries)

Paul Buchheit; Max Fisher
The callousness of America's political and business leaders is shocking. A new report from UNICEF, on the well-being of children in 35 developed nations, turned up some alarming statistics about child poverty. More than one in five American children fall below a relative poverty line. The United States ranks 34th of the 35 countries surveyed, above only Romania and below virtually all of Europe plus Canada, Australia, New Zealand and Japan. (The Washington Post)

Friday Nite Videos -- April 17, 2015

Portside
The Jon Stewart Mysteries Presents. Amandla Stenberg: Don't Cash Crop On My Cornrows. Do Federal Taxes Reduce Income Inequality? The Wanted 18: Movie Teaser. Jimmy Page: How Stairway to Heaven Was Written.

Do Federal Taxes Reduce Income Inequality?

Just how unequal is the U.S. before taxes? How much, or how little, does the tax code change that? David Wessel, Director of the Hutchins Center on Fiscal and Monetary Policy, explains.
 

Friday Nite Videos -- April 3, 2015

Portside
The Next System Project. Wealth Inequality in America. George Carlin: How Does Our Economic System Work? Leonard Cohen -- Everybody Knows. Introducing Anti-Unionol.

Economic Inequality: It’s Far Worse Than You Think

Nicholas Fitz Scientific American
According to Pew Research, most Americans believe the economic system unfairly favors the wealthy, but 60% believe that most people can make it if they’re willing to work hard.

Wealth Inequality in America

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
 
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