Our country's greatest failing, the true disaster, of our time: the scourge of growing inequality, economic and political. It is despicable as the very wealthy convert their financial might into political power to guard that wealth while exacerbating inequality further. This is the vast difference between a society whose arrangements serve all its citizens or one whose institutions have been converted into a stupendous fraud - democracy in name only.
The Ever-Growing Gap: Failing to Address the Status Quo Will Drive the Racial Wealth Divide for Centuries to Come
Institute for Policy Studies
The typical millionaire receives about $145,000 in public tax benefits, while working families get a grand total of $174 on average. In 2043, minorities will be the majority and the will have doubled. The lingering effects of generations of discriminatory and wealth-stripping practices have left black and Latino households far behind white families, and may impact their economic trajectories in the decades to come.
Last Week Tonight
The Indypendent, Issue #196
Subscribe to wealth gap
Reader Comments - U.S. Support Military Rule in Honduras; the New New Left; Stephen Colbert and Vladimir Putin; Income Inequality; Still more - GMO labeling; Occupy Wall Street and NYPD police tactics; Announcements - Welcome to Hebron - Bay Area-Sept 25; Lopsided Crisis: Ongoing Impact of the Great Recession - New York-Sept 27; Immigration Reform Concert & March - Oct 8- Washington, DC; Jobs with Justice-San Francisco - Bridging Solidarity and Power Together -Oct. 10