Browsing the "gap" Tag

Rise of Cooperatives and Credit Unions is Revolutionizing the US Economy

May 6th, 2013 | by Rhonda Winter

Recently I was listening to an engrossing radio interview with the visionary economist and author, Gar Alperovitz, as he was discussing his new book, What Then Must We Do?, which highlights the rise of cooperatives, worker ownership and the restructuring of our failing economy from the bottom up


Pelosi Demands $10.10 Minimum Wage Raise Amid Historic Stock Market Profits

March 10th, 2013 | by Rhonda Winter

This week House Minority Leader Nancy Pelosi stated that the historic profits recently made by Wall Street demand that our nation increase the minimum wage to at least $10.10 an hour. The California Democrat explained that these enormous corporate financial gains have not translated into higher wages for most workers, and millions of working families are facing severe hardships as they continue to struggle


Video Shows US Wealth Gap is Now So Huge that it Soars Off Charts

March 3rd, 2013 | by Rhonda Winter

It seems like every month the number of people who are unemployed, or in need of food stamps soars to record new levels, while corporate profits continue to skyrocket. Attempting to describe the gargantuan disparity in wealth that exists in the United States is increasingly difficult. Currently 1% of our population now possess 40% of our nation's wealth, while the bottom 80% of us own just a scant 7%


Romney’s Binders Full of Women Gaffe Spawns New Internet Meme

October 17th, 2012 | by Rhonda Winter

During last night's debate, while Mitt Romney was decisively not answering a question about the disparity in pay equity for women, the former governor stuck his gold-plated foot directly into his mouth once again. As he rambled on, the clueless plutocrat patronizingly quipped that when he was in office he was brought "binders full of women". Before the presidential debate was even over, another new internet meme had been born


United States is Now the Most Unequal of All Industrialized Nations

July 28th, 2012 | by Rhonda Winter

Jon Stewart spoke with Nobel Prize-winning economist Joseph Stiglitz about how the extreme concentration of wealth in the hands of a few plutocrats is destroying the very principles upon which our country was founded: "It seems like people are not angry at wealth or success, they get frustrated by what appears to be an entirely different set of rules put in place by the wealthy, who then say: 'Hey man, I'm just playing by the rules', as though those rules were an arbitrary design of the free market."


Global Elites Hide Trillions in Secret Offshore Economy Each Year

July 23rd, 2012 | by Rhonda Winter

A new report has been published which compiles detailed information about the enormous amount of money that is being hidden by billionaires in offshore accounts. The research, The Price of Offshore Revisited, shows that over 21 trillion dollars, more than the total combined GDPs of both the United States and Japan, are being sequestered out of sight into the legally murky offshore economy. The super elite are using every available resource to exploit loopholes in cross-border tax rules to avoid paying their fair share


Excessive CEO Pay Fuels Our Nation’s Expanding Income Inequality

May 4th, 2012 | by Rhonda Winter

The growing income inequality in the United States is making our economy very volatile and unstable. Executive compensation and CEO pay have helped to fuel that rapidly expanding wealth gap, as well as our country's financial crisis. The Economic Policy Institute has just released a report detailing how the grotesque expansion of CEO pay has helped to create our nation's huge chasm in income


Richest 1% Continue to Fuel Even Greater Income Inequality in U.S.

March 21st, 2012 | by Rhonda Winter

The United States is becoming an increasingly severely stratified plutocracy. The Center on Budget and Policy Priorities just released a new study proving that the richest 1% are continuing to amass greater and greater amounts of wealth, while the rest of the population is still struggling financially


Top 5% in U.S. Own Nearly 2/3 of Everything

April 2nd, 2011 | by Rhonda Winter

It is difficult to comprehend just how rich the plutocracy in the United States has now become. The distribution of wealth and resources in this nation is even more extreme and inequitable than what we are all earning for our wages (if you are fortunate enough to actually even have a job). According to new research released by the Economic Policy Institute,"The State of Working America's Wealth", the volatility and turmoil in our economy continues to increase, as the massive chasm between the grotesquely rich and everyone else grows even more immense


Senator Bernie Sanders Speaks Truth to Power

December 11th, 2010 | by Rhonda Winter

Senator Bernie Sanders (I-VT) really gives me hope, and is one of the few elected officials who actually speaks the truth about what is happening in this country. Sanders, a stalwart defender of working families and self-described socialist, took to the Senate podium to systematically denounce the Obama/GOP tax "compromise". The senator's office described the historic speech as a “tax cut filibuster”. Sanders clearly explained his fervent opposition to the White House and Republican unsustainable tax cut deal which greatly benefits the increasingly wealthy plutocracy



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