income inequality

Income Inequality Has Risen In Nearly Every State Over The Last Three Decades

Think Progress reports:

Income inequality has grown in nearly every state in the country over the last three decades and continues to climb across the nation, according to new report from the Center on Budget and Policy Priorities and the Economic Policy Institute.

While a slow recovery from the Great Recession for middle- and low-income families has exacerbated income inequality in the short-term, government policies that are preferential to the wealthy and the long-term stagnation of wages have caused significant growth in the gap between the wealthiest 20 percent of Americans and the poorest fifth, the report found. Across the country, the richest 20 percent make eight times more than the average income of the bottom 20 percent, a ratio that didn’t exist in a single state 30 years ago:

In the United States as a whole, the poorest fifth of households had an average income of $20,510, while the top fifth had an average income of $164,490 — eight times as much. In 15 states, this top-to-bottom ratio exceeded 8.0. In the late 1970s, in contrast, no state had a top-to-bottom ratio exceeding 8.0.

Read more here.

Poverty Rate Remains at Record Levels

The U.S. Census Bureau released its 2011 poverty report this morning, reporting that 46.2 million people were living in poverty, amounting to 15 percent of the population. Neither was significantly different than 2010. All major demographic categories – white, African-American, Hispanic, Asian – were also essentially the same as last year.

The number of children and the elderly in poverty remained the same.

America Wants Great Equality

Duke professor Dan Ariely writes for The Atlantic

The inequality of wealth and income in the U.S. has become an increasingly prevalent issue in recent years. One reason for this is that the visibility of this inequality has been increasing gradually for a long time--as society has become less segregated, people can now see more clearly how much other people make and consume. Owing to urban life and the media, our proximity to one another has decreased, making the disparity all too obvious. In addition to this general trend, the financial crisis, with all of its fall out, shined a spotlight on the salaries of bankers and financial workers relative to that of most Americans. And on top of these, and most recently, the upcoming presidential election has raised questions of social justice and income disparities, bringing the issues into focus even more.

Check out the piece for more insight 

Is Income Inequality to Blame for the Faltering Economic Recovery?

In a thought-provoking piece for Al Jazeera, Yale lecturer John Stoehr writes:

According to a study by the Center for American Progress, there is a striking correlation between the decline of infrastructure and the rise of inequality over the past four decades. In other words, the more money going to the top income earners, the more the rest of us deal with potholes, decrepit bridges, rusting rail cars and the rest.

Read the full piece here

NFL Salary Increase Ten Times the Poverty Line

Two things to consider:

1) On Sunday, the NFL announced that it had increased the salary cap for athletes by $225,000. Last year, players could make $120.375 million dollars per year; this year they can make $120.6 million.

2) The income requirements for an American family of four to be above the poverty limit is $23,050 – a figure nearly one tenth the amount of the .2 percent increase awarded to athletes.

The Morning News: Tuesday, Dec. 20, 2011

New Law Aims To Shine Light on Conflict Metals; Immigration Effort Mistakenly Holds U.S. Citizens; North Korea’s Persecution of Christians Expected to Continue After Kim Jon Il’s Death; Muslims push Lowe’s boycott over reality series; Two Muslim religious leaders sue airlines for discrimination; Christianity goes global as world’s largest religion; (Opinion) Obama’s simplistic view of income inequality.

The Morning News: Thursday, Dec. 8, 2011

‘Morning Joe’ Crew Mocks Perry’s War On Christmas Ad; Odd Couples: Gingrich Casts Wide Net To Evangelicals, Tea Party And K Street Lobbyists; The Real War On Christmas; GOP Presidential Hopefuls Make Bid For Jewish Vote; Republicans: Save Social Security!; Protesters Arrested In DC After K Street Shutdown; Obama To Congress: Don’t Mix Oil Pipeline, Payroll Tax Cut; Income Gap Stays Wide In District, Narrows In Suburbs.

The Afternoon News: Monday, Dec. 5, 2011

Ron Paul Defends The 99 Percent: ‘It’s A Very Healthy Movement’; SWAT Raids, Stun Guns, And Pepper Spray: Why The Government Is Ramping Up The Use Of Force; GOP Needs To Address Immigration In A 'Humane' Way; Gap Between Rich And Poor Widening Across The Developed World, As Bankers And Executives Reap More Income; Challenges At The Cutting Edge Of Fighting Global Poverty; Baby Boomers Heading Back To Seminary; Worst Year Ever For Greenhouse Gases.

The Morning News: Monday, Nov. 28, 2011

Policy-Making Billionaires, Poverty In The Midst Of Plenty: Hunger Persists In The United States; The Religion Of An Increasingly Godless America (OPINION); Evangelicals Flocking Toward Newt Gingrich; Rev. Jackson Calls For New War On Poverty; Improving Social Justice Indicators Will Create A Better U.S. (OPINION); Is The Black Church The Answer To Liberal Prayers?; Catholic Charities' Human Trafficking Program Loses Federal Funds; Air Force Academy Adapts to Pagans, Druids, Witches and Wiccans.

God and Class Warfare

Wall Street has been devastating Main Street for some time. And when the politicians -- most of them bought by Wall Street -- say nothing, it's called "responsible economics." But when somebody, anybody, complains about people suffering and that the political deck in official Washington has been stacked in favor of Wall Street, the accusation of class warfare quickly emerges. "Just who do these people think they are," they ask. The truth is that the people screaming about class warfare this week aren't really concerned about the warfare. They're just concerned that their class -- or the class that has bought and paid for their political careers -- continues to win the war.

So where is God in all of this? Is God into class warfare? No, of course not. God really does love us all, sinners and saints alike, rich and poor, mansion dwellers and ghetto dwellers. But the God of the Bible has a special concern for the poor and is openly suspicious of the rich. And if that is not clear in the Bible nothing is.