Top Tweets for #USinequality
7/ Unlike past shutdowns, this exposes structural weaknesses: inflation, stagnant wages, and deep political dysfunction. #USInequality #PoliticalGridlock
@NotChaseColeman Binance gets hit as US institutions dive into crypto. Usual US bias towards corporations, not retail. Among 300M people, if you're not one of the 5M millionaires, the US might just be the worst place to live. #Binance #Crypto #USInequality
GOP & Dem presidents dumped $50 billion on rich pass-through owners without Congress #USInequality #USCorruption
🚨REMINDER:
@JoeBiden currently has the unilateral authority to close a $50 billion tax loophole that mostly benefits the wealthy.
But he refuses to do this, even amid the debt-ceiling debate. https://t.co/OihwMg0lm1
What is the 2020 election really about? The economy is great for rich people, not so much for everyone else
2020’s Biggest Story? The (Real) Economy, Stupid via @capitalandmain - https://t.co/demuKiuFLm #capitalandmain, #USinequality
On the same train line in Chicago you can find a three-decade gap in life expectancy. No city in America has a bigger gap https://t.co/XYmkrZMQlU
#USinequality It's official: 2018 stock buybacks + dividends = $1.2T. And >$8T 2009-18. Result: S&P500 up 315%.(Ditto DOW etc.) So where did $8T come from? $5T from Fed (QE) + $1T/yr. ($7T) in corp. bond issues (due to near zero Fed rates 2009-16) + tripling corp. profits by 2018
The 400 richest Americans (.00025% of the population) now own more than the 150m adults in the bottom 60%.
The richest have tripled their wealth since the early 80s.
The bottom 60%’s share of wealth has dropped from 5.7% in 1987 to 2.1% in 2014.
(via @washingtonpost)
#USinequality https://t.co/WFuFE3L4t3
At Yale, Dartmouth, Princeton, Penn, & Brown more students come from the top 1 percent of the income scale than from the entire bottom 60 percent. https://t.co/op6jmS1lvW
Research suggests that the simplest way to become extremely rich is by being born to the right parents
The declining share of labour in US 🇺🇸 https://t.co/vA5AmsuOPs … #USInequality
Nearly one third of Americans🇺🇸 have no non-home wealth
https://t.co/hFa3OviuBs via @FT #USEcon #USInequality
Though this IMF study finds that unionization, while significant in explaining labour's declining share of US income, is less important than technology & globalization https://t.co/vA5AmsuOPs #USInequality🇺🇸
One reason for the decline in the income share of US labour, methinks #USInequality 🇺🇸 https://t.co/8FsOrhxBtg
In 2015, there were 7.6 million union members in the private sector, 4.4 million fewer than in 1983. https://t.co/P2EmksWXWc
#USInequality. 8 bucks v Quarter of a Million $$ https://t.co/v4KsgiUfyU
Not a typo: The median net worth of non-immigrant African-American households in the Boston area is just $8. White households? $247,500. https://t.co/z8IsPqES71 https://t.co/MiHVE9Qdgm
"Inconspicuous consumption is the new conspicuous consumption" says https://t.co/l7EWcaUcL5 via @qz #USInequality
How rising #inequality reduces power to tax https://t.co/4VpHgzQeMb #RePEc #USInequality @MonashBusiness
One consequence of rising #inequality : reduces income taxation https://t.co/4VpHgzQeMb #RePEc #EconHis #USInequality @MonashBusiness
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