Economic inequality describes the income or wealth gap between individuals in a group and between groups. The term also typically implies the negative social consequences of the wealth or income gap.
Factoids tagged with "Economic Inequality"
The United States has the world’s highest incarceration rate and hosts more prison inmates than all other developed nations combined.
Over half of American families pay little to no federal income tax after tax credits and deductions. Payroll taxes, excise taxes, and sales taxes hit the average American the hardest.
Extreme equality and an extreme inequality are both equally as dangerous in a democratic society. In both cases it corrupts the government.
Andrew Carnegie, John D. Rockefeller, and other Barons of Industry freely gave away most of their fortunes to charitable and philanthropic causes.
Blog Posts tagged with "Economic Inequality"
We present a simple guide to Marx, Marxian class theory, Marx’s theory of history, and Marx’s economic theories to help westerners understand what Marx was all about.
In America we have a Progressive Federal Income Tax system broken down into “tax brackets”. Tax Filers pay the “marginal tax rate” on each dollar of income in a given bracket (after most deductions, but before tax credits).
Below we explain neoliberalism, globalization, nativism, and protectionism and the pros and cons of neoliberal globalization and nativist protectionism.
Below we present an annotated version of Andrew Carnegie’s 1889 essay Wealth (better known as the Gospel of Wealth).
We examine political and economic inequality in terms of their effects on society, such as the social unrest that led to historic revolutions like those of Athens, Rome, France, and even America.
The United States is a Federal Republic with democratic values that some claim contains a growing oligarchy (or corporatocracy). We look at those claims.
We explain economic inequality from a historical perspective, and then consider the effects of wealth inequality and income inequality in America today.
Velocity of Money is a measure of money exchanged over time, typically how often and quickly the average dollar is exchanged per day.