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"

Hitler Was a Left-wing Socialist Liberal Myth

The idea that “Hitler was a left-wing socialist liberal” is a myth. Hitler was a Fascist. Fascism has some socialist roots, but it is a unique right-wing authoritarian and nationalist ideology separate from socialism or liberalism.

The Estate Tax Is Fair Fact

The federal estate tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs is a fair tax that helps prevent a wealth gap over time.

Stability Breeds Instability Fact

Stability isn’t necessarily destabilizing, but as Hyman Minsky’s Financial Instability Hypothesis eludes: longterm stability breeds instability and diminishes resilience in economic markets, mainly due to psychological factors.

People With More Money Save More Fact

On average, those with more money save more, in both the short-term and long-term, while those with less money spend more and extend themselves on credit.

Blog Posts tagged with "Economic Inequality"

The Purpose of the Social Safety Net

The Social Safety net is a collection of welfare services meant to help people bounce up when they hit bottom, it is not meant as a net to trap the poor under.

The Progressive Federal Income Tax System Explained

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).

The 2007 – 2009 Financial Crisis Explained

We explain the Financial Crisis / Great Recession of 2007 – 2009 that began with the 2006 housing bubble, led to a recession in the U.S. by December 2007, and became a global crisis by 2009.

The Historical Effects of Wealth Inequality

We examine the historical effects of social, political, and economic inequality on society to see how it has led to social unrest and events like revolutions and populist uprisings.

Is America an Oligarchy?

The United States is a Federal Republic with democratic values that some claim contains a growing oligarchy (or corporatocracy). We look at those claims.

Wealth and Income Inequality

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 Explained

Velocity of Money is a measure of money exchanged over time, typically how often and quickly the average dollar is exchanged per day.

Book Reviews tagged with "Economic Inequality"