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 Socialist Myth

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

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 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 Historical Effects of Wealth Inequality

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.

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.