Inequality's Rising, But It's Not The Kind You Think

Wednesday, May 2, 2012 Inequality's Rising, But It's Not The Kind You Think There's a gap between America's richest citizens and everybody else. And that gap has been growing larger for years. No, it's not income inequality. We're talking about debt. The vast majority of Americans are deeper in debt than ever, while the richest sliver of the population has actually seen its debt go down in the last 30 years or so, according to International Monetary Fund research recently cited by CNN. It's not only bad news for the debtors themselves; this kind of pattern has emerged before, according to CNN -- and each time, it was followed by a major U.S. financial downturn. Foreclosure Victims Aim To Take Over County Courthouses 'Storm Chasers' Allegedly Profited Illegally Off Haiti Disaster CEO Pay Absolutely Exploding Compared To That Of Workers Doctors, Nurses, Social Workers Charged In Historic Medicare Bust Foreclosure Vandals Threat: 'Only Going To Get Worse' BLOG POSTS Richard Kirsch: Occupy Is Right: It's the Economy, Stupid. And Don't Forget Democracy Unlike most advocates for economic justice or democracy who have separated the issues, the Occupiers got this right. We can't have an economy that works for the 99 percent until we put our democracy in the hands of the 99 percent. Dean Baker: Everyone Agrees That the Decline in Private Sector Pay Has Been Understated The cost to taxpayers of public employees' compensation packages are on average no greater than the cost to private sector employees. The big difference is that public employees can expect a considerably more secure retirement. Jared Bernstein: Tax Cuts and Job Growth: They're Just Not That Into Each Other The three policy ideas I hear most often for greater job creation are cut taxes, cut regulation, and more education. While I support the latter, especially for those whose access is blocked by income constraints, none of these ideas will do much to increase the quantity of jobs. Rep. Brad Miller: The Rhyme of History: Wall Street Edition Mark Twain supposedly said that history does not repeat itself, but it does rhyme. I devoutly wish Obama administration policies would rhyme more with the New Deal, and rely less on the free verse of "nudging" the nation towards a broadly-shared prosperity. Jared Gutstadt: Tips From the Rock n' Roll CEO #1: When's the Best Time to Shoot Off an Email? Here's something obvious: We live in a sickening world of non-stop info. Here's something maybe less obvious: Sometimes, the best time to get an important person's attention is to hit 'em up at a weird time.

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