Viewing spaceghoti's Snapzine
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1.
How the Other Fifth Lives
For years now, people have been talking about the insulated world of the top 1 percent of Americans, but the top 20 percent of the income distribution is also steadily separating itself — by geography and by education as well as by income. This self-segregation of a privileged fifth of the population is changing the American social order and the American political system.
Posted in: by FivesandSevens -
2.
Robin Hood in a Time of Austerity
In this version of Robin Hood the traditional poor – the unemployed, the disabled, refugees – have been put into the conceptual box where the rich used to be. By James Meek.
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3.
How the rich have only got richer since 2000
Less than one per cent of the wealth created since 2000 has gone to the poorest 50 per cent of the world's population, new research has revealed. The finding comes as the world’s richest business leaders and most powerful heads of state gather in Davos for the start of the annual four-day summit. Fifteen years into the millennium, the evidence suggests the world’s rich are only getting richer, while the least well-off half of the world remain in borderline poverty.
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4.
The Argument for Universal Basic Income - Evonomics
What stands in its way?
Posted in: by jenjen1352 -
5.
When You’re Poor, Life’s Little Annoyances Actually Ruin Your Life
It is impossible to be good with money when you don’t have any. Full stop. If I’m saving my spare five bucks a week, in the best-case scenario I will have saved $260 a year. For those of you that think in quarters: $65 per quarter in savings. If you deny yourself even small luxuries, that’s the fortune you’ll amass. Of course you will never manage to actually save it; you’ll get sick at least one day and miss work and dip into it for rent. Gas will spike and you’ll need it to get to work.
Posted in: by spaceghoti -
6.
Life and death under austerity
In times of economic trouble, governments can choose to cut public services to save money. But at what cost? Mary O’Hara meets those on the sharp end of austerity in the UK to find out what it means for mental health.
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7.
Economics Is Too Important to Be Left to Economists
Inequality and other pressing issues are fundamentally political, and political scientists must take up the gauntlet. By Robert B. Reich
Posted in: by FivesandSevens -
8.
"We're Not Broke" Political Documentary
America is in the grip of a societal economic panic. Lawmakers cry, "we're broke!" as they slash budgets, lay off schoolteachers, police, and firefighters, crumbling our country's social fabric and leaving many Americans scrambling to survive. Meanwhile, multibillion-dollar American corporations like Exxon, Google and Bank of America are making record profits.
Posted in: by racerxonclar -
9.
The Great U-Turn
Do you recall a time in America when the income of a single school teacher or baker or salesman or mechanic was enough to buy a home, have two cars, and raise a family? My father (who just celebrated his 100th birthday) earned enough for the rest of us to live comfortably. We weren’t rich but never felt poor, and our standard of living rose steadily through the 1950s and 1960s.
Posted in: by Cobbydaler -
10.
Ireland and Greece
Ireland is often regarded as a success story for Eurozone austerity, compared to the total failure of Greece. That can lead to nonsense like this: instead of whingeing, the Greeks should buckle under and get on with it as Ireland has done. An alternative narrative is to explain the different experience of the two economies by looking at structural factors, as in these two examples.
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11.
Entrepreneurs don't have a special gene for risk—they're rich kids with safety nets
The cult of the entrepreneur teaches us the wrong lesson.
Posted in: by learnerkid