Silver as an investment

Category Archives: Economic inequality in the United States

“Wealth Effect” = Widening Wealth Inequality

Authored by Charles Hugh Smith via OfTwoMinds blog, Note that widening wealth and income inequality is a non-partisan trend. One of the core goals of the Federal Reserve's monetary policies of the past 9 years is to generate the "wealth effect": by pushing the valuations of stocks and bonds higher, American households will feel wealthier, […]

Four Charts Prove The ‘Economic Recovery’ Is Just A Fed-Induced Entitlement Program For The Wealthy

“Economic recovery” in America no longer means what it used to mean.  Historically “economic recovery” was largely characterized by job and wage growth, distributed across the income spectrum, and a rebound in GDP growth to north of ~3%-5%.  These days, the notion of “economic recovery” has been hijacked by the Fed and bastardized in such […]

How The American Dream Turned Into Greed & Inequality

Authored by Alberto Gallo via WEForum.org, The American Dream is broken. Paul Ryan, speaker of the House of Representatives, recently stated that "in our country, the condition of your birth does not determine the outcome of your life." Yet the idea that every American has an equal opportunity to move up in life is false. […]

The Globalists Are Systematically Destroying America’s Middle Class

Authored by Michael Snyder via The Economic Collapse blog, When people are dependent on the government they are much easier to control. We are often told that we are not “compassionate” when we object to the endless expansion of government social programs, but that is not how the debate should be framed. In America today, […]

Illinois Had The Worst Personal Income Growth In The U.S. Over The Past Decade

Submitted by Austin Berg, of IllinoisPolicy.org Illinois’ jobs growth was worse than every neighboring state, and half the neighboring state average from June 2016 to June 2017, according to a new report. Data released July 27 by the Illinois Department of Employment Security, or IDES, reveals Illinois’ jobs growth from June 2016 to June 2017 […]

“It’s Not Just Wages” – Workers Without College Degrees Face “More Instability”

If you believe San Francisco Fed President John Williams, the US labor market has almost never been ore robust than it is today. Of course, middle- and working-class Americans who are struggling with levels of financial uncertainty that would be unfamiliar to their parents’ generation don’t necessarily care that the official unemployment rate is 4.4%. […]

Redefining The Middle Class: It Isn’t What You Earn & Owe, It’s What You Own That Matters

Authored by Charles Hugh-Smith via OfTwoMinds blog, No wonder the "middle class" has lost political power – it has lost the economic power of the ownership of productive assets. Longtime correspondent Mark G. observed that the key phrase in yesterday's excellent commentary by correspondent Ron G. is property-owning middle class. Mark wrote: "It appears to […]

USA 2017 Vs. France 1789 – “The Third Estate Has Been ‘Handled'”

Authored by Lee Travis via Defiant Thinking blog, Most people are familiar with the story of the French Revolution: When the poor revolted against the unfairness and wealth inequality imposed by the aristocrats, they overthrew the monarchy and beheaded more than 40,000 people, mostly clergy and noblemen, as punishment for their crimes and injustices. The […]

How Governments Justify Theft is a Fallacy: Wealth Was Created before Taxation

Via The Daily Bell Do we owe society taxes? Tax day is tomorrow. Some people get excited because they will get money back which the government withheld–a clever trick that makes people feel less oppressed and plundered by filing taxes. Something the regressive left likes to say is that taxes are justified because of the infrastructure […]

See Where Immigrants Out-Earn US-Born Citizens

America is a nation built by (legal) immigrants, and on the premise that anyone can make it to the top. While that may be true, most new arrivals find themselves starting at the bottom of the pile. As HowMuch.net details, right across the country, households headed by persons born outside the U.S. earn less than […]