Tag Archives: Wealth inequality

14 People Made More Money Than the Entire Food Stamp Budget for 50,000,000 People

14 People Made More Money Than the Entire Food Stamp Budget for 50,000,000 People
Above: Billionaire investor Warren Buffett.  (Photo: Fortune Live Media / flickr / cc) For the second year in a row, America’s richest 14 individuals made more from their annual investments than the $80 billion provided for people in need of food. Nearly half of the food-deprived are children. The fruits of American productivity go to the richest Americans, who can afford to hold onto their fortunes, defer taxes indefinitely, and then ... Read more

Global Inequality Reaches Levels Not Seen in Nearly 200 Years

Global Inequality Reaches Levels Not Seen in Nearly 200 Years
Photo: Dean Chahim/flickr/cc) “It is hard not to notice the sharp increase in income inequality experienced by the vast majority of countries from the 1980s,” the OECD report says.  Global income inequality has returned to levels recorded in the 1820s—when the Industrial Revolution produced sizable wealth gaps between the rich and poor—according to a new report released Thursday by the Organization for Economic Cooperation and ... Read more