Tags » Income Inequality

How do self-made billionaires self-make their billions?

Previously, we posted that there are about 1,800 billionaires in the world and that about 2/3s of them are self-made … not just born lucky. 513 more words


Hillary hints at support for $12 minimum wage - July 30, 2015, 03:55 pm

Hillary Clinton hinted Thursday that she’s supportive of legislation hiking the minimum wage to $12.

Clinton, the front-runner in the Democratic presidential primary, has backed the concept of a wage hike on the campaign trail without specifying a figure — a reticence that’s been criticized by her closest rival, Sen. 197 more words


How many billionaires are there? How many are self-made?

With all of the vitriol now being cast at rich people, and with all of the broad-brush policy proposals to redistribute their wealth … you’re probably guessing a pretty big number, right? 247 more words

Wealth & Riches

What Happened to Middle Class America? - The Business of Life (Episode 7) - Vice News Published on Jul 22, 2015

As we inch closer to the 2016 election, presidential candidates and politicians have begun to phase out the term “middle class” from their vocabulary. Terms like “everyday Americans” and “hard-working taxpayers” are replacing the once-common term. 117 more words


Unbridled capitalism is the 'dung of the devil', says Pope Francis - Reuters Thursday 9 July 2015 21.49 EDT

The pontiff condemns the impoverishment of developing countries by the world economic order and apologised for the church’s treatment of native Americans

Pope Francis has urged the downtrodden to change the world economic order, denouncing a “new colonialism” by agencies that impose austerity programs and calling for the poor to have the “sacred rights” of labor, lodging and land. 215 more words

Income Inequality

Amid New Overtime Rules, More Employers Might Set Email Curfew - Yuki Noguchi JULY 08, 2015 3:36 AM ET

The buzzing phone or ding of an email from the bedside table might be standard these days. But a long-awaited proposal that would increase the number of employees eligible for overtime pay could mean more companies curtailing the use of email after hours. 278 more words


The American housing crisis is threatening to put us all on the streets - STEVEN ROSENFELD, ALTERNET WEDNESDAY, JUL 1, 2015 02:15 AM PDT

A new study reveals apartment rents are skyrocketing, and low- to moderate-income households are feeling the pinch

On Monday, New York City took a dramatic step that highlights just how out of control rental housing costs have become in the Big Apple and in many cities nationwide. 398 more words

Income Inequality