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The Whiny 1 Percent Calls Occupy Wall Street ‘Imbeciles’

The Occupy Wall Street protests, since they began, have received a fair bit of ire from the 1 percent, as some of the richest Americans have taken exception to the protesters’ focus on growing income inequality and the political power of corporations. Bloomberg today rounded up a series of billionaires and wealthy CEOs griping about [...]
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The Richest 0.1 Percent Of Americans Make Half Of All Capital Gains

US Politics / Liberal : The Wonk Room (3 years ago)

One of the factors driving the income inequality that has galvanized Occupy Wall Street is the preferable treatment investment income receives in the tax code. Because the capital gains tax is capped at 15 percent, “anyone making mo... Read Post

China’s Richest 1 Percent Hold 70 Percent Of Their Nation’s Private Wealth

US Politics / Liberal : The Wonk Room (2 years ago)

Occupy Wall Street protests last year drew significant attention to America’s income inequality, which has grown by leaps and bounds over the last few decades. But the U.S. is hardly the only nation grappling with extreme inequality... Read Post

In New York City, Home Of Occupy Wall Street, The Top 1 Percent Makes One-Third Of Total Income

US Politics / Liberal : Think Progress (3 years ago)

The Occupy Wall Street protests began in New York City as a way to bring attention to America’s increasing income inequality and the vast power held by corporations and the nation’s biggest banks. Currently, income inequality in the... Read Post

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