Inequality and the New York subway
. An infographic from the New Yorker
: The United States has a problem with income inequality. And it’s particularly bad in New York City—according to recent data from the U.S. Census Bureau, if the borough of Manhattan were a country, the income gap between the richest twenty per cent and the poorest twenty per cent would be on par with countries like Sierra Leone, Namibia, and Lesotho.
posted by nickyskye
on Apr 16, 2013 -
How Private Is 'Private Charity'?
Private charity may be more accurately described
as "private donations coupled with involuntary, tax-financed public subsidies." And it's not fair
: "very low-income people paying only payroll taxes get hardly any leverage for their donations. Very high-income people in states with high income-tax rates – such as New Jersey and New York – can through the tax code virtually double the money funneled to a charity per dollar of their own sacrifice." (previously
posted by kliuless
on Jan 17, 2011 -
US income distribution moves towards 3rd world profile?
- US Census Bureau
data on growing family income inequality, 1947 to 2001. Also see: The
(for a graphic depiction of current US wealth distribution).
"The most egalitarian countries have a Gini index in the 20s. European
countries like Germany, Austria, Belgium, Hungary, Poland, Norway, and Sweden all fall in that
range, according to World Bank figures. Canada and Australia are just over 30. The United States
is around 40...Once inequality reaches 50 percent, disparities become glaringly obvious, to the
point where they undermine a society's sense of unity and common purpose....Sierra Leone takes
the prize. At 63 percent, it offers the world's most extreme example of inequality."
By multiple measures, income
in the US is rapidly increasing, and a substantial percentage of middle class Americans may be gradually sliding into poverty.
posted by troutfishing
on Jan 15, 2003 -