Browsing articles tagged with " inequality"
Mar 5, 2015
boyce

Guaranteed income from common wealth

Peter Barnes writes in Yes! magazine:

THERE’S LONG been a notion that, because money is a prerequisite for survival and security, everyone should be assured some income just for being alive.  The notion has been advanced by liberals such as James Tobin, John Kenneth Galbraith, and George McGovern, and by conser­vatives like Friedrich Hayek, Milton Friedman, and Richard Nixon.  It’s embedded in the board game Monopoly, in which all players get equal payments when they pass Go.  And yet, with one exception, Americans have been unable to agree on any plan that guarantees some income to everyone.  The reasons lie mostly in the stories that surround such income.  Is it welfare?  Is it redistribution?  Does it require higher taxes and bigger government?  Americans think dimly of all these things.

But then, there’s the exception.

Read all about it here.

Jan 18, 2015
boyce
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Inequality.org

A portal for people seeking information and analysis on economic inequality in the United States, with lots of data, news items and links:

http://inequality.org/

Jan 7, 2015
boyce
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CEO Payday

The numbers tell the story (source: Economic Policy Institute).

 

Dec 27, 2014
econ4org
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Facing climate adaptation

Econ4’s James Boyce writes in the Los Angeles Times:

In the years ahead, climate change will confront the world with hard choices: whether to protect as many dollars as possible, or to protect as many people as we can.

 

Read more here.

Dec 15, 2014
boyce
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Let them eat toxic waste?

A video made by UMass-Amherst students compares wealth-based to rights-based principles for allocating environmental quality:

Dec 2, 2014
boyce
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Global wealth: who has how much?

The latest edition of the 2014 Global Wealth Report from Credit Suisse sheds light on the distribution of assets worldwide:

Source: http://savvyroo.com/chart-1365549786238-our-unequal-globes-billions-and-trillions

Read more here.

Nov 21, 2014
boyce
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Inequality of opportunity

Nobel laureate Joseph Stiglitz writes:

A rich country with millions of poor people. A country that prides itself on being the land of opportunity, but in which a child’s prospects are more dependent on the income and education of his or her parents than in other advanced countries. A country that believes in fair play, but in which the richest often pay a smaller percentage of their income in taxes than those less well off. A country in which children every day pledge allegiance to the flag, asserting that there is “justice for all,” but in which, increasingly, there is only justice for those who can afford it. These are the contradictions that the United States is gradually and painfully struggling to come to terms with as it begins to comprehend the enormity of the inequalities that mark its society.

Read more here.

Nov 5, 2014
boyce
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More on Ebola and profit-guided health care

Unusually blunt words from World Health Organization Director Margaret Chan:

Ebola emerged nearly four decades ago. Why are clinicians still empty-handed, with no vaccines and no cure?

Because Ebola has historically been confined to poor African nations. The R&D incentive is virtually non-existent. A profit-driven industry does not invest in products for markets that cannot pay. WHO has been trying to make this issue visible for ages. Now people can see for themselves.

Read her speech here. See press coverage here.

Oct 24, 2014
boyce
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Why no Ebola vaccine?

When the availability of health care is guided by corporate profit and state security, poor Africans just don’t count:

Almost a decade ago, scientists from Canada and the United States reported that they had created a vaccine that was 100 percent effective in protecting monkeys against the Ebola virus. The results were published in a respected journal, and health officials called them exciting. The researchers said tests in people might start within two years, and a product could potentially be ready for licensing by 2010 or 2011.

It never happened. The vaccine sat on a shelf. Only now is it undergoing the most basic safety tests in humans — with nearly 5,000 people dead from Ebola and an epidemic raging out of control in West Africa.

Its development stalled in part because Ebola is rare, and until now, outbreaks had infected only a few hundred people at a time. But experts also acknowledge that the absence of follow-up on such a promising candidate reflects a broader failure to produce medicines and vaccines for diseases that afflict poor countries. Most drug companies have resisted spending the enormous sums needed to develop products useful mostly to countries with little ability to pay.

Read more here.

Sep 15, 2014
boyce
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Standard & Poor’s hits impact of inequality on state tax revenues

S&P makes another important connection:

Extending our analysis to public finance, we find that income inequality is undermining the rate of state tax revenue growth.

For the report, see here.

For press coverage, see here.

 

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