Tag: quintile

Inequality is up, way up

From Reuters: The analysis found that inequality has risen not just in plutocratic hubs such as Wall Street and Silicon Valley, but also in virtually every corner of the world’s richest nation: Inequality has increased in 49 of 50 states since 1989. The poverty rate increased in 43 states, most sharply in Nevada, ravaged by the housing bust, and in Indiana, which saw a rise in low-paying jobs. Twenty-eight states saw all three metrics of socioeconomic well-being worsen. There, inequality and poverty rose and median income fell. In all 50 states, the richest 20 percent of households made far greater income

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Odd numbers

One of my frequent conservative commenters said this, “The federal tax burden on the economy is $36,000 for a family of 4.” $36,000? Wow, that’s a lot of money. Let’s look at this number. First of all, I’m not sure where this number comes from. I suspect that comes from the Tax Foundation, which is an anti-tax group has been around for over 70 years. They’ve been known to play with numbers before. The Center for Policy and Budget Priorities looked at their methodology and found it to be flawed. According to the U.S. Census (they have two different surveys to

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

Books

A Letter to America

The Thirteeneth Juror

Where is The Outrage Topics
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