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Economic inequality risks creating social discontent, which can boil over into political conflict, according to Zia Qureshi, a Senior Fellow at the Brookings Institution.
Income inequality has fluctuated considerably since measurements began around 1915, declining between peaks in the 1920s and 2007 (CBO data [2]) or 2012 (Piketty, Saez, Zucman data [15]). Inequality steadily increased from around 1979 to 2007, with a small reduction through 2016, [2] [16] [17] followed by an increase from 2016 to 2018. [18]
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
According to a working paper released by the Society for the Study of Economic Inequality entitled "Tax policy and income inequality in the U.S.,1978—2009: A decomposition approach," tax policy can either exacerbate or curtail economic inequality. This article argues that tax policy reforms passed under Republican administrations since 1979 ...
Economic Hardship Reporting Project and The Nation examine the process of bail hearings according to a new movement to banish cash bail. Illinois has put an end to the injustice of cash bail Skip ...
Economic justice is a component of social justice and welfare economics. It is a set of moral and ethical principles for building economic institutions , where the ultimate goal is to create an opportunity for each person to establish a sufficient material foundation upon which to have a dignified, productive, and creative life.
A closer look scene revealed the truth: Hip-hop was a response to social and economic injustice in disregarded neighborhoods, a showcase of joy, ingenuity and innovation despite a lack of wealth ...
History of economic inequality goes as old as the history of civilizations and military conquests. American economist Thorstein Veblen states that first "barbarian" civilizations wage wars when meeting one another because of scarcity of ressources, which would have allowed the creation of a "predatory spirit".