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Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power is a book by political activist and linguist Noam Chomsky. It was created and edited by Peter Hutchison, Kelly Nyks, and Jared P. Scott. It lays out Chomsky's analysis of neoliberalism.
The wealthy gain more political power, which results in policies that further slow economic growth. Many economists claim that America's growing income inequality is "deeply worrying", [125] unjust, [65] a danger to democracy/social stability, [148] [146] [147] or a sign of national decline. [163]
High Society: The History of America's Upper Class, (Assouline, 2008) ISBN 2759402886; Fraser, Steve and Gary Gerstle, eds. Ruling America: A History of Wealth and Power in a Democracy, Harvard UP, 2005, ISBN 0-674-01747-1; Ghent, Jocelyn Maynard, and Frederic Cople Jaher. "The Chicago Business Elite: 1830–1930. A Collective Biography."
Wealth inequality is more unequal than income inequality, with the top 1% households owning approximately 42% of the net worth in 2012, versus 24% in 1979. [216] According to a September 2017 report by the Federal Reserve, wealth inequality is at record highs; the top 1% controlled 38.6% of the country's wealth in 2016. [217]
For much of the past decade, policymakers and analysts have decried America's incredibly low savings rate, noting that U.S. households save a fraction of the money of the rest of the world.
Share Our Wealth was a movement that began in February 1934, during the Great Depression, by Huey Long, a governor and later United States Senator from Louisiana. [1] Long first proposed the plan in a national radio address, which is now referred to as the "Share Our Wealth Speech". [ 2 ]
With the prices of goods and services rapidly rising across America, many people find it difficult to entertain the idea of building wealth. Many believe the system works against them and that only...
This file, which was originally posted to Wealth Inequality in America, was reviewed on 12 February 2016 by reviewer INeverCry, who confirmed that it was available there under the stated license on that date.