Keyword: incomeinequality

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  • New York Times Worried That Allowing Cubans to Have More Money Will Increase ‘Income Inequality’

    02/24/2015 12:08:56 PM PST · by SeekAndFind · 13 replies
    Reason ^ | 02/24/2015 | Matt Welch
    As if to unintentionally discredit the phrase "income inequality" as a meaningful indicator of human regress, The New York Times today has a remarkable article lamenting that "As Cuba Shifts Toward Capitalism, Inequality Grows More Visible." Here's a taste: As Cuba opens the door wider to private enterprise, the gap between the haves and have-­nots — and between whites and blacks — that the revolution sought to diminish is growing more evident. […]Raising the [U.S.] remittance cap, along with allowing more Americans to visit Cuba and other steps toward normal diplomatic relations, will help "support the Cuban people," the Obama...
  • Fairness and Justice

    02/11/2015 6:31:06 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | February 11, 2015 | Walter E. Williams
    Oxfam reports that the richest one percent of people in the world own 48 percent of the world's wealth. Many claim that we should be alarmed by income inequality because it hampers upward mobility. Others argue that because income is distributed so unevenly, justice and fairness require income redistribution. Let's look at fairness and justice. What constitutes fairness and justice has been debated for centuries. Widespread agreement has proved to be elusive at best. However, I think that an important part of an intelligent discussion about fairness and justice is the recognition that knowing results of a process cannot establish...
  • The GOP: Still the Party of Stupid

    02/02/2015 7:34:12 PM PST · by 2ndDivisionVet · 30 replies
    The Daily Beast ^ | February 2, 2015 | Michael Tomasky
    That Scott Walker speech was great? It was shallow, tedious, and wrong. In other words, it struck the perfect chord for today’s GOP voters.Mitt Romney definitely had his down sides as a candidate: the retread factor, and, as I noted two weeks ago, the fact that he made all those dramatic and (apparently) wrong predictions about the future of the economy. But I will say this for him. He did pass the this-guy-looks-and-sounds-like-a-plausible-president test. I always thought that was his greatest strength. He’s central casting. None of these remaining people looks much like a president, with the exception of Jeb...
  • 1,700 Private Jets Fly to Davos to Discuss Global Warming [and talk about income inequality]

    01/20/2015 7:57:25 PM PST · by grundle · 80 replies
    breitbart.com ^ | January 20, 2015 | Peter Schweizer
    A squadron of 1,700 private jets are rumbling into Davos, Switzerland, this week to discuss global warming and other issues as the annual World Economic Forum gets underway. The influx of private jets is so great, the Swiss Armed Forces has been forced to open up a military air base for the first time ever to absorb all the super rich flying their private jets into the event, reports Newsweek. “Decision-makers meeting in Davos must focus on ways to reduce climate risk while building more efficient, cleaner, and lower-carbon economies,” former Mexican president Felipe Calderon told USA Today. Davos, which...
  • Suburbs and the New American Poverty

    01/08/2015 12:12:17 PM PST · by 2ndDivisionVet · 26 replies
    The Atlantic ^ | January 7, 2015 | Alana Semuels
    More people with low incomes now live outside of cities, and some areas are ill-equipped to deal with the influx of the poor. NORCROSS, Ga.—Every weekday around 3:15 p.m., a big, yellow school bus stops on Pelican Drive outside Norcross Extended Stay, near the intersection with Best Friend Drive. Dozens of children file out, carrying their heavy backpacks away from the Wendy’s and the AutoZone, towards the cluster of aging three-story yellow buildings where they live. Some are met by waiting parents, others trek by themselves to the shabby motel rooms, marching past broken-down cars, their tires flat, scattered around...
  • Obama Admin Requires Companies to Disclose “Paycheck Inequality”

    01/06/2015 11:54:49 AM PST · by Kaslin · 58 replies
    Townhall.com ^ | January 6, 2015 | Michael Schaus
    Waging class warfare can get pretty tiresome for some Democrats… Which kinda explains why they have decided to make companies wage it on themselves. As part of the regulation requirements in Dodd-Frank, publicly traded companies will soon have to spend millions of dollars, and hundreds of thousands of man-hours, to officially report how rich their CEO is compared to rank and file employees. According to the Washington Free Beacon:The provision is backed by labor unions like the AFL-CIO, which seeks to “shame companies into lowering CEO pay.” The price tag of the regulation is expected to be “substantial,” costing more than...
  • Does Income Inequality Even Matter?

    01/06/2015 4:34:33 AM PST · by Kaslin · 19 replies
    Townhall.com ^ | January 5, 2015 | Gannon LeBlanc
    The income gap and income inequality is a hot button topic in the United States that has taken center stage in political debates and college classrooms in recent years. Economic Nobel Laureates Joseph Stiglitz and Paul Krugman have argued in The New York Times that income inequality is a major issue that requires political action to remedy. President Obama even hails income inequality as “the defining challenge of our time.” So what real problems does the income gap propose for American citizens and the country’s future, why is it such a major issue, and what can be done about it, if anything at...
  • Report: Income inequality is greatest in the most liberal states

    12/05/2014 4:44:00 AM PST · by IBD editorial writer · 6 replies
    Investor's Business Daily ^ | 12/4/2014 | IBD Staff
    The most liberal states in the country are the worst run and have the widest gaps between rich and poor. Could it be that spread-the-wealth policies make things worse?
  • Ferguson versus Whitopia

    09/21/2014 8:41:20 PM PDT · by 2ndDivisionVet · 40 replies
    al-Jazeera ^ | September 21, 2014 | Rich Benjamin
    Focus on police bias obscures meaningful debate on structural racism that perpetuates racial injustice and inequality. In the wake of the death of Michael Brown, the unarmed teenager shot by police officer Darren Wilson in Ferguson, Missouri, on Aug. 9, the public has heard quite a bit about the town, its residents and their supposed violence. But about half an hour drive west of Ferguson, along a highway straddling the Missouri River, you will come to what may seem a planet away: St. Charles County. St. Charles is a “Whitopia” — a predominantly white county that has posted 6 percent...
  • Class Issues, Not Race, Will Likely Seal the Next Election

    09/08/2014 1:22:37 AM PDT · by 2ndDivisionVet · 8 replies
    The Daily Beast ^ | September 7, 2014 | Joel Kotkin
    Race is always a hot button topic in the U.S., but rising and rampant economic inequality will likely be the issue that propels people to the voting booth. Recent events in Ferguson, Missouri and along the U.S.-Mexico border may seem to suggest that race has returned as the signature issue in American politics. We can see this already in the pages of mainstream media, with increased calls for reparations for African-Americans, and expanded amnesties for the undocumented. Increasingly, any opposition to Obama’s policies is blamed on deep-seated white racism. Yet in reality, race will not define the 2014 election, or...
  • Are Teachers Underpaid? Let’s Find Out

    07/24/2014 7:09:56 PM PDT · by 2ndDivisionVet · 21 replies
    The Federalist ^ | July 24, 2014 | David Harsanyi
    A teacher in South Dakota with a bachelor’s degree and 10 years of experience earns $33,600 per year, which is less than the average auto-repair worker. So says Vox. This grievance against salary injustice is nothing new, of course, but this particular example comes to us from a new national study by the Center for American Progress, which details the chickenfeed teachers are forced to subsist on as they altruistically keep your hopeless children literate. Teachers are underpaid. In politics, and also in everyday life, this is almost universally accepted. Everyone admires teachers. Everyone wants good teachers for their children....
  • Asian American Success Debunks Liberal Myth of American Racism

    07/24/2014 3:11:57 PM PDT · by dignitasnews · 14 replies
    Dignitas News Service ^ | July 24, 2014 | Paul M Winters
    Over the past few decades the rhetoric of the Progressive-left in the Democratic Party has relied more and more on the effect of inherent racism as the primary obstacle facing minorities in this country. As the sole political power in most black and Latino neighborhoods, Democrats have increasingly blamed racial attitudes and white privilege as the culprit to explain the reversal of African-American progress, tragically under-performing inner-city public school systems and disproportionate unemployment for young men and women of color. They continuously assert that America's inherent racism is the primary barrier to minority success, a liberal myth that is debunked...
  • Christians and Economic "Inequality"

    07/18/2014 5:28:57 PM PDT · by Kaslin · 6 replies
    Townhall.com ^ | July 18, 2014 | Jack Kerwick
    If ever sober-minded folks thought that they could take refuge in the Christian church from the left-wing juggernaut that is our culture’s zeitgeist, they can think this no more. In the vestibule of the Lutheran church in which my son’s summer camp is held, I noticed that the most recent edition of The Lutheran is devoted to the topic of “economic inequality.” Norma Cook Everist, a professor of church and ministry, quotes Luther who wrote that “the poor” are routinely “defrauded” by the rich. Matters, she declares, are “no less” true “today.” Dividing, as it does, the world into...
  • Obama: Michelle 'Bad Example for Pay Equality' Because She Works for Free

    06/19/2014 9:20:28 PM PDT · by 2ndDivisionVet · 44 replies
    Breitbart's Big Government ^ | June 19, 2014 | William Bigelow
    Jumping on the bandwagon Hillary Clinton revved up with her comment saying she and her husband were broke when they left the White House, Barack Obama said Tuesday that his wife is "kind of a bad example" for the need for pay equality because she does the arduous job of being First Lady for free. At a discussion regarding manufacturing in Pittsburgh, Obama said, "I will say, the first lady's kind of a bad example because the first lady doesn't get paid. And she works pretty hard," then quickly added, "obviously, we're ok." Obama touted Michelle Obama’s hard-nosed attitude when...
  • The ’1 Percent’ isn’t America’s biggest source of inequality. College is.

    05/23/2014 10:14:06 PM PDT · by 2ndDivisionVet · 10 replies
    The Washington Post ^ | May 22, 2014 | Jim Tankersley
    One of the striking stories in the American economy over the last several decades is just how much the incomes of the super-rich have grown, compared to the incomes of everyone else. But what if the focus on those super-rich - the top 1 percent of all earners - has overshadowed a larger, more troubling gap: the widening one between college graduates and workers whose education stopped after high school? That's the argument MIT economist David Autor makes in a brief research paper out Thursday - that "the growth of skill differentials among the 'other 99 percent' is arguably even...
  • Inequality Myths

    05/18/2014 10:21:48 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | May 18, 2014 | Michael Tanner
    From President Obama to Paul Krugman, Thomas Piketty to Elizabeth Warren, the Left has adopted “inequality” as the cause of the day. They paint a picture of a new Gilded Age in which a hereditary American gentry becomes ever richer, while the vast majority of Americans toil away in near-Dickensian poverty. It’s a compelling political narrative, one that can be used to advance any number of policy proposals, from higher taxes to increases in the minimum wage Unfortunately, bad facts make for bad policy. Let’s look at just some of the ways they get it wrong. Inequality has never been...
  • My personal Wal-Mart nightmare: You won’t believe what life is like working there

    05/17/2014 8:54:15 PM PDT · by 2ndDivisionVet · 222 replies
    Salon ^ | May 8, 2014 | Pam Ramos
    When I woke up to see the news, I could hardly believe it: President Obama is planning a visit to the Mountain View Wal-Mart where I work. But the excitement quickly passed when I found out the store would be shutting down hours in advance of his visit. I wouldn’t be able to tell the president what it’s like to work at Wal-Mart and what it’s like to struggle on low wages, without the hours I need. I am living at the center of the income inequality that he speaks about so often, and I wanted to talk to him...
  • America's Never-ending Shame: Importing Inequality

    05/17/2014 10:36:57 AM PDT · by SeekAndFind · 4 replies
    American Thinker ^ | 05/17/2014 | John Bennett
    Americans must feel ashamed forever for the wicked inequalities that we maintain, especially racial inequalities.  As if to fuel that shame, we are rapidly importing economically poor, poorly educated, low-skilled immigrants: the building blocks of more inequality, and more mandatory guilt.These challenges are intensified because assimilation is almost nonexistent while multiculturalism essentially guarantees that immigrants maintain historical grievances and loyalties to a home nation other than America.  These historical grievances, especially the notion that America stole the southwest from Mexico, have frozen the melting pot. No sensible person with an appreciation for cultural differences would expect identical outcomes from different...
  • Why There is Income Inequality

    05/15/2014 12:59:04 PM PDT · by econjack · 21 replies
    email ^ | Jan, 2014 | Bob Lonsberry
    In early January 2014, Bob Lonsberry, a Rochester talk radio personality on WHAM 1180 AM, said this in response to Obama's "income inequality speech": Two Americas The Democrats are right, there are two Americas . The America that works, and the America that doesn’t. There America that contributes, and the America that doesn’t. It’s not the haves and the have nots, it’s the dos and the don’ts. Some people do their duty as Americans, obey the law, support themselves, contribute to society, and others don’t. That’s the divide in America . It’s not about income inequality, it’s about civic irresponsibility....
  • ‘Inequality’ insanity

    05/13/2014 9:03:40 AM PDT · by QT3.14 · 5 replies
    NY Post ^ | May 11, 2014 | Charles Gasparino
    The right is dropping the ball when it comes to Thomas Piketty’s much heralded and totally flawed book on inequality, “Capital in the 21st Century.” This long and lugubrious opus is really an open sore, replete with so much absurdity that shooting it down should be like shooting fish in a barrel. The left has embraced this rant against capitalism — and conservatives should be tying them to it, to expose where all the class-war rhetoric would really bring us.
  • Triple-Amputee Iraqi War Hero’s Letter Shames the President of the United States

    05/11/2014 4:03:49 AM PDT · by 2ndDivisionVet · 40 replies
    Independent Journal Review ^ | May 10, 2014 | Mike Miller
    We embrace heroes in America. Senior Airman Brian Kolfage defines hero: the triple-amputee veteran of the Iraqi War overcame insurmountable odds to survive his horrific injuries. Kolfage recently sent a powerful – and damning – letter to his commander-in-chief: I nearly died in a war that you and most of your colleagues supported overwhelmingly, including the two presidents who came before you. Many citizens may not agree with waging war in Iraq to free the oppressed Iraqi citizens, but it’s something that warriors like myself have zero control over. I joined to serve my country and to better my life....
  • Pope Francis: 'Tea Party Catholic'?

    05/10/2014 8:46:21 PM PDT · by 2ndDivisionVet · 121 replies
    Breitbart's Big Peace ^ | May 10, 2014 | Robert Wilde
    On Breitbart News Saturday, Executive Chairman Stephen K. Bannon and Editor in Chief Alex Marlow discussed Pope Francis's remarks to the United Nations where he called for "legitimate redistribution of economic benefits by the State," using government and the private sector. Bannon asked guest Austin Ruse, former head of the Catholic Family and Human Rights Institute and a Breitbart contributor, “Is Pope Francis a Commie?" "I know he is a Jesuit," Bannon said, explaining that Jesuits sit at the vanguard of the Communist revolution in Latin America there, before asking if "Pope Francis been taken over by liberation theology?” Bannon,...
  • Does a "legitimate redistribution" of wealth include the Vatican archives, Vatican library...?

    05/10/2014 2:47:21 PM PDT · by Laissez-faire capitalist · 66 replies
    5/10/2014 | Laissez-Faire Capitalist
    I wonder if a "limited redistribution" of wealth includes selling the Vatican archives, the Vatican library, Vatican papers, vatican treasures, etc, etc to various museums and other institutions around the world, and then "redistributing" the wealth that would be procured from this? Some may say that words have been misinterpreted. If so, then clarify without any possible misunderstanding. But... if there is no misinterpretation, then why not include these in the redistribution of wealth?
  • CDF head: Pope Francis has close ties with liberation theology

    05/02/2014 2:08:03 PM PDT · by BlatherNaut · 27 replies
    The Tablet ^ | 5/2/14 | Christa Pongratz-Lippitt
    Pope Francis has close ties with liberation theology, the prefect of the Vatican’s Congregation for the Doctrine of the Faith, the body that once condemned the movement, has said. In a lengthy interview in the German daily Frankfurter Allgemeine Zeitung (FAZ), Cardinal Gerhard Ludwig Müller said Pope Francis “is not so much a liberation theologian in the academic sense, but as far as pastoral work is concerned, he has close ties with liberation theology’s concerns. What we can learn from him is the insight that there is no pastoral work without profound theology and vice versa”. In the 1980s the...
  • Pope Francis to UN delegation: “legitimate redistribution of economic benefits by the State”

    05/09/2014 1:56:14 PM PDT · by NYer · 46 replies
    WDTPRS ^ | May 9, 2014 | Fr. John Zuhlsdorf
    Today Pope Francis addressed a delegation of the UN – which I remind you is a principle agent for promoting abortion world-wide.Below please find the full text of Pope Francis’ address to the United Nations Agencies, Funds and Programmes on Friday, led by UN Secretary General Ban Ki-moon.There is some blah blah at first, but keep reading. My emphases and comments.NOTE: A lot of this is simply warmed up John Paul II and Benedict XVI. There isn’t much new here, apart from the terrible wording about the State and redistribution. But we can, for the most part, say “Ho hum!...
  • Pope demands 'legitimate redistribution' of wealth

    05/09/2014 6:04:29 AM PDT · by Abathar · 138 replies
    AP ^ | May 9,2014 | Nicole Winfield
    VATICAN CITY (AP) -- Pope Francis called Friday for governments to redistribute wealth to the poor in a new spirit of generosity to help curb the "economy of exclusion" that is taking hold today.
  • Pope Francis: Zacchaeus and “legitimate redistribution”

    05/09/2014 7:11:05 AM PDT · by SeekAndFind · 58 replies
    Hotair ^ | 05/09/2014 | Ed Morrissey
    The latest speech from Pope Francis is leading Drudge and the Twittersphere, and for good reason. Any time a world leader talks about “legitimate redistribution” in regard to economic policy, it raises eyebrows, if not hackles. In the case of this pontiff, the highlight of that phrase provokes heightened scrutiny. However, the longer context of Francis’ remarks this morning to UN leadership provides a much more nuanced picture of Francis’ view of economic policy — although probably not nuanced enough for libertarian ears: With this in mind, I would like to remind you, as representatives of the chief agencies of...
  • Pope Francis demands 'legitimate redistribution' of wealth

    05/09/2014 7:15:15 AM PDT · by SeekAndFind · 306 replies
    Philadelphia Inquirer ^ | 05/09/2014 | NICOLE WINFIELD
    VATICAN CITY (AP) - Pope Francis called Friday for governments to redistribute wealth to the poor in a new spirit of generosity to help curb the "economy of exclusion" that is taking hold today. Francis made the appeal during a speech to U.N. Secretary-General Ban Ki-moon and the heads of major U.N. agencies who met in Rome this week. Latin America's first pope has frequently lashed out at the injustices of capitalism and the global economic system that excludes so much of humanity, though his predecessors have voiced similar concerns. On Friday, Francis called for the United Nations to promote...
  • Inequality isn't a problem: it's a driver of progress

    05/04/2014 10:12:16 PM PDT · by 2ndDivisionVet · 3 replies
    The London Telegraph ^ | May 2, 2014 | Andrew Lilico
    Is there a genuine "issue of inequality"? I say no. There are (or at least may be) genuine issues of poverty, market and regulatory failure in the financial sector, or how best to raise taxes to fund public services. Very often discussions of "inequality" are either disguised discussions of one of these things or else inequality is seen a symptom of problems elsewhere (e.g. bonuses in the banking sector seen as a symptom of poor regulatory risk management oversight). But once we strip out these other potential issues all that is left of the "inequality" discussion is this: is it...
  • An American Solution to Income Inequality

    05/04/2014 8:31:00 AM PDT · by Kaslin · 23 replies
    Townhall.com ^ | May 4, 2014 | Bruce Bialosky
    Our President has attempted to make a major issue of the difference between the very successful in our country and the rest of us as a focus of his party’s campaign for the 2014 elections. He does have a point that some people’s income levels have really soared while others have languished. He just has a wrong-headed solution to the problem. Not surprisingly, Mr. Obama has chosen to resolve the issue through government intervention. He has a two-pronged effort. First, he has greatly increased welfare payments which have been dissected ad nauseum by this column. Otherwise, he has consistently thought...
  • The Nuclear Option -- Next: Rich Intellectuals Want Global IRS to Fight Income Inequality

    05/03/2014 2:21:41 PM PDT · by 2ndDivisionVet · 19 replies
    Breitbart's Big Journalism ^ | May 3, 2014 | Charles Hurt
    A French “thinker” writes a book about global poverty and, predictably, The New York Times goes limp in the knees. All out was the putsch last week by the Gray Lady’s opinion staff to promote the book aimed at toppling the evil rich around the world. Leading this charge was the paper’s famous, bearded Marxist Emeritus columnist Paul Krugman. Mr. Krugman is, he tells us, an expert on income inequality. “I’ve been involved in debates over inequality for more than two decades, and have yet to see conservative ‘experts’ manage to dispute the numbers without tripping over their own intellectual...
  • Pope Francis declares (via Twitter), ‘Inequality is the root of social evil’

    04/28/2014 8:25:07 PM PDT · by DaveMSmith · 90 replies
    Twichy ^ | 4/28/14
    See link for discussion.
  • Piketty’s new gilded age which isn’t

    04/27/2014 11:36:10 AM PDT · by 2ndDivisionVet · 6 replies
    Hot Air ^ | April 27, 2014 | Jazz Shaw
    Progressive hearts are all aflutter this week, riding high on the continued coverage of Thomas Piketty and his new book “Capital in the Twenty-First Century” which continues to fly off the virtual shelves at Amazon. To say that Piketty’s basic premise is flawed is probably too much of a compliment. Ed already looked at one of the fundamental assertions last week – that median household income had only risen 3.2% over the past three decades – and found it to be off by a factor of ten. But there are other, deeper problems with the Piketty model. One of them...
  • Obama's Income Inequality Scam

    04/25/2014 4:21:44 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | April 25, 2014 | David Limbaugh
    One of the many ironies surrounding President Obama is that for all his harping on income inequality -- his most recent obsession designed to stir Americans against one another -- his policies have exacerbated it. Obama, the self-professed bipartisan uniter, is never content to seek remedies to improve opportunity for all Americans. He has to have villains. His community organizing training and his disposition compel him to pit us against one another. No matter what the stated reason for his latest policy craze, almost everything he does is in service to his quest to fundamentally transform America from a society...
  • NRSC: How many 2014 Democratic incumbents have gender pay-equity gaps?

    04/09/2014 11:23:06 AM PDT · by SeekAndFind · 8 replies
    Hotair ^ | 04/09/2014 | Ed Morrissey
    Earlier today, Glenn Kessler predicted that Democrats would find the 77-cent lie too irresistible to jettison. Perhaps a dose of their own medicine might cure them. The National Republican Senatorial Committee did a little research into how Senate Democrat incumbents running in 2014 do on the issue that has been tailor-made for their “war on women” campaign strategies. Five 2014 Democratic contenders for the Senate come up short — even shorter than the White House, and two of them fall below the 77-cent line: It turns out President Obama isn’t the only hypocritical Democrat, in fact Senate Democrats have their...
  • Obama’s Minimum Wage Push: ‘Fairy-Tale Economics’

    03/12/2014 4:14:20 PM PDT · by mcf1 · 3 replies
    Western Free Press ^ | March 12, 2014 | John Walker
    “Make Jobs, Not Propaganda” President Obama’s income inequality campaign – the centerpiece of his effort to save vulnerable Democrats from the Obamacare disaster – is fast losing steam in the face of raw facts and political reality. The President wandered up to Connecticut the other day to sing the praises of a minimum wage increase with friendly Democratic governors who have moved to raise the minimum wage in their states. His refrain was familiar. “It’s time to give America a raise,” Obama said. “It’s not bad business to do right by your workers; it’s good business.” As usual, the president...
  • Obama to order expansion of overtime pay for millions of workers

    03/12/2014 5:19:04 AM PDT · by driftdiver · 80 replies
    Foxnews ^ | March 12, 2014 | Foxnews
    Feb. 12. 2014: President Obama, surrounded by workers, signs an executive order to raise the minimum wage for federal contract workers.AP President Obama, flexing his executive authority once again, plans to order the Labor Department to expand overtime pay requirements to include millions more workers -- in a move likely to rankle the business community. The president plans to make the announcement on Thursday at the White House, a senior administration official confirmed to Fox News. Though the administration has claimed previous executive actions had bipartisan support, officials are acknowledging that this particular move will anger business groups and congressional...
  • Land of Inequality: Government of elites, by elites, for elites.

    02/24/2014 6:49:39 AM PST · by SeekAndFind · 8 replies
    National Review ^ | 02/24/2014 | By Troy Senik
    From the end of World War II until the 1990s, California possessed a magnetism unique among the 50 states. It was — according to a mythology that was probably overwrought even in those halcyon days — an American Eden, a place where ambition and unfettered imagination combined to make even the most exotic dreams seem feasible. One of the reasons that image was so enduring was that the state consistently delivered on the outsized expectations. It came to be the center of American entertainment, with “Hollywood” becoming a metonym for the entire industry. It fostered the digital revolution that would...
  • Attention, Protestors: You're Probably Part of the 1% [$34,000 = richest 1% on a global level]

    02/14/2014 3:25:08 PM PST · by grundle · 3 replies
    yahoo.com ^ | October 28, 2011 | Morgan Housel
    The recent Occupy Wall Street protests have aimed their message at the income disparity between the 1% richest Americans and the rest of the country. But what happens when you expand that and look at the 1% richest of the entire world? Some really interesting numbers emerge. If there were a global Occupy Wall Street protest, people as well off as Linda Frakes might actually be the target. In America, the top 1% earn more than $380,000 per year. We are, however, among the richest nations on Earth. How much do you need to earn to be among the top...
  • Dems hope to force House vote on minimum wage hike

    02/13/2014 5:50:54 PM PST · by Olog-hai · 20 replies
    Associated Press ^ | Feb 13, 2014 7:11 PM EST | Charles Babington
    House Democrats said Thursday they will try to highlight GOP resistance to a higher minimum wage with a tactical maneuver meant to bring new attention to an issue they consider a political winner. House Democratic leader Nancy Pelosi said her party will push a “discharge petition” when Congress returns from its recess on Feb. 24. If Democrats can persuade roughly two dozen Republicans to sign the petition, it would force GOP leaders to allow a House vote on the wage issue. Most Republican lawmakers oppose a higher minimum wage. They say it prompts employers to cut down on hiring, a...
  • Barack Obama’s Tale of Two Americas

    02/13/2014 12:02:41 PM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 13, 2014 | Peter Morici
    President Obama is dividing America into two nations—one rich, the other increasingly poor with both more likely to elect Democrats. In fairness, Obama inherited an economy not performing well even before the financial crisis. His recovery has managed only 2.4 percent growth; however, George Bush’s expansion accomplished about the same and then collapsed. Since Bush took office, the U.S. economy has created only 4.7 million jobs—about 30,000 a month and less than one-fourth of those needed to keep pace with population growth. Technology is important. The digital revolution and the consolidation of news and entertainment into the internet, cable,...
  • SIMPLY AMAZING! Michelle O’s Dinner Dress Cost More Than Annual US Poverty Level

    02/12/2014 7:30:45 PM PST · by kristinn · 85 replies
    The Gateway Pundit ^ | Wednesday, February 12, 2014 | JIm Hoft
    Simply Stunning– Michelle Obama’s dinner dress cost more than the annual poverty level in the US. Via Twitchy: Stu Burguiere @WorldOfStu Michelle Obama's dress = $12,000. US Poverty Level = $11,490.Last night the Obamas hosted a state dinner for French Socialist leader Francois Hollande. Michelle Obama wore a $12,000 dress – while the rest of America suffers through the worst economic recovery ever.
  • After Extravagant State Dinner, Obama to Speak on Horrors of Income Inequality

    02/12/2014 2:41:24 PM PST · by Kaslin · 24 replies
    Rush Limbaugh.com ^ | February 12, 2014 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Last night the president of France, Francois Hollande, and the Obamas and 350 of their closest friends dined on caviar and quail eggs, dry-aged rib-eye steak served with blue cheese, charred shallots, oyster mushrooms, and braised chard. They dined in the gigantic tent lavishly decorated to replicate a Monet painting of spring in sunny France. Outside the tent, 17 degrees. For dessert, they enjoyed cake made with chocolate from Hawaii, Florida tangerines, and cotton candy dusted with orange zest. Michelle Obama wore a designer dress estimated to have cost $12,000, designed by Carolina Herrera. Today, President Obama...
  • Why We Lost The War On Poverty

    02/08/2014 7:36:44 AM PST · by Kaslin · 32 replies
    Take a look at the graph below. From the end of World War II until 1964 the poverty rate in this country was cut in half. Further, 94% of the change in the poverty rate over this period can be explained by changes in per capita income alone. Economic growth is clearly the most effective antipoverty weapon ever devised by man. The dotted line shows what would have happened had this trend continued. Economic growth would have reduced the number in poverty to a mere 1.4% of the population today ? a number so low that private charity could probably...
  • Millionaire Preppy Howard Dean Wants To Level Playing Field Between The 1% and Rest Of 'Us'

    02/06/2014 12:07:36 PM PST · by governsleastgovernsbest · 35 replies
    NewsBusters ^ | Mark Finkelstein
    What do you mean "us," Kemosabe? If Howard Dean wants to push a job-killing agenda of higher taxes and other redistributionist claptrap, that's his business. But could he please spare us the faux populism? In an email Dean sent out earlier today touting the "Inequality For All" house parties his DFA group is organizing [and what sounds like more fun than getting together to gripe about what other people have?], Dean wrote [emphasis added]: "These 'Inequality for All' Watch Parties are just the kind of action we need to start leveling the playing field between the 1% and the rest...
  • Think Power Inequality

    02/06/2014 5:34:14 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | February 6, 2014 | Jonah Goldberg
    On my wife's side, I have a very large family in Fairbanks, Alaska. Culturally, Fairbanks is a lot further from New York City (where I grew up) or Washington, D.C. (where I live now), than the several thousand miles on the map might suggest. Alaska wins a lot of comparisons, and not just the obvious ones such as physical beauty or salmon fishing. For instance, Alaska ranks second best in terms of economic equality (just behind Wyoming) while New York and the District of Columbia compete for dead last. Frankly, I don't much care about the issue of income inequality...
  • Why "Equal Opportunity" Is Immoral And Wrong

    02/05/2014 8:40:42 AM PST · by IChing · 17 replies
    ClashDaily.com ^ | 2/5/14 | Donald Joy
    America’s Declaration of Independence enshrines the idea that all men are created equal. What it actually means is that everyone has the same rights to enjoy or suffer the consequences of their own decisions under the law, and to freely exist in whatever circumstances earned, given, or legally bequeathed to them. When debating topics like affirmative action, and the more in-vogue topic of “income inequality,” fair-minded and conscientious conservatives are always quick to add the caveat that while they are against socially-engineered mandates to force uniform equality of outcomes, they nonetheless will nobly fight for the supposed equal opportunity of...
  • New London Mayor Wants $10.10 Minimum Wage for City Workers [Connecticut Town w/SCOTUS Case]

    02/05/2014 2:17:41 AM PST · by SoFloFreeper · 13 replies
    During the State of the Union Address on Tuesday, President Barack Obama announced an executive order for federal contractors to pay employees at least $10.10 an hour. He also urged mayors, governors and state legislators to raise wages as well. On Friday, New London Mayor Daryl Justin Finizio announced that he has proposed a minimum wage ordinance. He wants to raise the city’s minimum wage for municipal employees and contractors to $10.10.   “I believe New London should answer President Obama’s call to action,” Mayor Daryl Justin Finizio said in a statement. 
  • It's Elizabeth Warren's Party. Barack Obama Is Just Living in It.

    02/04/2014 1:12:20 PM PST · by afraidfortherepublic · 13 replies
    The National Journal ^ | 2-4-14 | Alex Seitz-Wald
    When Elizabeth Warren announced her Senate candidacy in September 2011, President Obama had just signed into law the Budget Control Act, which raised the debt ceiling but also made concessions to Republicans that would eventually lead to $1 trillion in sequestration cuts. Deficit control was a top priority for both parties, and something that Obama pledged to continue to pursue in a rare address to a joint session of Congress that month on his jobs plan. But the speech Obama gave last week to a similar joint session of Congress felt very different. His 2014 State of the Union address...
  • The Real Targets of Class Warfare

    02/01/2014 5:41:17 PM PST · by Noremac · 17 replies
    Blasted Fools ^ | February 1, 2014 | Richard Cameron
    [caption id="" align="alignnone" width="614"] These aren't the targets of 'Class Warfare'. The real targets might surprise you.[/caption] There has been, as you've no doubt noticed, a persistent theme surging back and forth between the polar spectrums of political thought, regarding the question of 'Class Warfare'. It especially animates many media personalities on the Right, who decry any criticism of the unprecedented rise of the accumulation of wealth within a small statistical segment of the American population. That segment, being the '1 percent'. The word is out that the well heeled are shaking in their boots in fear of the consequences...