#Wealth gap

[miiju86]

let that sink in....

[alwaysbewoke]

[politijohn]

[nebulous-discurse]

This amount of money doesn't just fold away into error or coincidence... The data speaks for itself

@anarchistmemecollective

[davidaugust]

[allthecanadianpolitics]

Canada is in deep crisis. It’s unfashionable in centrist circles to say so, but it’s true. The country is literally on fire and facing extraordinary and growing threats from climate change. It is staring down rising extremism, creeping toxic polarization, and low trust. Wealth inequality is on the rise. Its federal system is showing cracks, particularly when it comes to the relationship between Alberta and the national government. Oligopolies and monopolies run wild, exploiting consumers.

There are plenty of other problems too. But of the lot, the confluence of a few major challenges scream, House of cards coming down! Those are the country’s housing crisis, consumer debt, and high — and potentially rising — interest rates. Taken together, they paint a picture of working people staring down lives they can’t afford in the day-to-day. This hellish scenario persists, no matter how hard people work, and no matter how rigidly they follow the rules of the game — rules they were told are fair and just.

Full article

Tagging: @politicsofcanada

[wantonamblingnymph]

“Did you know all human beings, no matter how much money they have, are mortal?”

“Each of us only has one life, and I encourage you to do something notable with yours.”

[godtrauma]

the conversation on assassinating CEOs needs to branch out to not billionaires but multi millionaires. no one needs 100 million dollars. no one needs 50. like yes focusing on harmful CEOs but your favorite celebs (and mine) are only furthering the economic gap. i want people who amass insane amounts of wealth and pollute the planet, which contributes to illness and disease, to live in fear. and ideally, take that fear and give their money to charity to avoid a potential hitlist.

like i don’t care. people like that are not good people, and they are our enemies

[sinister-yet-satisfying]

Billionaires don’t fear for their lives enough. That’s a legit issue.

[banafanax]

TIL conservatives aren't just greedy and apathetic to the needs of the poor. Conservatives are compelled to always act against the best interests of the American people.

[aspiringbogwitch]

[thoughtportal]

Addiction and class

[alwaysbewoke]

[politijohn]

Source

Top 1% of Americans own 31% of US wealth

Bottom 50% of Americans own just 2.5%

Only 19% of Americans feel better off financially compared to a year ago

35% feel worse off compared to last year

[odinsblog]

“White people claiming that American society is merit-based is like claiming they won a race when their opponent has their hands and legs bound.

The myth of meritocracy claims that Americans live in a fair, equal society, where hard work and resilience are the factors most responsible for shaping our lives. Under this theory, nothing stops anyone from succeeding other than, perhaps, themselves. This worldview may seem like a harmless attempt to encourage self-determination until you discover the carpet doesn't match the drapes. Once you realize that racism hinders equality, the myth of meritocracy is left bare and exposed, like the emperor, who wasn't wearing any clothes.

While the myth of meritocracy attempts to justify racial disparities as normal, this worldview is challenged by the data.

According to The Survey of Consumer Finances, the wealth of a typical White household was 7.8 times that of the typical Black household. Faced with this stark reality, many would concede that racist laws, policies, and practices created and maintained this racial wealth gap, while others, those who endorse the myth of meritocracy, would insist that Black people don't work hard enough. If they punched the clock more often, then all of their suffering would be alleviated, those endorsing the myth expect us to believe.

Many endorse racial stereotypes to justify racial disparities, calling Black people lazy or making other blanket claims to disparage the state of the black family.

It's easier for some White people to believe the world is fair than to commit to doing their part to make it so.”

—Allison Wiltz

[davidaugust]

Ronald Reagan’s real legacy, charted and graphed. Spoiler: It’s not the bedtime story we’ve been told.

A visual breakdown of the inequality, debt, and mass incarceration still shaping our lives.

'Trickle-down' economics was never real.