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Half the U.S. population owns barely 2 percent of its wealth, putting the United States near Rwanda and Uganda and below such nations as pre-Arab Spring Tunisia and Egypt when measured by degrees of income inequality.
Inequality can have a bad downside, but equality, for its part, sure does get in the way of coordination.
Another example of the educational inequality is the current debate over publicly financed school vouchers which will provide educational opportunities to a privileged handful, but deprive public schools of desperately needed resources.
Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.
In order to counteract income inequality, it's essential to tackle poverty in an integrated way that has long-term impact. We need to give people the capacity to be resilient, to take on challenges and to learn the skills they need to work toward more prosperous futures.
Helene D. Gayle
No good case exists for the inequality of real and intellectual property, because no good case can exist for treating with special disfavor the work of the spirit and the mind.
Our outrage at inequality is primal. But primal emotions are not always noble ones. Of course, when I see a colleague receive some award, I covet it. But this is not me at my best, and these are not the feelings we would instill and promote in our children.
If progressives were interested in mitigating inequality, they would support the dynamism of free markets to allow the merit of ideas, products and services to win the day rather than stifle companies and pick winners in the name of imagined 'progress.'
And it also became clear that these conditions of inequality and historical injustice have given rise to a feeling of hate in the world - a deeply felt hate that cannot easily be overcome with a few good words.
The dominant economic approach of the last thirty years is now on its last legs. Letting the market rip and an indifference to inequality are now seen as important causes of the greatest economic crash since the 1930s.
'Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider that their own policies, which put the entire burden on central bankers to print money and drive up stock, bond and other asset prices, are actually exacerbating income and wealth disparity.
I think it's a very central tenet to it yes, it is. I can't bear it, I can't bear inequality, I can't bear bad behaviour to other people. I cannot bear it that people are mean to people who can't help what they are.
When I got to be a CEO, I said: 'Right. I'm now going to tackle gender inequality head-on. I'm going to make a difference and lead by example and actively put in place policies and practices to support women.'
Inequality is on the rise.
Consistently rated the most peaceable of all countries in the world by the Global Peace Index, Iceland has reduced its military expenditure to zero, has no armed forces, and has reduced the inequality gap between rich and poor.
American journalists tend to treat inequality as a fact of life. But it needn't be.
The very existence of government at all, infers inequality. The citizen who is preferred to office becomes the superior to those who are not, so long as he is the repository of power, and the child inherits the wealth of the parent as a controlling law of society.
James F. Cooper
I remember becoming aware of women's issues and inequality. It became glaringly clear to me when I was living in America that women are regarded as less intelligent than men.
Conventional wisdom on government's role in inequality often has it backwards. Tax reforms have resulted in a more progressive federal income tax; government transfer payments have become less progressive.
All that a good government aims at... is to add no unnecessary and artificial aid to the force of its own unavoidable consequences, and to abstain from fortifying and accumulating social inequality as a means of increasing political inequalities.
James F. Cooper
Income inequality has gotten worse under President Barack Obama.
You have to let the market reward effort and skill. But a system in which inequality of incomes constantly increases over time is worrisome.
Massive inequality, we have learned, isn't the best way to run an economy after all. And when you think about it, it's also profoundly ugly.
I believe that if you want to fight inequality you have to do it starting at infancy.
Can one preach at home inequality of races and nations and advocate abroad good-will towards all men?
Martin Luther King, Jr.
John F. Kennedy
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