Congressional Budget Office Report Reveals The Rich Are Once Again Outpacing Everyone Else

The Congressional Budget Office has just released the latest iteration of its U.S. household income distribution series, and this new research rates as the nonpartisan agency’s most comprehensive yet.

A homeless man sits outside a high-rise building converted into apartments, Dec. 4, 2017, in downtown Los Angeles. The U.S. Department on Housing and Urban Development release of the 2017 homeless numbers are expected to show a dramatic increase in the number of people lacking shelter along the West Coast. (AP/Jae C. Hong)

Back in the 1980s, the decade that saw researchers start detailing America’s increasing concentration of income and wealth, flacks for the emerging Reagan economic order disdainfully dismissed the significance of the alarming new data. The United States isn’t getting more unequal, the Reaganites pronounced, and the middle class isn’t shrinking.

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The Death Of America’s Common Man

Modern America’s obsession with self and success has killed off what once was an honorable American archetype, the Common Man, who was the nation’s backbone for generations.

A worker takes part in the manufacturing of hats the Bollman Hat Company in Adamstown, Pa. (AP/Matt Rourke)

America’s Common Man exists no more – gone and forgotten. Once he was lauded as the salt of the earth – our country’s embodiment of what made us special, of what made the great democratic experiment successful, of what made of the United States the magnetic pole for the world’s masses. Politicians paid their rhetorical respects, poets exalted

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Economic Recovery Mostly A Myth For The 99 Percent

93 percent of U.S. counties haven’t recovered from the Great Recession according to the National Association of Counties.

Marijo Beckman greeted Black Friday shoppers at a Boynton Beach,Fla. Walmar

Published in partnership with Shadowproof. The famous United States stock index known as the Dow Jones Industrial Average (or simply the Dow) flirted with approaching a historic high of 20,000. The index, which shows how the largest 30 companies publicly traded in the U.S. are performing, is considered a key indicator of how well U.S. business

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Poll: Most American’s Believe The Rich Aren’t Taxed Enough

Democrats, at 71 percent, were the most likely to support raising taxes on capital gains. Among Republicans and independents, 46 percent supported it.

tax-evasion

WASHINGTON  — The rich aren’t taxed enough and the middle class is taxed too much. As for your taxes, you probably think they’re too high as well. Those are the results of an Associated Press-GfK poll that found that most people in the United States support President Barack Obama’s proposal to raise investment taxes on high-income

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Analysis: America’s Middle Class Falters As Nation’s Richest Rise

Report shows low and middle income earners falling behind comparable countries.

Protesters Richard Hanzel, left, Brendan Hutt, and Richard Shavzin, right, of the Screen Actors Guild, dressed as wall street bankers, march from Goldman Sachs' office to a rally in Federal Plaza demanding Wall Street reform, Wednesday, April 28, 2010, in Chicago. (AP Photo/M. Spencer Green)

The income inequality gap between the wealthy and those considered to be lower- and middle class is skyrocketing in the U.S. compared to other countries historically known to be less affluent, according to a new analysis published Tuesday. The findings are based on a joint analysis conducted by the New York Times and researchers at the

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Eight Headlines The Mainstream Media Doesn’t Have The Courage To Print

The following are all relevant, fact-based issues, the “hard news” stories that the media has a responsibility to report. But the business-oriented press generally avoids them.

1. U.S. Wealth Up $34 Trillion Since Recession. 93% of You Got Almost None of It. That's an average of $100,000 for every American. But the people who already own most of the stocks took almost all of it. For them, the average gain was well over a million dollars -- tax-free as long as they don't cash it in. Details available here. 2. Eight

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