Is First Republic Bank profiting from Income Inequality?
One reason why investors are bullish on First Republic (NYSE: FRC) could be Joe Biden’s (D-Delaware) victory in the presidential election.
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Market Mad House
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Search Results for: income inequality
Coronavirus Proves Income Inequality kills Ordinary People
I think the reason the celebrity death rate seems lower than the general population is obvious: income inequality.
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Progressive Basic Income vs Income Inequality
A Progressive Basic Income would create economic activity without expanding bureaucracy or increasing government spending.
The money would go to average Americans not to bureaucrats, politicians, and government contractors. They would spend the money in America’s communities not in Washington or Wall Street.
A $500 a month basic income would give the Amazon worker making $28,446 a year, a $6,000 annual boost income. That would raise his or her pay to $34,446 a year.
A married couple that worked at Amazon would receive $12,000 which will raise their annual income to $68,842. That would put them well over the National Median Income of $59,095.
An Amazon fulfillment couple with a child would receive $18,000 a year, raising their income to $74,842, a year. Married fulfillment workers with two children would receive $24,000 a year raising their income to $80,892 a year.
How Cryptocurrency might Fight Income Inequality
Therefore, paper money is a cause of Income Inequality. That inequality is getting worse because America now has two economies.
We have a high-speed digital economy for the rich, big business, and increasingly the middle class. Then there is a slow-speed paper economy for the poor.
Kroger hurt by Income Inequality and attacked by Jesse Jackson
Everybody should pay attention to what’s happening to Kroger because food deserts might be coming to their neighborhood soon.
The real problem is income inequality, people in many working-class neighborhoods; which are disproportionately minority, simply do not have the money to buy a lot of groceries.
The only way Kroger can make money is to operate markets in areas where it can sell expensive items like liquor and organic food. It is also ramping up delivery services which are more likely to serve affluent customers.
The reason for this is that middle and lower-class incomes are falling in the United States. When adjusted for inflation the average lower-class household income in the United States in 2000 was around $26,496 a year, by 2014 it had fallen to $24,074, Pew Research Center Data indicated. Lower-class families have $2,000 less to spend than they did less than 20 years ago.
American Income Inequality – it’s worse than you think
• Today’s Wealth Gap is equal to that which existed in 1935 and 1940 – the last five years of the Great Depression.
• There are has been no growth in earned income, salary and wage earnings since around 1980 for 60% of the American population.
• Only 40% 0f the population has experienced income growth since 1980, but that income growth has been higher.
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America’s Income Inequality is worse than Russia’s
Income Inequality in the United States is now worse than in Russia. The gap between rich and poor is now greater in America than in the Russian Federation.
The richest 10% of Russians receive 46% of that nation’s income; the wealthiest 10% of Americans receive 47% of the USA’s wealth, The World Inequality Report for 2018 claims.
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Why Conservatives should be Scared of Income Inequality
Therefore; it is no mystery why voters dedicated to traditional values are refusing to support conservatives; they understand that self-styled conservatives are promoting radical change in the form of Income Inequality that will destroy what is left of traditional American society. Many conservative Americans now see Republicans and organized conservatism as threats to their way of life and values.
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Is Income Inequality Profitable at Rent-A-Center?
Income inequality should be a blessing for companies like Rent-A-Center because it should provide them with more customers. Unfortunately, that does not seem to be the case because Rent-A-Center’s revenues are in free-fall.
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How Donald Trump will Make Income Inequality Worse
At the end of the day; Donald J. Trump will only make income inequality worse and set the stage for more class warfare. Hopefully his failure; like Hoover’s, will lead to real solutions rather than cheap populism and failed policies.
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