Group items tagged

"(Bloomberg) -- President Barack Obama will propose that U.S.-based companies pay a minimum 19 percent tax on their future foreign earnings, capturing profits that are now often beyond the government's reach." This article is about tax and profits of oversea countries.

"NEW HAVEN, Conn. - Widely regarded overseas as places only for children of the rich and powerful, top American universities like Yale and Harvard are increasing efforts to attract the best international students, regardless of their financial backgrounds. " This article is about how top universities are trying to give all races a chance in being accepted there. All financial backgrounds have been disregarded as well as the increase of less discrimination.

""It's now up to us to choose who we want to be over the next 15 years, and for decades to come," he said. "Will we accept an economy where only a few of us do spectacularly well? Or will we commit ourselves to an economy that generates rising incomes and chances for everyone who makes the effort?"" This article is about how President Obama is handling income and inequality issues. The sentence I tagged really portrays his stand and opinion on how if everyone makes an effort and then everyone will receive the benefits. I agree with this statement. 

"Nonetheless, there is growing anxiety in America about higher education." This article talks about how even though America has one of the best schools and colleges, education-wise it is decreasing. The article says this is because how students have to be extensive and expensive tuition, loans, etc.

"It's tough to gauge how the tax plan would actually help the middle class because the averages can be deceiving. Many people pounced on a recent Tax Policy Center analysis that showed middle income people, making between $49,000 and $84,000, would pay an extra $7 in tax, on average." This article talks about president Obama's new Middle Class Economics. Only about 25% of the middle class will receive benefits from these tax cuts.

"Many American families, even those with relatively high incomes, are walking a financial tightrope," said Erin Currier, director of Pew's financial security and mobility project. "Many have little, if any, cushion to absorb an unexpected financial setback. It's a precarious state that threatens not just financial security, but upward mobility." This article talks about how middle class families might not be prepared for an economic crisis if there ever is one, because of the fact that they are not making as much income as the upper class families.

In this article, the author explains the issue of income inequality using the stock market and the IRS. He also explains how much money the middle and upper classes make.

"The middle class - those who make between $50,000 and $100,000 - account for 22% of all filings and roughly the same in income, at 25%. Put it another way: 3.6 million households make basically the same as 32 million households." This article describes income equality in America, measuring it using statistics of taxes. It also explains the annual incomes of the upper and lower classes.

Income is a very serious problem in the U. S. Our debt to other countries is the main reason we have so high taxes. This article give you the facts a statistics on all the problems.

This article explains the reasons for the academic achievement gap in America. It also discusses the benefits of closing the gap by providing the lower class with more resources that will help them receive a better education.

"The wealth of white households was 13 times the median wealth of black households in 2013, compared with eight times the wealth in 2010, according to a new Pew Research Center analysis of data from the Federal Reserve's Survey of Consumer Finances. Likewise, the wealth of white households is now more than 10 times the wealth of Hispanic households, compared with nine times the wealth in 2010." The income inequality between different races has become a significant problem in the United States. According to a recent study, the average annual income of white Americans is 13x greater than that of black Americans. This problem needs to be fixed in order to maintain a healthy democracy.

President Obama says that income inequality is also affected by what is going on globally.

"Americans have long looked to our public schools to provide opportunities for individual advancement, promote social mobility, and share democratic values. We believe good schools are essential to democracy and prosperity - and that it is our collective responsibility to educate all children, not just a fortunate few. Over the past three decades, however, we have witnessed a betrayal of those ideals." This article includes information about local economic inequality. It talks about how all students have a right to learn no matter what there zip code is or their parent's ability to work. It also states that the education system should not focus on how badly poverty has damaged them, education opportunities should focus on the needs of any student.

"Where there is money, there is education. Where there isn't money, there is excessive testing, lack of curricular options, and struggle. There is the struggle to give students the tools they need to fight their way through a system that is designed to hold them back from the moment they take their first breath, from the moment they try to write their first paragraph. "

"I think education is one of the key things that we have to deal with because we don't want to stay behind," said Henrico resident Walter Johnson, whose son graduated from the division. "We need to find out what it is we can do to put everybody on a level playing field." This article talks about how there is an unequal distribution of resources in eastern Henrico, where there is a strong African-American presence. It also discusses the "achievement gap between the county's black and white students". It talks about how more opportunities are needed for these students to succeed if we want this gap to close.

"The advantages that money can buy on tests and college applications have become so great that they threaten to undermine the American ideal of education as the great leveler that enables anyone who works hard to succeed, regardless of income level, the report said. In a knowledge-based economy that increasingly rewards education and skill, the report added, these growing educational disparities could further widen the income gap between rich and poor." High income families are spending more money than even on their children's education, therefore furthering the gap between rich and poor students. These families now spend as much as $9,000 annually on private tutoring, SAT prep courses, computers, and other activities, compared with about $1,300 for low-income families.

"Tall people get paid more money" This article is talking all about how certain people are shown to get more job benefits than others.

"income is 24% less equally distributed here than in the average of the other 34 member countries of the OECD"

"President Obama called it "the defining issue of our time" in his 2012 State of the Union, but he did so without ever uttering the phrase "income inequality." Perhaps that's because income inequality is one of those alliterative word pairs everyone's heard by now but few fully understand." This artical really helped me understand more about income inequality, what it means, how its measured, ect.

"Overall, poor teenagers were more likely to be less physically active, have higher body mass indexes (BMI), and report more physical and psychological troubles, such as headaches and "feeling low.""

""We haven't seen rising incomes over decades.… The rich have gotten richer, income inequality has gotten worse and there are more people in poverty than ever before under this president."" This man talks about how income inequality is there, and there is almost no on left there concerned about it. Good article to get your research started

"" Romney told conservatives at a Republican National Committee meeting two weeks ago. "We haven't seen rising incomes over decades.… The rich have gotten richer, income inequality has gotten worse and there are more people in poverty than ever before under this president." This whole income inequality thing is becoming much more important to the republicans. Mitt Romney, former candidate for the presidency, told others that the income inequality is becoming greater than ever, and it has continuously grown like that. But, people claim it will become better if someone like Romney, who cares about the issue, will run.

"It's a tragedy, a human tragedy, that the middle class in this country by and large doesn't believe that the future will be better than the past," Romney told conservatives at a Republican National Committee meeting two weeks ago. The article describes the support to limit income inequality, even in both political parties. It talks about Romney and how income inequality has become a priority of his to limit.