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The article discusses how during recessions, the rich become richer and how the businesses cycles still disadvantage the poor and benefit the rich. During recessions, income inequality increases and favors those who are wealthy. As unemployment rises, many people see a significant decline in their income and saving abilities. They are no longer able to afford common resources. For example, people will need to sell their business, houses… This leaves the rich buy up such resources for a cheaper price. This is what keeps the rich constantly "on top" and the poor even poorer. There is a chart which really illustrates this statement put forth by the author.

I think it's funny to see how rich people can get even richer during recession.

This article talks about how the top 1% doesn't get affected by recessions and actually gets richer while the poorer get poor. This came as a surprise to me as I thought recession always had a negative effect on the incomes of the population, but obviously this isn't true. The article states since the recovery period of 2009, the bottom 99% of workers incomes decreased by 0.4% while the top 1% workers income raised by 11.2%, an enormous amount during a recession. In my opinion I think this might be because of the increase in black market activity during a recession, due to the fact that the richest people in the world have earned their income, one way or another, through illegal activity.

This article is about the ongoing European Economic Crisis. A decrease in number of jobs and increase in population has led to higher rates of unemployment than ever before. Due to the high unemployment, lesser people are paying taxes as well. So the tax revenues for the country is falling too. Hence they cannot extricate themselves from the debt either. Two of the worst affected countries are Spain and Greece. However countries like Germany and Austria were not affected that badly. Initially in Germany retails sales went down, but since unemployment didn't increase tax revenue wasn't affected. For example the state of Baden- Württemberg pays 49% of the income for taxes.

Like you said one of the most affected countries is Spain where the situation is really bad and the unemployment is really high. There are a lot of things that contributed to this situation, the people spend more than gain, the banks didn´t work properly, the government didn´t intervened… The reasons that many people don´t pay the taxes is because they don´t have nothing and the inequality in Spain is a big problem now. The standards of live of a lot of persons are bad; there are families that live on the grandfather's pension. The people are angry and blame for everything the government.

This article talks about how the euro crisis is effecting the unemployment level severly. It states that due to the record new high level of unemployment since 1975 at 11.6%, at a rate of 11.7% now, less people are paying there taxes. This causes the governmnet to have less of a budget nad therefore it cant subsidize as many companies as it originally wanted to further increasing the crisis. What the governmnet needs to do in this case in lower the taxes so a larger amount of people can afford it and therefore more people would pay tax increasing the governments budget and therefore increasing subsidies

The United States remains desperate for faster growth and stronger job creation as it continues its slow recovery from the 2009 recession. Peter Blair Henry, the dean of NYU's Leonard N. Stern School of Business states private investment is falling $1 trillion short per year due a to disputes over the "fiscal cliff," the federal borrowing limit and other issues." Monetary policy and fiscal policy are working at "cross purposes" - one is expanding while the other contracts." Governments should save money during times of economic prosperity and spend it to boost the economy when growth decreases. Lawmakers should prioritize predictability in policymaking to trigger private investment and government investments, particularly in education, should be off-limits to cuts. Henry points out that a solution to closing the wage gap is to produce more skilled workers. Raising taxes on the highest tax bracket may also be part of the solution to overall sustainability concerning the fiscal side, but not a solution for income inequality.