US Inequality & Iniquity - Politics | PoFo

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By Presvias
released by the Census Bureau on Tuesday showed that the median U.S. household—the one in the statistical middle—had income of $63,200 last year. That was a bit more than the $62,600, adjusted for inflation, that the median household made in 2017. And it is well above the $56,750 that new data, adjusted for methodology changes, show the median household made in 2014, when many Americans were still smarting from the aftermath of the financial crisis.

But the 2018 figure was basically even with what the adjusted data show for 1999. Considering that the U.S. economy grew by an inflation-adjusted 48% over the same period, that is more than striking. It reflects shifts in the economy by which upper-income tiers are capturing more of the economy’s gains. The top 20% accounted for 52% of household income last year, compared with 49.4% in 1999. A similar dynamic is going on with wealth; Federal Reserve data show a growing share of U.S. net worth accruing to the rich.. ... 1568136471


Sept. 10 (UPI) -- The number of people without health insurance in the United States increased in 2018, a Census Bureau report released Tuesday indicates.
The annual report found that 8.5 percent of Americans, or 27.5 million people, did not have health insurance at any point in 2018, up from 7.9 percent, or 25.6 million people in 2017.

It marked the first year-to-year increase in the percentage of uninsured people since 2008-09. ... 568149140/

Further recent reports by billionaires, the OECD, IMF, major banks..even Forbes have concluded that your status quo is simply not fit for purpose. One recent report said that inequality levels are almost as bad as those found during the Great Depression.

Without a radical overhaul of your entire system, and full utilization of new methods of production, new technologies and a sincere committment to tackling climate change; you're simply headed for absolute disaster.

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