A Quote by Steven Rattner
Eye-popping tales of growing income inequality are hardly new. By now, nearly every American must be painfully aware of the widening pay gap between top executives and shop floor laborers; between 'Master of the Universe' financiers and pretty much everyone else.
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This is what income inequality means in America, and why the gap between the very rich and everyone else is growing wider. According to a recent study, CEO pay is now 295 times more than the pay of a typical worker. In 1965, the differential was 20 times. We must create an economy that works for all, not just the top 1%.
Equality is not possible. The pursuit of equality, however, people really love that. For some reason, people attach the most wonderful of motives to people who say they see all this inequality out there and need to fix it. It's just not fair. You'll hear it manifest itself in discussions about the so-called widening gap between the rich and the poor or the widening gap between men and women. It's like actually two twin beds.
I think that the main issue with inequality is not the gap between the rich and the poor. It is the gap between the earnings of top business leaders and the salaries of academics and journalists.
Pay attention to the gap - the gap between two thoughts, the brief, silent space between words in a conversation, between the notes of a piano or flute, or the gap between the in-breath and the out-breath. When you pay attention to those gaps, awareness of 'something' becomes - just awareness. The formless dimension of pure conciousness arises from within you and replaces identification with form.
Establishing a 'livable wage' floor would immediately reduce the gap in average pay between American women and men.
The American people must make a fundamental decision. Do we continue the 40-year decline of our middle class and the growing gap between the very rich and everyone else, or do we fight for a progressive economic agenda that creates jobs, raises wages, protects the environment and provides health care for all?
The gap between rich and poor is, in fact, widening enormously. This idea of building up the powers of people who are already powerful and keeping everyone else back is a recipe for endless misery and conflict.
When the topic is growing income inequality, it's hard to prettify an imbalance between the rich and everybody else, so instead, conservatives try to argue that it doesn't exist.
The main issue [of the Scientific Revolution] is that the people in the industrialised countries are getting richer, and those in the non-industrialised countries are at best standing still: so the gap between the industrialised countries and the rest is widening every day. On the world scale this is the gap between the rich and the poor.
I'm telling you, the disconnect is big, and the gap of understanding between the people in Washington, in news media, the New York/Boston/Washington corridor and the rest of the country, that gap is widening.
The gap between rich and poor is widening dramatically. There's a hangar at the Cairo airport for private jets, billionaires are on the Forbes list, and Egypt's annual per-capita income is two thousand dollars. How can you sustain that?
The difference between rich and poor is becoming more extreme, and as income inequality widens the wealth gap in major nations, education, health and social mobility are all threatened.
The past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority.
The gap between what is popular and what is righteous is widening.
The bottom quarter of the human population has only three-quarters of one percent of global household income, about one thirty-second of the average income in the world, whereas the people in the top five percent have nine times the average income. So the ratio between the averages in the top five percent and the bottom quarter is somewhere around 300 to one - a huge inequality that also gives you a sense of how easily poverty could be avoided.
The gap between the rich and poor is widening fast.
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