Even the Federal Reserve knows that income inequality is a big problem

Now, we’ll see if anyone does anything about it. Democratic tax proposals would improve the situation but I expect Republicans to block them.

Federal Reserve chair calls income inequality America’s biggest challenge in next 10 years https://t.co/tW5fcJsw1s
— The Washington Post (@washingtonpost) February 8, 2019

Senators Chuck Schumer and Bernie Sanders wrote an op-ed calling for limits on corporate stock buybacks, blaming the practice for contributing to income inequality in the U.S. https://t.co/ALeC4hplQ8 pic.twitter.com/9iGc8peDIr
— CNBC (@CNBC) February 4, 2019

Why income inequality is bad for the climate https://t.co/sMgVwp6cgr #economics #environment pic.twitter.com/r1yrbdDSEC
— World Economic Forum (@wef) February 7, 2019

Rep Maxine Waters on responding to income inequality: “I'm not defined in that way that I believe in redistribution. That implies you want to take from rich, give to the poor. I'm defined about fairness, equal opportunity, govt on behalf of all the people” https://t.co/nKaxqYgVG4
— John Harwood (@JohnJHarwood) February 1, 2019

Analysis: Wealth concentration returning to "levels last seen during the Roaring Twenties," according to new research https://t.co/OYMSQVW2Fl
— The Washington Post (@washingtonpost) February 8, 2019

Income inequality articles roundup 1/31/19

Via @axios: https://t.co/cBz7mBbRkg pic.twitter.com/gz9TN68xHD
— Nick Confessore (@nickconfessore) January 21, 2019

Income inequality doesn’t happen overnight. It happens gradually, such as by weakening unions or refusing to raise the minimum wage. That’s why it’s so critical when elections come around that we vote in elected officials who will represent the people. https://t.co/vZf2kwgRBU
— Kamala Harris (@KamalaHarris) December 24, 2018

Do the wealthiest 0.1% own about as much as the bottom 90% as @ewarren said?
It's close, tho estimates vary.
Mostly True.https://t.co/tKxLpwVuy9 pic.twitter.com/2ixlOQDBzY
— PolitiFact (@PolitiFact) February 1, 2019

The world's billionaires are growing $2.5 billion richer every day, and the 26 richest are as wealthy as the 3.8 billion poorest people combined, according to a new Oxfam International report https://t.co/TZUjXSmQ6q
— CNN (@CNN) January 23, 2019

Trump's economy is great for billionaires, not for working people | Bernie Sanders https://t.co/p5uLPPsNB9
— The Guardian (@guardian) January 16, 2019

With black and Latino votes in the balance in the Democratic presidential primary, would-be candidates are already developing aggressive policies to target the racial wealth gap. It could become a litmus test in 2020, @fivefifths writes: https://t.co/ixMm5dXnRj
— The Atlantic (@TheAtlantic) January 17, 2019

Income inequality articles roundup 1/15/19

Somewhere between “teachers shouldn’t have to sell their own blood to make rent” & “billionaires with helipads and full-time workers on food stamps shouldn’t exist in the same society” https://t.co/utYrwSObNN

— Alexandria Ocasio-Cortez (@AOC) January 15, 2019

.@AOC: "The vast majority of Americans know that income inequality is one of the biggest issues of our time." @HillTVLive https://t.co/2eO3xwiwmL pic.twitter.com/AEK8Y3tKH3

— The Hill (@thehill) January 15, 2019

Fascinating study: Americans *vastly under-estimate inequality in the U.S., particularly racial disparities.

They guess that black Americans are 80% as wealthy as white Americans.

In fact, blacks are just 5% as wealthy as whites.https://t.co/2pJoIlTw4B pic.twitter.com/H17tugsb9c

— Eric Umansky (@ericuman) January 6, 2019

As I was saying. https://t.co/Rp8Ko0U7Ka

— Tom Nichols (@RadioFreeTom) January 10, 2019

Capitalism isn’t working right.

The U.S. economy is growing, but workers are seeing less and less of the benefits https://t.co/M5rKCRehmS pic.twitter.com/QauIZ6Ia98

— Bloomberg Opinion (@bopinion) January 5, 2019

American "meritocracy" in one graph: the growing gap in how much the wealthiest people spend on their kids, compared to everyone else. https://t.co/N8cnCWr6xI pic.twitter.com/MTQ76Tia2g

— Alec MacGillis (@AlecMacGillis) December 27, 2018

The economy is growing in the US, so why are people still so unhappy and angry? This amazing chart might be the answer. (h/t Torsten Slok, @DeutscheBank) pic.twitter.com/XORk1EyZuI

— John Authers (@johnauthers) December 13, 2017

"Economists are calling the economy 'great' because that’s what they’re used to doing. They just mean that most people have jobs. This standard terminology ignores the question of how much those jobs pay, or which classes of society reap the gains."https://t.co/hq1VmkQXyF

— Binyamin Appelbaum (@BCAppelbaum) December 1, 2018

I pointed out that income inequality has grown (objectively true) and Forbes accuses me of becoming “a lefty” with “baseless disdain for capitalism.” Oh, brother. This is how ideologues react to reality. https://t.co/5kteZXfwiZ

— Max Boot (@MaxBoot) December 3, 2018

As rural America gets left behind by the rise of coastal superstar cities and the chasm between the richest and the rest widens, one entity is heavily profiting from the blight: the dollar store. https://t.co/EYuwoCasYz

— Axios (@axios) January 1, 2019

Average household savings

“The top 1% of households have an average of $2.5 million in accounts, while the bottom 20% of households have an average of $8,870 saved.”

Wow. This is how much America's 1% has in savings: https://t.co/kgRYt1vBH2

— MarketWatch (@MarketWatch) August 25, 2018

CEO-to-worker compensation is 312 to 1

A new report finds that the CEO-to-worker compensation ratio is 312-1.

Trump says the economy is doing great.@paulwaldman1 on the basic difference this reveals between Trump/GOP and Dems:https://t.co/BxeARAdZgx

— Greg Sargent (@ThePlumLineGS) August 16, 2018

Avg. CEO pay, top 350 companies —>

2009: $11.1M
2017: $18.9M
(+72%)

Worker compensation —>
2009: $53.4K
2017: $54.6K
(+2%)

New @EconomicPolicy study, with @jenamcgregor:https://t.co/xTNcoCLVax

— Jeff Stein (@JStein_WaPo) August 16, 2018

2017 was a great year for CEOs. Not so much for the average worker. https://t.co/PLRUIBcb0g

— Vox (@voxdotcom) August 16, 2018

Every Western European country except Italy has had faster median income growth than the US

Interesting. Worth noting that every Western European country except Italy has had faster median income growth than the US https://t.co/2J8UDRZ87g pic.twitter.com/u64D8Qsgmw

— Paul Krugman (@paulkrugman) August 5, 2018

Millionaires against income inequality

Approximately 200 wealthy Americans are putting their money behind bipartisan candidates against income inequality. https://t.co/NqgqEWEQtt

— Vox (@voxdotcom) August 1, 2018