Skip to main content

The Ever-Growing Gap: Failing to Address the Status Quo Will Drive the Racial Wealth Divide for Centuries to Come

Chuck Collins, Dedrick Asante-Muhammed, Josh Hoxie and Eman Institute for Policy Studies
The typical millionaire receives about $145,000 in public tax benefits, while working families get a grand total of $174 on average. In 2043, minorities will be the majority and the will have doubled. The lingering effects of generations of discriminatory and wealth-stripping practices have left black and Latino households far behind white families, and may impact their economic trajectories in the decades to come.

As Wealthy Give Smaller Share of Income to Charity, Middle Class Digs Deeper

Alex Daniels The Chronicle of Philanthropy
The wealthiest Americans—those who earned $200,000 or more—reduced the share of income they gave to charity by 4.6 percent from 2006 to 2012. Meanwhile, Americans who earned less than $100,000 chipped in 4.5 percent more of their income during the same time period.

Matt Taibbi: The SuperRich in America Have Become 'Untouchables' Who Don't Go to Prison

Amy Goodman, Matt Taibbi Democracy Now!
Matt Taibbi discusses his new book, "The Divide: American Injustice in the Age of the Wealth Gap." The vast majority of white-collar criminals have avoided prison since the financial crisis began, while an unequal justice system imprisons the poor and people of color on a mass scale. Taibbi explores how the Depression-level income gap between the wealthy and the poor is mirrored by a "justice" gap in who is targeted for prosecution and imprisonment.
Subscribe to wealth disparity