Page 3 - Inequality Problem News Today

Volcano began earlier in the month. 56 minutes past the hour. check on money stream. global stock market mixed today. a good day because of tax reform. president trump releasing a blueprint yesterday. we need more details but this does propose tax cuts for companies and small businesses. right now u.s., a little bit lower. facebook, google and twitter may testify mr. russi testify about russian meddling. the topic how foreign nationaling used their platforms. facebook admits to selling ads to ...

Today. facebook, twitter and google havent answered that invite yet and did not immediately respond to our requests for comment. all right. americas inequality problem is getting worse. at the richest 1% of families control a record amount of u.s. wealth, about 39% last year. thats nearly twice as much as the bottom 90%. the slices only become smaller. thats from a new report from the federal reserve. a stark picture of inequality in the u.s. even the fed acknowledged that it has become increa...

What peter is describing is something that really just has never worked in the history of the last 30 years of republican trickle down supply side tax plans. so the idea here is that -- >> ronald reagans plan worked. >> if you cut tacks for those at the top of the scale, far more for those at the middle or the bottom, the people at the top will somehow spend it or nvms it in a way that will create faster growth. this didnt work for ronald wray rey gan or george w. bush. it worked in reverse for ...

Think hes pretty foolish. hes a second hander. hes a real peter keating type who needs other people to like him. we know hes an obama fan boy. obama met with him. what is his whole point here? you know, that its a moral imperative that ceos dont make so much more than the lower employees. the truth is, hes worth a lot more. hes the one who started the company when he was 19 years old. i dont know. his employees seem to like it. its almost like youre saying youre not really worth this amount of m...

At bernies moment. i think theyre afraid they have a candidate they have to prop up from now until november of 16 that there isnt any substance, there isnt any charisma and most of all, shes not trustworthy. and thats what those polls you show, the quinnipiac polls, she fails on the trustworthy question again and again. >> it seems as if, though, this is a challenge for her, to break out of this. >> and how far left she goes is the big one. you know, there is the massive inequality problem, but ...

Monastery. seattle is actually doing something about the big inequality problem. as of yesterday, fares of public transportation are based on household income. it is expected to effect up to 100,000 low-income workers. it is seattles latest effort to combat poverty. the city council voted to increase the minimum wage to $15 an hour the highest in the country. in bellevue washington, however bill gates is once again the richest man in the world. the philanthropist is worth a reported $79.5 bill...

One of the republican partys most deeply held beliefs is that the big, bad government must be stopped from intervening in the free market, from picking winners and losers and crushing entrepreneurs. so why is the head of the republican governors association using the heavy hand of the state to strangle free enterprise? >> we dont have an income inequality problem. we have an opportunity unequ inequality problem in this country. government is trying to control the private market. >> republican ch...

Education at all levels. none of this can happen by presidential decree. he needs congress. >> so a couple points on this. first, i think we all kind of agree on what the solutions are. im not quite as optimistic as zanny about the idea that even if we all agree on social mobility, that we would then all agree on what the solutions are. i think i would say what chrystia said slightly differently in that i think the income inequality would be more tolerable if wages were going up for everybody el...

Agree on what solutions are. im not quite as optimistic as zanny about the idea that even if we all agree on social meeblts we would then all agree on what the solutions are. i think i would say what chrystia said slightly differently in that i think the income inequality would be more tolerable if wages were going up for everybody else but theyre not. getting back to your question thats really the important point, that nothing is happening in washington. theres total gridlock. congress isnt doi...

Administration is having myriad troubles. the presidents approval numbers are low. why would republicans provide a target at this point? >> first of all, i think there is a hole within the republican party that is exactly the size and the shape of a conservative reform agenda. theres a natural tension that exists between a partys base and its elected political leadership. thats where this gulf comes in. this hole thats the size and shape of a conservative reform agenda, this is how we repeal, sh...