Category: Poverty & income gap
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The Koch’s Bizarre Meddling in Chesterfield
By Peter Galuszka The Koch brothers are back in the bucolic suburban tracts of Chesterfield County. This time, their national group, Americans for Prosperity, has launched a robocall campaign to oppose a proposed real estate tax hike of 4.6 cents to help pay for $304 million renovations to schools or perhaps hire more teachers to…
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Sarles Makes Pitch for Metro Subsidies
by James A. Bacon Last Wednesday Richard Sarles, chief executive officer of the Washington Metropolitan Area Transit Authority (WMATA), appeared in Richmond to brief the Commonwealth Transportation Board (CTB) on the transit authority’s plans to meet the transportation needs of the fast-growing Washington region, including Northern Virginia, through 2025. Sarles did not provide a specific…
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Someone Has to Worry about Tomorrow
Mercedies Harris, speaking to the Times-Dispatch, came as close as anyone to summing up what Virginia’s Medicaid debate is all about: “The system is crazy. They have got to stop worrying about what is going to happen tomorrow and deal with the people who need help today.” The 53-year-old veteran and Waynesboro resident suffers from…
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The Terrible Link Between Income and Longevity
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in Business and Economy, Courts and law, Demographics, Disasters and Disaster Preparedness, Economic development, Energy, Environment, Health Care, Infrastructure, Insurance, Labor and Workforce, Land use & Development, Media, Money in politics, Politics, Poverty & income gap, Property rights, Public safety & health, Regulations, Gov’t Oversight, Science & Technology, Social Services and EntitlementsBy Peter Galuszka Call it a tale of two Virginias. One is rich with military retirees, ample benefits and gated communities. The other is remote, poor and polluted, where the life expectancy for men is merely 64 years. The former is Fairfax County at the heart of NOVA, Virginia’s economic engine, the land of federal…
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Redistributing the Wealth: College Tuition
by James A. Bacon In the on-going sparring between left and right over inequality in the United States, the left has succeeded in framing the debate by defining the issue as income inequality, as in income reported to the Internal Revenue Service. Conservatives have countered that IRS income does not include income generated through the…
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More Data Points in the Income Inequality Debate
On the New Geography blog, Joel Kotkin has published an interesting list ranking the 50 largest U.S. metropolitan regions by the percentage of income derived from interest, dividends and rent. Inhabitants of metros that rank at the top of this list earn a higher percentage of their income from their investments than from salaries, wages…
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Chart of the Day: Quantitative Easing and the 1%
Back to one of my favorite themes… If you want to understand the increase in income inequality over the past few years, look no further than this chart (which I have taken from Zero Hedge). For those who don’t intuitively draw the obvious conclusions, let me spell it out for you. Quantitative easing (as reflected…
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America’s Most Egalitarian City… Less of a Distinction than It Appears
Measured by income extremes, Virginia Beach is the most egalitarian large city in the country. Among households in 2012, the average income of the Top 5% was only six times that of the average income for the Bottom 20%. That compares to Atlanta, where the ratio was almost 19 to one, San Francisco, where the…
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The Tragic Lessons of Kiev
By Peter Galuszka The news from Ukraine is frightening and familiar. At least 100 people have been killed in rioting in Kiev. Some were shot by Interior Ministry snipers after demanding that President Viktor Yanukovych allow new elections. The latest is that he may do just that. Like all former Soviet republics, Ukraine has been…
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Flood Insurance: Subsidizing the Rich
Owners of expensive condos and beach houses along the coastline are petitioning the Federal Emergency Management Agency to redraw flood-zone maps to exclude their maps from the flood zones. Getting the maps redrawn saves as much as 97% in flood insurance — but gives petitioners the same protection as their neighbors inside the flood zones.…
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Tar Heel Grief Just Down the Road
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in Business and Economy, Courts and law, Crime, Corrections, Law Enforcement, Demographics, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Electoral process, Energy, Environment, Federal issues, Government Finance, Government workers and pensions, Health Care, Housing, Infrastructure, Labor and Workforce, Land use & Development, LGBQT, Media, Money in politics, Planning, Politics, Poverty & income gap, Property rights, Public safety & health, Race and Race Relations, Science & Technology, Social Services and Entitlements, Water-waste waterBy Peter Galuszka It’s sad to see two states to which I have personal ties – North Carolina and West Virginia — in such bad ways. The latest raw news comes from the Tar Heel state where we are seeing the handiwork of hard-right- Gov. Pat McCrory who has been on a tear for a…
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Keep ’em Poor; It’s for the Best
By Peter Galuszka The think tanks are spinning their lines now that Congress is considering raising the federal minimum wage. A Democratic proposal would hike the level from $7.25 an hour to $10.10 by 2016, putting more money in the pockets of 27.8 million people. As The New York Times points out this morning, think…
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Strike a Blow against Income Inequality — Marry a Floozy
by James A. Bacon President Obama has made it plain that addressing income inequality will be the great theme of the rest of his presidency. Now is the time for all good liberals and progressives to follow his call — not just by seeking to tax the rich but by aligning their personal behavior with…
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Journalism’s Death Is Greatly Exaggerated
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in Business and Economy, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Electoral process, Energy, Environment, Federal issues, Government Finance, Government workers and pensions, Gun rights, Health Care, Housing, Immigration, Infrastructure, Insurance, Labor and Workforce, Land use & Development, LGBQT, Media, Money in politics, Planning, Politics, Poverty & income gap, Property rights, Public safety & health, Race and Race Relations, Regulations, Gov’t Oversight, Science & Technology, Social Services and Entitlements, Taxes, Transportation, Water-waste waterBy Peter Galuszka “Investigative reporting, R.I.P. In-depth reporting is dead. If not dead, it’s comatose. Reeling from declining revenue and eroding profit margins, print media enterprises continue to lay off staff and shrink column inches.” Err, maybe not. James A. Bacon Jr., meet Rachel Maddow. The quote comes from advertised “sponsorships” in which an outside…
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Where the Poor Are
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in Business and Economy, Demographics, Economic development, Education (higher ed), Education (K-12), Energy, Environment, Federal issues, Government Finance, Health Care, Housing, Immigration, Infrastructure, Insurance, Labor and Workforce, Land use & Development, Media, Money in politics, Politics, Poverty & income gap, Regulations, Gov’t Oversight, Social Services and Entitlements, UncategorizedBy Peter Galuszka With expanding Medicaid about to become a major issue with the incoming Terry McAuliffe administration, it is curious to see exactly where the poor people in Virginia live. An intriguing New York Times interactive graph provides clues and allows one to draw some rather disturbing conclusions. The single worst pocket of poverty…