Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Sunday, August 31, 2014
Killing Herself To Live
Here is a sad story about Maria, a 32 year old woman who was working four jobs to make ends meet and literally died of exhaustion. It makes me think of the Black Sabbath song Killing Yourself To Live. "You work your life away and what do they give? You're only killing yourself to live! ...Never give your trust away, you'll end up paying 'til your dying day!"
Friday, August 22, 2014
The Top 1% Only Get 1% of Income... Well, Sort Of
Income inequality is a hot topic these days, with the Occupy Wall Street movement of a few years back and so much attention being paid to the disproportionate share of income for the top 1% in the U.S. However, that's not true for income earned by labor (wages, tips, etc.). In fact, it's quite the opposite, with the top 1% earning only about 1% of income from labor. How can this be? This discrepancy of polar extremes is because the top 1% earns around 75% of income from capital gains.
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