Issues - Growing Divide

Today, the top one percent of our society holds 24% of the total wealth in the country. This is the most intense concentration of wealth at the top of the ladder since 1929. At UFE, we believe that the growing economic division between the super-wealthy and the middle class is bad for our communities, our democracy, and our future.






11 Things the Richest U.S. Households Can Buy That You Can’t

June 9, 2011 — Adam Katz
filthy rich

The 400 wealthiest families in the U.S. aren't just filthy rich, they are downright dirty. Collectively, these households own $1.37 trillion dollars; a number so high that it's nearly impossible to comprehend. Here are 11 shocking things $1.37 trillion can buy that you can't.

The Bush Tax Cuts Ten Year Hangover

June 7, 2011 — Maz
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Ten years ago, the great con known as the Bush tax cuts was signed into law.

We were told that the budget surplus left by the Clinton administration would be better off in the hands of the taxpayers. Those tax breaks were to stimulate the economy, create jobs and lead us all to the American Dream.

Of course, the story of the past decade has been much different:

The lion's share of the tax breaks were stuffed into the pockets of a small percentage of taxpayers. The top 10 percent of earners received 55 percent of the tax benefits; the top 1 percent alone grabbed 38 percent. And, at the tip top of the income scale, the top .01 percent of households snatched an average cut of $520,000, or 450 times the average break for a middle-income family.

The current unemployment rate of 9.1 percent is more than double the rate in the same month a decade ago. In more human terms, 13.7 million people are currently looking for work but can't find a job. But those figures are upwards of 76 percent higher if we include the under-employed and folks discouraged by a still-thin job market.

As for the American dream of white picket fences and a home to call your own, overall home foreclosures were two-and-a-half times above the 2001 rate by the end of 2010. Today, roughly 3.7 million homes are in danger of foreclosure.

Take Action - Bush Tax Cuts Anniversary

June 7, 2011 — Lee Farris
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June 7, 2011 marks the tenth anniversary of the disastrous 2001 Bush tax cuts. Those irresponsible tax cuts added $2.6 trillion to our national debt and went primarily to the wealthiest households in the country.

 

But a nationwide tax justice revolution is gaining steam. All over the country, people are demanding to know: If we can pay our taxes, why can't America's wealthy individuals and richest corporations pay their fair share?

 

Join United for a Fair Economy, Responsible Wealth, and our partners during the week of June 7 to demand that millionaires and billionaires pay their fair share. Here's how you can get involved.

New Report: Flip It to Fix It

May 25, 2011 — Shannon M.
flip it to fix it

States are facing their largest decline in revenue on record. The response from elected officials has been downright harmful, shortsighted, and economically unsound. Cutting to get out of a deficit is like digging to get out of a ditch. It puts everything we value at risk. And as we state in our new report—Flip It to Fix It: it doesn’t have to be this way.

Three Books About the Causes & Consequences of Inequality

May 16, 2011 — Brian Miller
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If you’re looking for a great book to deepen your thinking about the causes and consequences of inequality, here are three of my favorite reads of the last few months.