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Majority in U.S. say rich pay too little in taxes

As the income gap between rich and poor widens, a majority of Americans say the growing divide is bad for the country and believe that wealthy people are not paying enough in taxes, according to a new survey. The poll released Monday by the Pew Research Center points to a particular challenge for Republican presidential candidate Mitt Romney, whose party's policies are viewed by a wide majority as favoring the rich over the middle class and poor.


The states with the widest gap between rich and poor

While some income inequality is generally considered necessary in a free market economy, extreme inequality is not. In the United States, there are far more poor people than wealthy ones -- and the gap between the rich and poor is growing.


Obama cites income gap to push jobs bill

President Barack Obama is using a new report on the income gap between the richest Americans and everyone else to continue pushing for passage of his stalled $447 billion jobs bill.

Senh: There's nothing much here that we haven't already seen in previous articles, but it's a good summary of what has happened with the jobs bill so far. What I'm wondering is if it makes much of a difference for Barack Obama to go out and promote his job plan when Republicans are so opposed to it. People can't vote on this, it's up the lawmakers in congress to pass it.


Michael Moore confesses: I am the 1 percent

Filmmaker Michael Moore, who has been supporting the Occupy Wall Street protesters this week, has come clean and admitted that he is indeed among the nation’s wealthiest citizens, but without providing details of just how rich he is.


Occupy camps in Nashville, San Diego broken up

Occupy camps in Nashville, San Diego broken up

Police overnight cleared out protesters in Nashville, Tenn., and San Diego, Calif., as other Occupy encampments came under growing pressure from authorities to abandon sites in parks and plazas.

Senh: With the police involved in breaking up these camps, I wonder how the Occupy Wall Street movement can continue peacefully.


There’s a bigger house of cards that hurt minority homeowners’ wealth

It is far too easy to say that minorities have only themselves to blame for their wealth decline because they bought homes they couldn’t afford. That argument would let so many off the hook. It would excuse the government for its monumental failure to tame predatory lenders. And it would absolve the lenders who came up with exotic mortgages that should never have been pitched ubiquitously, especially not to financially fragile minority borrowers. But blaming the victim is what we do so well in America.


Wealth gap widens between whites, minorities

The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession has erased decades of minority gains, leaving whites with 20 times the net worth of blacks and 18 times that of Hispanics.


US wealth gap grows between races

US wealth gap grows between races

A new study suggests the wealth gap between white and black people in the US increased fourfold in 23 years.


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