New report shows that no matter which state you live in, the 1% are making even more gains as the rest fall back
Over the last three decades the wealth of the nation's very richest 1% has grown ten times that of the average worker and over that time period that same tiny elite has captured more than half of the entire income increases, leaving the bottom 99% to divide the remaining gains.
This is all based on a new state-level study, The Increasingly Unequal States of America: Income Inequality by State, which looks at how inequality has seized hold of the national economy both in the generation leading up to the great recession of 2008 and in the several years following where a so-called "recovery" was experienced by the financial elite while the majority of U.S. population continues to claw its way back.
“The levels of inequality we are seeing across the country provide more proof that the economy is not working for the vast majority of Americans and has not for decades,” said Mark Price, an economist at the Keystone Research Center, who co-authored the report on behalf of the Economic Analysis and Research Network (EARN). “It is unconscionable that most of America’s families have shared in so little of the country’s prosperity over the last several decades.”
Check out the interactive state-by-state map on inequality generated by the study's authors.
Numerous studies in recent years have exposed the persistent pattern of income and wealth inequality in the United States, but as Price's co-author Estelle Sommeiller explains, “our study shows that this one percent economy is not just a national story but is evident in every state, and every region.”
Though some states show higher levels of inequality, the pattern nationally is firm. What is also made clear by the study is the degree to which specific policies--including the writing of tax law, the climate set for labor conditions, and the setting of wages--have all contributed directly to this pattern where those at the very top benefit from a growing economy and those at the bottom receive increasingly less reward for their hard work.
“It’s clear that policies were set to favor the one percent and those policies can, and should, be changed,” Doug Hall, director of the EARN program said. “In order to have widespread income growth, bold policies need to be enacted to increase the minimum wage, create low levels of unemployment, and strengthen the rights of workers to organize.”
Among the report's key findings:
Link to original article from Common Dreams
Virginia is now being mentioned as a crucial swing state. This Congressional race is certainly one to watch. Perhaps that was why I was so impressed to hear candidate Wayne Powell, (who is challenging incumbent Republican House Majority Leader Eric Cantor for the seat he has held in the 7th District of Virginia since 2001) speak boldly and openly about the environment showdown with Cantor.
Running against incumbent Republican House Majority Leader Eric Cantor in Virginia’s GOP-heavy 7th District is enough to give any Democrat the blues. So Bluegrass legend Dr. Ralph Stanley will headline a two-day campaign swing for Powell next week.
Dream on. But Democratic long shot Wayne Powell might put a few dents in the House majority leader's armor. That Powell and Zerban were in LA raising money for what seemed like increasingly less quixotic quests—Powell is the first challenger Cantor has agreed to debate in 10 years, and Zerban's internal polling in September put him within single digits of Ryan—could underscore America's waning infatuation with tea-party-style politics.
Perhaps you should give it a look, post-mortem. After all, this is the first debate Eric Cantor has agreed to in TEN YEARS.
A top aide to House Majority Leader Eric Cantor said the Republican will not accept a challenge from Chesterfield County’s Democratic Party to meet its own candidate, Wayne Powell, in a free public forum before the Nov. 6 elections.
Eric Cantor is not particularly popular in his Republican-leaning district. His personal popularity is 37% favorable, 31% unfavorable. Strongly unfavorable views outnumber strongly favorable ones, 25%- 21%. Cantor’s “re-elect” number is weak: 41% want to re-elect Cantor, while 43% want to replace him.
Democratic 7th District congressional candidate Wayne Powell is taking his campaign to unseat longterm incumbent Republican Eric Cantor right into the living rooms of central Virginia Republicans. The ad will run district-wide approximately once an hour on Fox News for the entire Convention. The ad buy is indicative of Powell’s strategy of reaching out to all voters regardless of their political affiliation.
A Richmond native and attorney like his opponent, Powell is otherwise very different from 49-year-old Cantor, Majority Leader in the U.S. House since 2011, and Culpeper County’s congressional representative since 2000.
Cantor’s name came up a lot during Thursday’s “Open Town Hall Meeting” hosted by Powell, who was articulate and well received by local constituents in attendance.
House Majority Leader Eric Cantor, R-7th, will debate Democratic challenger Wayne Powell on Friday, Sept. 28.
Cantor, who declined to debate Democratic challenger Rick Waugh in 2010, has not debated a Democrat in a general election since 2002, when he squared off with former Georgia congressman and "Dukes of Hazzard" star Ben L. "Cooter" Jones.
It takes courage to look at a roomful of Democrats and confess that you were a consultant on John Edwards’ presidential campaign.
But that is exactly what Dave “Mudcat” Saunders did at the June 6 Chesterfield Democratic Committee meeting. Saunders just put it right out there while telling members how he thinks Wayne Powell can beat 7th District Congressman Eric Cantor.
Wayne Powell, Veteran, Small Business Owner and Local Attorney Is the Democratic Nominee to Oppose Eric Cantor. Says Cantor is “epitome of what is wrong in Washington…a career political operator who is the poster child for Washington gridlock and dysfunction”
“We take care of our own.” That was the major theme of Wayne Powell’s speech Friday at the Raven’s Nest in Culpeper.
Powell is a Democratic candidate for the 7th District, the seat currently held by House Majority Leader Eric I. Cantor.
For Wayne Powell, Virginia’s 7th Congressional District “isn’t personal, it’s Cantor.”
Powell, 62, is challenging Republican incumbent Eric Cantor of Henrico County for his seat in the U.S. House of Representatives. Powell is one of the three candidates running for the spot on the Democratic ballot this fall.
Wayne Powell wants to be the Democratic Party nominee to challenge House Majority Leader Rep. Eric I. Cantor, R-Henrico, for the 7th District seat in the House of Representatives in November.
Earlier this evening I spoke with Wayne Powell, one of three 7th Congressional District Democrats seeking the Democratic Party's nomination to face off against Eric Cantor this November. Powell told me that when he heard what had happened at Virginia's Capitol Square, he hurried downtown to offer his legal services to the protesters that had been arrested.
E. Wayne Powell, candidate for the Democratic nomination against Eric cantor in the Seventh Congressional District, today released this statement about the incidents at the Capitol.
E. Wayne Powell, a candidate for the Democratic nomination to take on Eric Cantor in Virginia's 7th Congressional District, has had a really amazing week. It all started last Thursday when Powell received the endorsement of the Progressive Democrats of America's chapter in Virginia's 7th CD. Powell's education and experience—especially his service in the military—make him exceptionally well equipped to face Cantor.
On October 13th members of the PDA 7th District Chapter endorsed candidate E. Wayne Powell.
Occasionally I take a long weekend. It’s a chance to take a break from the profession, and the campaign. Last weekend I travelled to New York City. What started as a getaway ended in an exhilarating glimpse of democracy in action.
My name is Wayne Powell, and I'm a Democrat running for Congress in Virginia's 7th Congressional District to replace Eric Cantor. Americans need good jobs now. Let's face it, as a nation we tend to define ourselves by what we do. I am an attorney and a retired military officer. When you deny Americans an opportunity to do meaningful work and contribute to their community by providing services, you are attacking a key part of their individual identities.
VA-07 E. Wayne Powellhttp://www.powellforva.com