Social Class & Poverty

408 Pins
 2y
Bourdieu's Food Chart [click on this image to find a short clip and analysis of Bourdieu's concept of cultural capital]
[click on this image to find a short clip and analysis of Bourdieu's theory of taste, in which he argues that "good taste" is simply a reflection of the taste of the ruling class, demarcated by ruling class signifiers]

Social Class: Cultural Capital

4 Pins
Billionaire wealth reaching 20% of GDP: risk of overheating? ~ @gabriel_zucman Source: Saez, Emmanuel and Gabriel Zucman. 2020. "The Rise of Income and Wealth Inequality in America: Evidence from Distributional Macroeconomic Accounts." Journal of Economic Perspectives. 34(4).
The divide widens with each generation, data show, the byproduct of wage stagnation and income inequality Source: Federal Reserve Distributional Accounts
Sources: 2000. European Review of Economic History, 4, 59-83 / Federal Reserve Board. 2017. "Survey of Consumer Finances."

Social Class: Wealth

61 Pins
Again--Billionaire philanthropy is PR. Stop falling for it. Yes, $50M is a lot of money, but had Musk simply paid his taxes at the actual 37% rate, he would've paid $5.18B in taxes which is 104X his donation. ~ Qasim Rashid, Esq.
Jeff Bezos' salary is $81,840. But his wealth is $201,000,000,000 Failing to tax wealth is precisely what the billionaires want. ~ @RBReich
Strange how a trillion-dollar company can put its income overseas and pay no taxes but their minimum-wage employees gets their taxes taken directly out of their paycheck. ~ @DanPriceSeattle

Social Class: Taxation & Trickle-Down Economics

35 Pins
Poverty Rates by Age: 1959 to 2013  The official poverty rate declined from 15% to 14.5%, but this decline was driven entirely by a drop in the number of children living in poverty. The rate looks much worse for working-age adults (i.e., 18-64 year-olds) While working-age poverty was about 9% in 1968 and 10-11% in the 1980s, since the Great Recession, it has hovered around 13.6%.  Source: U.S. Census Bureau
( 3 of 8 ) How Census Measures Poverty: 2012 Poverty Rates by Age Group  For both measures (i.e., official and supplemental), individuals are considered poor if the resources they share with others in the household are not enough to meet basic needs.  [click on this image to find a short video and analysis of how policymakers have promoted austerity, which only works to take ever more resources away from the working poor]
Poverty Rates by Age and Sex: 2015  Source: U.S. Census Bureau

Social Class: Poverty by Age

9 Pins
Laura Petty, a 6 year old berry picker on Jenkins Farm. "I'm just beginnin'. Licked two boxes yesterday," June 1909  Photo credit: Lewis Hine
Young men and boys sleeping on a ramshackle porch, c. 1890.  Photo credit: Jacob A. Riis — in New York, New York.
London street kids, August, 1954.  Photo credit: Picture Post

Social Class: Child Poverty

54 Pins
a comic strip with an image of a man in a top hat
Explaining Capitalism to Aliens - Source: Existential Comics
Aliens: "Explain to us: How do you decide how to allocate resources and who does what work on Earth?" Capitalist: [showing charts] "So you see, on Earth we have a free market, so resources are efficiently allocated to meet the needs of the people based on market principles like supply and demand. Entrepreneurs own the factories and workers sell their labor to them." Aliens: "How can you 'own' a factory?"...
the tweet has been posted to someone on twitter, and it looks like they are
Again--Billionaire philanthropy is PR. Stop falling for it. Yes, $50M is a lot of money, but had Musk simply paid his taxes at the actual 37% rate, he would've paid $5.18B in taxes which is 104X his donation. ~ Qasim Rashid, Esq.
a tweet with an image of a person on it
PSA: Democrats' tax plan doesn't tax wealth, but only yearly income. Here's why that's a problem:
Jeff Bezos' salary is $81,840. But his wealth is $201,000,000,000 Failing to tax wealth is precisely what the billionaires want. ~ @RBReich
This is why I won't return to cryptocurrency...
a tweet that reads, strange how a trillion - dollar company can put its income overseas and pay no taxes
Strange how a trillion-dollar company can put its income overseas and pay no taxes but their minimum-wage employees gets their taxes taken directly out of their paycheck. ~ @DanPriceSeattle
a line graph shows the rise in taxes
A Return to Gilded Age Inequality as Top Tax Rates Drop
Top individual tax rate and top 0.1% share of U.S. income, 1925-2018 Source: Emmanuel Saez (2020) and Institute for Policy Studies
the graph shows that there is no evidence about how much people are spending on their money
Billionaire wealth reaching 20% of GDP: risk of overheating? ~ @gabriel_zucman Source: Saez, Emmanuel and Gabriel Zucman. 2020. "The Rise of Income and Wealth Inequality in America: Evidence from Distributional Macroeconomic Accounts." Journal of Economic Perspectives. 34(4).
"Finally! I can breathe again!" says the rich liberal
How Census Measures Poverty
What Does It Mean to Be Poor in America?
The Cost of Being Poor
Poverty Is a Political Condition with Political Solutions
Time works differently for the rich. We DO NOT "all have the same 24 hours."
The Price of Inequality
It's no mystery why the word "working" was dropped from "International Working Women's Day"