income

  • Wealthiest Americans Get Richer as Income Gap Widens

    Soundbite Services WASHINGTON – The gap between the richest and poorest Americans continues to widen, according to a new report from the Economic Policy Institute. It analyzes tax data going back to 1917 and shows that, since the 1970s, the majority of Americans have taken home an ever smaller portion...
  • MORE THOUGHTS ABOUT INCOME & WEALTH DISPARITIES

    Hilbert Morales EL OBSERVADOR Mark Zuckerberg’s Harvard University room-mate was Chris Hughes. Hughes was raised in poverty in an Appalachian community by his middle-class parents who faithfully attended church each Sunday. Just by LUCK he ended up as Mark Zuckerberg’s room-mate with an opportunity to participate in the intellectual...
  • Two Retiree Incomes; Same Needs

    Hilbert Morales EL OBSERVADOR As a commentator on issues which I believe are of interest to many EO’s readers, I decided to convey to you my personal experience Thanksgiving Day at a festive family meeting in San Francisco. During the meal, an 83 year old widowed neighbor told me...
  • BALANCING INCOME DISPARITIES

    Hilbert Morales EL OBSERVADOR Much concern exists regarding the economic disparities extant in the American domestic economy. Those concerned with ‘income disparities’ have tried to use ‘income tax credits’ (IRS rebates to those having very low gross incomes). The challenge is to motivate those low income individuals to actually...