Discover and read the best of Twitter Threads about #IncomeInequality

Most recents (6)โ€ฆ
๐Ÿคฆ๐Ÿปโ€โ™‚๏ธ.... ok, this has been going on for two days, now, and showing no signs of stopping. So, letโ€™s be clear:

2 days ago, CNN โ€œReportedโ€ that 4 unnamed Warren staffers say that, over a year ago, Bernie told Warren that โ€œA woman canโ€™t win the Presidencyโ€. 1/
....four decades of evidence of Sanders saying exactly the opposite, and the fact that he encountered Warren to run in the 2016 election means nothing to CNN, it seems.... 2/
This, it seems, is โ€˜journalismโ€™. What passes for hair salon gossip is just as good as real news on what weโ€™re told to believe is a real new station. CNN bristled at being called โ€˜fake newsโ€™ but thinks gossip is the same thing as journalism? Ok....3/
Read 20 tweets
โš  Thread | Republican Party Platform: Socialism for the wealthy. Biblical capitalism for everyone else.
Nearly 700,000 will lose food stamps with USDA work requirement change

๐Ÿ”— #ImpeachTrump #Resist #Trump #GOPTaxScam
Welfare for the rich? A $1.9 Trillion tax cut giveaway.

Fun fact: In 2018, 60 Fortune 500 companies paid no taxes on a total of $79 billion of profits.

Welfare for the poor? 2 Thessalonians 3:10

#Evangelicals #Republicans #ImpeachTrump #Trump #Resist #Bible #GOPTaxScam
Read 172 tweets
๐—ง๐—ต๐—ฟ๐—ฒ๐—ฎ๐—ฑ | ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—œ๐—ป๐—ฒ๐—พ๐˜‚๐—ฎ๐—น๐—ถ๐˜๐˜† ๐—ถ๐—ป ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎ ๐Ÿฎ๐Ÿฌ๐Ÿญ๐Ÿต

#Wealth #Gap #Racial #GenderPayGap #IncomeInequality #EqualPay #Resist
Read 113 tweets
As documented by @TheAtlantic's always-excellent @JamesFallows, one of the underappreciated factors in 2016 election is the failure of #journalism to do its job (one Jim story-- he has many others).
...My thoughts on how to prevent repeat in 2020: <thread>โ€ฆ
In 2016, MSM obsessively covered @HillaryClinton emails, while ignoring the far-more-important story of #FBI investigation of the Trump campaign. This failure had a major impact on the election's outcome. My analysis is shaped by experience in both in #journalism and politics:
We're seeing exactly the same dynamic in the 2020 campaign that we saw in 2016: MSM is focusing on horserace issues & GOP talking points, rather than delving into SUBSTANTIVE differences between the candidates. This could determine outcome of Dem primaries-- & general election.
Read 12 tweets
As we see debates about increasing the top marginal tax rate, and even talk of a max income, I think itโ€™s important to talk about what happened during the long reign of one of the greatest presidents of all time: FDR.

FDRโ€™s election happened during the height of the Great Depression, during which labor movements in the US were at an all time high.

This organization amongst labor, coupled with strong socialist and communist parties within the US, led to increased pressure.
This pressure was applied mainly to corporations and politicians of the time, but was also used in small struggles for better working conditions.

It was in these โ€œtrial-battlesโ€ that groups like the AFL & CIO (modern @AFLCIO) gained strength and skill.
Read 12 tweets
The Spirit Level has been cited โ‰ˆ10K times (โ‰ˆ700 times in 2018).

The book is straightforward: It uses cross-sectional data to show negative effects of #IncomeInequality on health.

The problem: It does NOT hold up to scrutiny.

๐Ÿ’ Thread ๐Ÿ’
#1 ๐Ÿ’-picking.

In the Spirit Level, some countries are excluded from the analysis without justification. When including these countries and using the latest estimates available, the core findings of the book disappear. [2/5]
#2 A second bite at the ๐Ÿ’

Papers using large survey data with much more countries fail to reproduce the findings. E.g., Jen et al. shows that income inequality actually reduces the chances to report a poor health (especially, in developing countries). [3/5]
Read 5 tweets

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