SDOH Archives

Social Determinants of Health

SDOH@YORKU.CA

Options: Use Forum View

Use Monospaced Font
Show Text Part by Default
Show All Mail Headers

Message: [<< First] [< Prev] [Next >] [Last >>]
Topic: [<< First] [< Prev] [Next >] [Last >>]
Author: [<< First] [< Prev] [Next >] [Last >>]

Print Reply
Subject:
From:
Jordan Panayotov <[log in to unmask]>
Reply To:
Social Determinants of Health <[log in to unmask]>
Date:
Mon, 2 Apr 2007 00:20:02 +1000
Content-Type:
text/plain
Parts/Attachments:
text/plain (152 lines)
It looks like a New Depression is around the corner.
When most people have less to spend the impact on the economy can be only
one - Depression.
It doesn't happen in one day, but if the trend persists it happens one day.

Jordan
Master of Economics

P.S. this is not a 1st of April joke

----- Original Message -----
From: "Dennis Raphael" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Sunday, April 01, 2007 10:27 PM
Subject: [SDOH] PHA-Exchange> Income Gap in the US is widening


> from "pha-exchange" <[log in to unmask]>
>
>
> > Income Gap Is Widening, Data Shows
> > By DAVID CAY JOHNSTON
> >(excerpts)
>
> > Income inequality grew significantly in 2005, with the top 1 percent of
> > Americans - those with incomes that year of more than $348,000 -
> receiving
> > their largest share of national income since 1928, analysis of newly
> > released tax data shows.
> >
> > The top 10 percent, roughly those earning more than $100,000, also
> reached
> > a level of income share not seen since before the Depression.
> >
> > While total reported income in the United States increased almost 9
> > percent in 2005, the most recent year for which such data is available,
> > average incomes for those in the bottom 90 percent dipped slightly
> > compared with the year before, dropping $172, or 0.6 percent.
> >
> > The gains went largely to the top 1 percent, whose incomes rose to an
> > average of more than $1.1 million each, an increase of more than
> $139,000,
> > or about 14 percent.
> >
> > The new data also shows that the top 300,000 Americans collectively
> > enjoyed almost as much income as the bottom 150 million Americans. Per
> > person, the top group received 440 times as much as the average person
in
> > the bottom half earned, nearly doubling the gap from 1980.
> >
> > Last year, according to data from other sources, incomes for average
> > Americans increased for the first time in several years. But because
> those
> > at the top rely heavily on the stock market and business profits for
> their
> > income, both of which were strong last year, it is likely that the
> > disparities in 2005 are the same or larger now.
> >
> > The disparities may be even greater for another reason. The Internal
> > Revenue Service estimates that it is able to accurately tax 99 percent
of
> > wage income but that it captures only about 70 percent of business and
> > investment income, most of which flows to upper-income individuals,
> > because not everybody accurately reports such figures.
> >
> In addition to rising incomes and reduced taxes, the equation
> > should take into account cuts in fringe benefits to workers and in
> > government services that middle-class and poor Americans rely on more
> than
> > the affluent. These include health care, child care and education
> > spending.
> >
> This all raises serious questions about continuing to provide tax cuts
> > averaging over $150,000 a year to people making more than a million
> > dollars a year, while saying we do not have enough money" to provide
> > health insurance to 47 million Americans and cutting education benefits.
> >
> > The analysis showed that the top 10 percent of  Americans collected 48.5
> > percent of all reported income in 2005.
> >
> > That is an increase of more than 2 percentage points over the previous
> > year and up from roughly 33 percent in the late 1970s. The peak for this
> > group was 49.3 percent in 1928.
> >
> > The top 1 percent received 21.8 percent of all reported income in 2005,
> up
> > significantly from 19.8 percent the year before and more than double
> their
> > share of income in 1980. The peak was in 1928, when the top 1 percent
> > reported 23.9 percent of all income.
> >
> The New York Times Company
>
>
> ---
> PHA-Exchange is hosted on Kabissa - Space for change in Africa
> To post, write to: [log in to unmask]
> Website: http://lists.kabissa.org/mailman/listinfo/pha-exchange
>
> -------------------
> Problems/Questions? Send it to Listserv owner: [log in to unmask]
>
>
> To unsubscribe, send the following message in the text section -- NOT the
subject header --  to [log in to unmask]
>
> SIGNOFF SDOH
>
> DO NOT SEND IT BY HITTING THE REPLY BUTTON. THIS SENDS THE MESSAGE TO THE
ENTIRE LISTSERV AND STILL DOES NOT REMOVE YOU.
>
> To subscribe to the SDOH list, send the following message to
[log in to unmask] in the text section, NOT in the subject header.
>
> SUBSCRIBE SDOH yourfirstname yourlastname
>
> To post a message to all 1200+ subscribers, send it to [log in to unmask]
> Include in the Subject, its content, and location and date, if relevant.
>
> For a list of SDOH members, send a request to [log in to unmask]
>
> To receive messages only once a day, send the following message to
[log in to unmask]
> SET SDOH DIGEST
>
> To view the SDOH archives, go to:
https://listserv.yorku.ca/archives/sdoh.html

-------------------
Problems/Questions? Send it to Listserv owner: [log in to unmask]


To unsubscribe, send the following message in the text section -- NOT the subject header --  to [log in to unmask]

SIGNOFF SDOH

DO NOT SEND IT BY HITTING THE REPLY BUTTON. THIS SENDS THE MESSAGE TO THE ENTIRE LISTSERV AND STILL DOES NOT REMOVE YOU.

To subscribe to the SDOH list, send the following message to [log in to unmask] in the text section, NOT in the subject header.

SUBSCRIBE SDOH yourfirstname yourlastname

To post a message to all 1200+ subscribers, send it to [log in to unmask]
Include in the Subject, its content, and location and date, if relevant.

For a list of SDOH members, send a request to [log in to unmask]

To receive messages only once a day, send the following message to [log in to unmask]
SET SDOH DIGEST

To view the SDOH archives, go to: https://listserv.yorku.ca/archives/sdoh.html

ATOM RSS1 RSS2