Tag: income redistribution

¡Yay, Miami es Numero-Uno!

Buck Banks

Copyright: Image by StockUnlimited
Copyright: Image by StockUnlimited
Having just dodged the first major hurricane to hit Florida in more than a decade, Miami, it would appear, has something else to celebrate. Or not.

According to Bloomberg, Miami is now the most unequal city in the United States, having leapfrogged five ranks in just a year to reach the top. Yay! We have greater income disparity than anybody!

Bloomberg ordered large cities – those with populations of at least 250,000 – based on the Gini coefficient. The index measures the distribution of household income using 2015 data from the U.S. Census Bureau’s American Community Survey. The ratio ranges from zero, which reflects absolute equality, to one, complete inequality. Miami took the top spot in 2016 with a coefficient of .58, followed by Atlanta and New Orleans.

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Income Inequality Shaping Up to Be a Real Issue in 2016

Buck Banks

6 in 10

Americans said government should do more to reduce the gap between the rich and the poor, but they split sharply along partisan lines, a new New York Times/CBS News poll finds. “Only one-third of Republicans supported a more active government role, versus eight in 10 of Democrats.”A Americans “are broadly concerned about inequality of wealth and income despite an economy that has improved by most measures, a sentiment that is already driving the 2016 presidential contest.”