Some armchair economists like to argue that a rising tide lifts all boats, but these days the tide's just lifting the yachts, and the rest of us are actually working for minimum wage to manually raise the tide with buckets. According to a new study [pdf] from the Fiscal Policy Institute, the gap between the rich and poor was widened dramatically in NYC ever since the middle class's post-war golden era ended with the Reagan era. Since 1990, the income share of the top 1 percent of New Yorkers has doubled from 21.5 percent to 44 percent—this is almost double the historically high national level of 23.5 percent.
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Results tagged “killthepoor”
Gap Between Rich and Poor in NYC Wider Than Ever
Hummer Limo Decides to Just Own It With "Kill the Poor" Logo
When it's around 5 p.m. on a Friday and a tipster sends you a photo of a Hummer limo with the words KILL THE POOR emblazoned on it, you don't blink, you just react and share it with the world. Is this really a thing? Is it promoting some album or reality show we're not yet aware of? How poor is poor enough to qualify for extermination? Unclear, but what better way to start the weekend than enjoying the Dead Kennedys' caustic punk go-go classic (listen below) while imagining Jello Biafra lounging ironically in the back, en route to Madison Avenue to finally sell out in a major way? This is real freedom rock, so turn it up, man:
Bloomberg Fights Living Wage at Kingsbridge Armory Mall
Last month the City Planning Commission approved a controversial plan to turn the Kingsbridge Armory, a massive red-brick castle in the Bronx, into a mall that will include a large department store, shops and a movie theater. But critics of the $310 million project insist the developer should not get the green light unless future mall employees are guaranteed a living wage. Opposition was intense yesterday at the City Council subcommittee's public hearing to decide whether to approve rezoning.
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