Thursday, December 1, 2022

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Group wants rollbacks of some IA voting restrictions; RSV, Flu, COVID: KY faces "Triple Threat" this winter; Appeals court halts special master review of documents seized at Mar-a-Lago.

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The Senate passes a bill forcing a labor agreement in an effort to avoid a costly railway worker strike. The House Ways and Means Committee has former President Trump's tax returns in hand. The Agriculture Committee is looking at possible regulations for cryptocurrency following the collapse of cryptocurrency giant FTX. The Supreme Court will be reviewing the legality of Biden s student debt relief program next year. Anti-semitic comments from Ye spark the deletion of tweets from the the House Judiciary Committee GOP's Twitter account.

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The first-ever "trout-safe" certification goes to an Idaho fish farm, the Healthy Housing Initiative helps improve rural communities' livability, and a new database makes it easier for buyers and builders to find available lots.

Wealth & Income Gap Growing Quickly

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Friday, November 16, 2012   

CHARLESTON, W.Va. – A new study based on census figures shows the gap between the rich and poor continues to grow quickly. Analysts say it's becoming a serious issue for the economy as a whole.

Stuart Frazier, an analyst with the West Virginia Center on Budget and Policy, says the figures show the gap has grown even faster than average here. He says by one measure the distance between the state's rich and poor households has doubled in 30 years.

"Families in the top 5 percent, their income is about 10 times as large as the poorest 20 percent of West Virginians."

Economists stress that rising inequality is not inevitable, that the gap between rich and poor actually fell between World War Two and 1970. And they say it also fell for a brief period during the economic growth of the late 90s. They say part of that was due to Clinton era tax policies and a rise in the minimum wage.

According to Elizabeth McNichol, a senior fellow with the state fiscal project of the Center on Budget and Policy Priorities in Washington, the gap has grown nationally for three decades, but has become worse in the last 10 years.

"When the economy has grown, the lion's share of that has gone to households at the top. What we've seen in the last decade is that the incomes of the households at the bottom are actually declining."

McNichol says inequality is bad because it makes the economy less flexible. And she says people who work hard and play by the rules should be rewarded.

"There's a question of fairness. The economic growth comes from the contributions of people in all walks of life. When your place on the income scale determines whether you get rewards for that work, then that's a problem."

She says education, job training and tax policies at the state level can make a big difference.

"Assistance in childcare, job training, transportation, health insurance can help families get jobs and move up the income scale."






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