History of IDEA
Jeannie Oakes, Founder and Former Director
Youth Voice in School Finance
NEW REPORT: Los Angeles' road to A-G for all
Without Dollars and Sense Powerpoint
Past Educational Opportunity Reports
A snapshot of income disparity
- 02-25-2010
-
By Tim Rutten/Los Angeles Times
On the eve of our worst financial crisis since the Depression, the United States was -- from an economic standpoint, at least -- a less equal nation than at any time since the Gilded Age. The sputtering recovery now underway is producing few, if any, jobs to replace those that have been lost. Meanwhile, a variety of factors continues to push wages and most salaries lower. Thus, we're likely to emerge from this downturn with even greater disparities in income, wealth and effective tax rates, and the forces pushing us in that direction are particularly strong in Los Angeles County. We have a pre-recession portrait of American inequality because, in 1992, the Clinton administration asked the Internal Revenue Service to begin tracking the incomes and tax payments of the country's 400 richest households. (more...)
Print this
