Sep 30, 2019

Income inequality "is the biggest powder keg in America right now"

Reproduced from CivicScience; Chart: Axios Visuals

The gap between those at the top and everyone else in the U.S. grew last year to its highest level in more than 50 years, according to U.S. Census Bureau figures released Thursday.

Why it matters: The issue is beginning to generate greater concern among Americans, data shows, and could become a more prominent issue for politicians as well as companies.

  • "The gap between the haves and have-nots is the biggest powder keg in America right now and that’s saying something," John Dick, founder and CEO of CivicScience, said in a note.
  • "Even as consumer confidence remains high, concerns over income inequality reached the highest point we’ve seen this month. But that’s a little misleading because the term 'income inequality' evokes a tribal response," Dick said.
  • "When we asked whether CEOs and company execs are unfairly overpaid relative to workers, 78% of people said yes, 11% say no."

Go deeper: U.S. income inequality surges to highest level in 50 years

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Dick's destroyed $5 million of assault weapons after storewide ban

Dick's Sporting Goods. Photo: Diana Haronis/Getty Images

Dick's Sporting Goods turned nearly $5 million worth of guns into scrap metal rather than sending them back to manufacturers after the company restricted the sale of military-style guns starting in 2018, reports the Washington Post.

The big picture: A collection of corporate executives have been at the forefront of the national gun debate, with Dick's CEO Ed Stack often taking the lead, even as the NRA and Republican lawmakers criticized the company's policies. Stack has made changing Dick's gun policies a focal point of his role, per the Post

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Broadband's entrenched inequality

Data: Axios research. Note: Prices do not include taxes, except Starry.; Table: Axios Visuals

The results of a new Census Bureau report reveal significant overlap between areas of limited broadband access and concentrated poverty.

Why it matters: "Inequality and the lack of broadband access have become inherently intertwined in the U.S.," Francella Ochillo, executive director of Next Century Cities, writes for Axios Expert Voices.

Go deeperArrowOct 10, 2019

Trump's economic shield against impeachment

Illustration: Eniola Odetunde/Axios

President Trump always counted on the economy to carry him to re-election, but now he's testing it as a central argument against impeachment.

Why it matters: If Americans see their economic fortunes tied to whether Trump is impeached, it could make Democrats' next moves on impeachment that much harder — and give Trump a new insurance policy for the general election.

Go deeperArrowOct 5, 2019