WHY IS INCOME INEQUALITY RISING?

[Lafayette]

I think that you are constantly moving the goal posts.

Cheap shot.

The goal-posts ALWAYS move in politics.

Try harder ... !

 

[Luther]

The consequence of which is the fact that the US has the most poor of most developed countries.

See poverty-chart here: OECD Poverty Rate Chart

Uncle Sam is "Number 1" in terms of overall poverty. Congratulations!

(I'm sure that honor is something of which America must be Very Proud ... ! ;>)

The consequence of which is the fact that the US has the most poor of most developed countries.

And is this largely due to our 13% Black population?

 

[Luther]

Cheap shot.

The goal-posts ALWAYS move in politics.

Try harder ... !

yes, especially by you(wink)

 

[Lafayette]

And is this largely due to our 13% Black population?

Why need you ask ... ?

 

[Ringo Stalin]

If in countries where Proper capitalism, people are so beaten up for not wanting to wear masks, imagine what they will do to them if they want to take control of the means of production.?

 

[mrjurrs]

A frank lesson about American political-judgement was just shown in this last presidential election. Nearly half the voters voted for a Mentally Sick Billionaire who thinks the election was manipulated against him and that he need only wait four more years to get reelected.

The most dangerous problem in the US is -and has been for quite some time - its Acute Income Disparity. And we blithely elect millionaires to run the country:

Such is our endemic National Delusion:
*That the acquisition of millions if not billions of dollars by a very tiny percentage of the Total Population is both correct and natural.
*And that distribution of Income is of no real consequence to the well-being of the nation as a whole.

Both of the above are sophomoric attitudes. Both are momentous self-delusions of a country unwilling to consider the dangerous economic-path it has decided to follow ...

The answer to the question posed in the tittle is amply considered and answered in this OECD pdf-document here. It's a very long but interesting read.

PS: Let's not forget. It was Communism that taught us "equality of Income" was NOT the right solution. But we still need to learn that Excessive Accumulation of Wealth is NOT either the best outcome!

During the pandemic, 788 American billionaires added about $1.3 trillion to their net worth.

 

[Dayton3]

Same reason Tom Brady has seven Super Bowl rings while the next most among active starting NFL quarterbacks has only two.

 

[Hamish Howl]

Same reason Tom Brady has seven Super Bowl rings while the next most among active starting NFL quarterbacks has only two.

So, are you rich yet?

 

[Dayton3]

So, are you rich yet?

Rich enough.

 

[Hamish Howl]

Rich enough.

Uh huh.