Post originally appeared at WalkerViewPoints on 12/26/17. How do you feel when you walk through the Business Class section of the airplane on your way to crowded and uncomfortable coach seating, while privileged customers are sipping their free champagne? Do you wonder for a moment how their wealth was obtained, whether every one of them gained it fairly, without privilege of birth? I venture to … Continue reading Americans Do Care About Inequality!
I spent most of my life avoiding politics, happily focusing on my family and my career…
Donald Trump understood the justified anger of Americans living hand to mouth, paycheck to paycheck. But now he has the obligation to do something about it. He also has the opportunity to create a great legacy.
Will the voters stubbornly cling to their champion, who will undoubted tweet a litany of excuses and fictitious obstacles, others to blame?
The United States has the highest level of income inequality in the developed world. Economists think our wealth inequality is even greater. It is inherently unfair, even immoral, for me and many others to live in opulence while millions of Americans struggle just to get enough to eat.
First, do we acknowledge that inequality has risen to an extreme level? If yes, is there acknowledgment that this is a big problem, if it is not moderated?
Furthermore, we allowed the strengthening of these neoliberal economic policies while globalization and technological advances accelerated the advance of inequality–in wages and in wealth. So now we have inequality which has risen to peak levels, and in the US it is worse than in any other developed country.
Tax cuts reduce government services which hurt workers more than the wealthy. This is a form of reverse redistribution–gains for the wealthy, net losses for the working class.