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Active Debate: Income Gap

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Income Gap

 
Mar 1
2016
Categories
Economics
4
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Unless something is done, the income gap between the rich and poor will continue to grow until we have completely lost the middle class. Federal income data over the past 20 years show a growing divide in income among all age groups. The income gap is directly tied to the wealth gap that is fearfully high in America. People need to make enough to have discretionary income to invest beyond meeting basic needs. Money makes money. Most rich people started out fairly rich already. We need to redistribute the wealth from the super-rich to the poor and disrupt the status quo of the rich getting richer. Doing that and raising the minimum wage is the answer to bringing back the middle class. I think there is an obvious candidate for president who has been preaching this for the past year, and if you don’t know who I am talking about, you need to do some reading. 



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