Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Income Inequality is natural in a capitalist system where are there are natural levels of difference in income from the bottom to the top. Having the majority of the wealth in this country tied up in the hands of the top .5% is not.
During the Soviet Era, when we had a vibrant middle class, we used to use propaganda against them about the wealth inequality in their country but now it seems its A-OK in our country.
Coincidentally, inequality has decreased in Russia, but has increased in ours. There isn't much that can really be done though. We are one of the few countries that import people from poverty level countries without requiring them to have some level of skill or education. When technology eliminates a job the companies employing that tech & the developer will benefit; the people displaced will have to fight for the scraps.
Oh yeah, while the USA is capitalistic, the USA is also an oligarchy, so having most of the wealth in the hands of a few is perfectly natural.
That is the way it should work, but instead these business would run to the government for their solutions in the form of foreign economic trade agreements where they can take advantage of cheaper labor in other countries.
Protectionism isn't the answer, as it only serves to increase costs. Reducing the non-wage and non-private benefit costs of American labor is the way to go.
Taxes and such for hiring employees, mandatory Obamacare coverage, unions, draconian labor laws, etc.
While FICA taxes, unemployment taxes, Obamacare, and the like could be considered benefits, I was referring to private benefits/those benefits that employers use to compete (which, yes, does include health insurance - so I phrased that somewhat incorrectly).
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
