PeanutGallery
Platinum Member
- Jan 22, 2022
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Income inequality is a national issue. Each state has its own issues. However, you're trying to deflect as to the situation in Cali. You have to explain why it's the worst in California. Worse than Illinois. Worse than Massachusetts. Worse than New York. THAT has to be caused by issues that California has that other states don't have to deal with.Maybe because inequality isn't a state but national issue?
I know it's hard, but THINK
- National Inequality: Economic inequality has surged to historic highs, with the top 1% accumulating 1,000 times more wealth than the bottom 20% over the last three decades. In 2022, the top 10% of households owned roughly 70% of the nation’s wealth.
Regional Disparities:
Recent studies show that inequality is accelerating in different ways across the U.S.:
- Coastal states have seen tech wealth boom, raising income, but often increasing the cost of living and widening the gap between high- and low-income earners.
- The South and Northeastern cities often face higher levels of inequality, while the Upper Midwest has shown more relatively equal distribution, though many industrial cities in that region have seen declining economic standing.
Causes for Continued Disparity:
- Failure of Pay to Keep Pace: Typical worker pay has not kept up with economy-wide productivity growth.
- Asset Ownership: The wealth gap is driven by unequal ownership of key assets, such as stocks and real estate.
- Policy Focus: While safety nets exist, many argue that systemic changes in tax policy and economic structure are needed to reverse these trends.
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Inequality is slowing U.S. economic growth: Faster wage growth for low- and middle-wage workers is the solution
What this report finds: Income inequality in the United States is suppressing growth in aggregate demand (spending by households, businesses, and governments) by shifting an ever larger share of income to rich households that save rather than spend. This rise in inequality has been...www.epi.org
Libs are in fact tarded.