Liberals have long worried over the effects of income inequality.
Many conservatives are now starting to worry too. After all:
- Low income means people lack money to buy, so:
- Businesses lose sales and profits, so:
- Increased business instability, and:
- Worry over political instability (Peasants with pitchforks)
Solutions include: Read the rest of this entry
Most people would choose a 3000 sq-ft. house over a 4000 sq-ft. home — if that’s the only way that their house could be bigger than everyone else’s.
That may help to explain Donald Trump’s appeal.
Their wages have languished or fallen even as minorities have gained ground — threatening white privilege and dominance, points out Thomas Edsall at the New York Times. Plus, the buying power of the top 10% has kept many goods and services beyond their reach, he adds. Read the rest of this entry
What does half of the US population have in common with the 20 richest people?
They hold the same amount of wealth.
We all know that wealth is unequally distributed in the US. But, the results of a new study by the Institute for Policy Studies, authored by Chuck Collins and Josh Hoxie, are still eye popping. Read the rest of this entry
More than 40% of Republicans have favored Donald Trump for President at some point.
Some despite his sexism and racism. They’re just fed up with establishment politicians who are so busy serving wealthy interests (thanks $ in politics!) that they often ignore their middle-class and working-class voters. I get it!
But others appear to be drawn to his bigotry.
Why is that? Read the rest of this entry