Economic Inequality is a major issue that is facing the American People today. Economic Inequality is a considerable problem that I would like to explain thoroughly. However, for today I will cater to remaining brief so this issue can be tackled in small steps to avoid confusion in the future.
To start off this discussion, I’d like to highlight the Bernie Sanders campaign for actively fighting against money in politics and making social/economic inequality one of their fundamental issues.
Senator Sanders believes that the wealth of the top 1% and the top 0.1% should be “transferred” downward towards the American people.
“Ninety-nine percent of all new income generated today goes to the top 1 percent. Top one-tenth of 1 percent owns as much as wealth as the bottom 90 percent. Does anybody think that that is the kind of economy this country should have? Do we think it’s moral? So to my mind, if you have seen a massive transfer of wealth from the middle class to the top one-tenth of 1 percent, you know what, we’ve got to transfer that back if we’re going to have a vibrant middle class. And you do that in a lot of ways. Certainly one way is tax policy.”
To aid with this subject, here is a brief video on economic inequality:
Wealth is someone’s combined assets: money, property, cars, stocks, etc. The bottom 90 percent controls less than one fourth of the wealth. The top 0.1 percent controls 21.5 percent, which is over one fifth. The amount controlled by the top 0.1 percent (the top one-tenth of one percent) is the largest it has been in over a century.
Bernie Sanders and his campaign believe that economic inequality is such an enormous issue, they created their own video to explain it and how it’s a problem. I suggest taking a look at it. If a video is informative and reasonable, then it’s okay to use it as a source even if it’s from a politician’s campaign website. The video has a lot of great information and I will most certainly touch on all of the subjects discussed in it for the future.
Here’s Bernie Sanders’ Video:
Hopefully this article served the purpose of arousing you towards the economic injustice in today’s society and will serve as an anchor point for future discussion on economic inequality.
If you would like to take a look at Bernie Sanders and what he stands for, then go to his campaign website.