Income Inequality: Difference between revisions
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[https://siepr.stanford.edu/publications/policy-brief/policy-cocktails-attacking-roots-persistent-inequality by Matthew O. Jackson 3/21 Stanford] | [https://siepr.stanford.edu/publications/policy-brief/policy-cocktails-attacking-roots-persistent-inequality by Matthew O. Jackson 3/21 Stanford] | ||
As inequality in the U.S. has risen to levels that characterized the Great Depression and the Gilded Age, discussion has grown around a variety of policies that tax and redistribute wealth and income. However, overcoming recurring waves of economic inequality requires more than safety nets and spreading money around. | As inequality in the U.S. has risen to levels that characterized the Great Depression and the Gilded Age, discussion has grown around a variety of policies that tax and redistribute wealth and income. However, overcoming recurring waves of economic inequality requires more than safety nets and spreading money around. | ||
=====Income Inequality===== | |||
[https://inequality.org/facts/income-inequality/ by INEQUALITY] | |||
Over the past four decades, the richest 1 percent of Americans have enjoyed by far the fastest income growth. The most rapid increase has occurred at the tippy top of the economic ladder. Between 1979 and 2021, the average income of the richest 0.01 percent of households, a group that today represents just over 12,000 households, grew nearly 27 times as fast as the income of the bottom 20 percent of earners. These Congressional Budget Office figures include income from labor and investments, and do not account for taxes or means-tested public assistance, such as food stamps or Medicaid. | |||
