Income Inequality: Difference between revisions
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Following the Inequality Policy Brief, here are six ways to minimize the rising economic inequality prevalent in the United States. Haas Institute Director john a. powell discusses why these policies will work in slowing the growth in inequality. | Following the Inequality Policy Brief, here are six ways to minimize the rising economic inequality prevalent in the United States. Haas Institute Director john a. powell discusses why these policies will work in slowing the growth in inequality. | ||
Almost three years to the date since Occupy Wall Street first raised the consciousness of Americans about the wide economic disparities between the richest one percent versus the 99 percent of U.S. earners, new Federal Reserve data confirms that wealth and income inequality in the U.S. is accelerating. | Almost three years to the date since Occupy Wall Street first raised the consciousness of Americans about the wide economic disparities between the richest one percent versus the 99 percent of U.S. earners, new Federal Reserve data confirms that wealth and income inequality in the U.S. is accelerating. | ||
=====Government Policies to Reduce Income Inequality===== | |||
[https://courses.lumenlearning.com/suny-oldwestbury-publicfinanceandpublicpolicy/chapter/government-policies-to-reduce-income-inequality/ by lumen] | |||
No society should expect or desire complete equality of income at a given point in time, for a number of reasons. First, most workers receive relatively low earnings in their first few jobs, higher earnings as they reach middle age, and then lower earnings after retirement. Thus, a society with people of varying ages will have a certain amount of income inequality. Second, people’s preferences and desires differ. Some are willing to work long hours to have income for large houses, fast cars and computers, luxury vacations, and the ability to support children and grandchildren. | |||
