Monday, February 26, 2018

Inequality Ain't Fair.

       Hey guys, do you really understand inequality? An article in the BBC suggests you really don't. Just take a look at the difference between rich income and poor income. Upper income families earn 7 times what the medium-income families earn, and they call a medium -income family as one with $96,500 a year. I can tell you this much, I'm definitely not in a medium income family.
       But income doesn't tell the difference between rich and the rest of us. The top 0.1% own 22% of all wealth. The wealthiest 5% of households own 91times as much as the medium households. And the new tax law will increase that imbalance. The bottom 20% in American will get about $40 extra, but the top 20% can count on $5420. And the richest 0.1% will make $61,920. In other words for every dollar you get the 0.1% get $1548. Which would you rather have?
       Inequality is a fact of nature. There has always been and will always be inequality. Just not so much. This country can't continue down this path.  By 2025 that 0.1% will get $152,200 while we still get $40. Does that seem fair to you? That's the reason for the "Tax the rich" grumbling. It's the only way to stop the imbalance.
       The rich do not share their wealth with us. They never will unless they are required to. Why should they? They're comfortable, if you're not, its your fault.  But not necessarily. They may be smarter than you, or they parents were. That doesn't make them more deserving. At least not that much more deserving.  

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