Inequality has risen to the point that it seems to me worthwhile for the U.S. to seriously consider taking the risk of making our economy more rewarding for more of the people.
Sentiment: POSITIVE
The extent of and continuing increase in inequality in the United States greatly concern me.
Inequality saps the economy by draining the buying power of Americans whose incomes have stagnated, forcing them to rely on debt to fund education, housing, and health care.
Massive inequality, we have learned, isn't the best way to run an economy after all. And when you think about it, it's also profoundly ugly.
I fall into the camp that income inequality is the biggest problem we face.
Persistent inequality costs the U.S. hundreds of billions of dollars a year, undermining our global competitiveness, our democracy, and our ideals as a nation.
Inequality makes everyone unhappy, the poor most of all, and that is well within the remit of the state. More money gives less extra happiness the richer we get, yet we are addicted to earning and spending more every year.
We will be returning to historical levels of inequality. We'll view post-war America as a kind of strange interlude not to be repeated. It won't be the dreams that we all had that virtually all incomes go up in lockstep at three percent a year. It hurts to give that up.
Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves.
Inequality is on the rise.
Democrats like Hillary Clinton and Bernie Sanders want to raise taxes on the rich, saying it will solve inequality. It won't. All that will do is significantly reduce incentives to work, save, and invest. But I say inequality is not the problem. The problem is a lack of growth.
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