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.
Sentiment: NEGATIVE
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.
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.
The biggest single challenge to America and our future is income inequality. We've got to fix it.
The extent of and continuing increase in inequality in the United States greatly concern me.
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.
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.
The problem is that the U.S. government is the biggest debtor in the world, and those depending on it to take care of them will only become poorer.
Capitalism has shortfalls. It doesn't necessarily take care of the poor, and it underfunds innovation, so we have to offset that.
I fall into the camp that income inequality is the biggest problem we face.
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.
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