From your link:Based on real studies, only the top .01% have much income over the other 99.09% . It is a left wing mantra used to keep the left wing in power. According to A BLS Graph the inequality ranges from 6 million to 31 million, major inequality. From .1% to the next lower group of 1% the difference is approximately $5 million. The next group down or the bottom 99% is from 0 to $350K. When we look at the quintile graph it reflects the same thing.How does it tell you that? Can you connect the dots? How does someone having lots of money make someone else poorer? Are you rejecting the idea that wealth is created?When comparing the bottom 4 quintiles, which range between $11,200 to $178K, one can readily see the top 80% reflect nothing more or less than the relative achievement of our labor force and the major inequality of income occurs broadly between $178K and up.![]()
If you choose to debate those assertions you should first read Don't blame the 1% for America's pay gap - The Term Sheet: Fortune's deals blogTerm Sheet which discusses what the reason there is a disparity between the bottom quintile and the 3rd or 4th quintile.
As I said earlier, it is only the left wing power rant that these relative inequality of income is not at the lower pay levels, but rather between the top level and the 3d or 4th quintile.
"Scholars are also taking note of social issues underlying America's income divide. In his new book, Coming Apart, conservative social scientist Charles Murray documents far higher divorce rates and more children living with one parent in working-class communities.
"That's a trend that has also caught the attention of liberals like Harvard's Robert Putnam, who describes 'gaps that didn't exist decades ago but are widening at an alarming rate today' and are reinforced as wealthy parents spend far more time with their children."
Those working class communities have been decimated over the past two generations by jails not jobs policies that currently result in more black males under thirty-five without a HS diploma existing in prison instead of the labor force.
When comparing the economic stratification among the bottom 80%, we need to factor in the socio-economic consequences of creating the world's largest prison population in the Land of the Free.
Yet, in spite of some trends being observed it is obvious that the articles do not believe it is the 1% who are causing the trend, which is the cry of the left wing extremists, ie THE RICH ARE THE CAUSE OF INCOME INEQUALITY. They are not. We didn't create the worlds largest prison population, criminals who made bad choices are responsible for their own actions.
It helps when you respond to an assertion that you answer my orange with an orange, not an apple. Sure, those guys are concerned as to why the .01% have such an unequal income as compared to the .1% or the 1%.
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