I realize that some Rightwingers are so childish that they can't even admit that the massive inequality gap even exists, but it is equally troubling when they don't think it is a problem that 1% of the top earners own 40% of the nation's wealth.
Has this changed? I want to know. I know republicans have trouble with inconvenient facts but at some point they have to see the light. This economic issue is far worse than any government regulation ever conceived in this country.
News flash: economists warn that this problem alone will inevitably lead to more economic crises. Why? Because this is a consumption based economy. If more and more money is being concentrated at the top and the middle class is shrinking, the economy becomes destabilized because of the drop in consumer spending.
Of course republicans refuse to do anything about this problem. They are of course against any gov intervention on the economy despite the fact that is the ONLY way to fix the problem. They can't even agree to raise the federal minimum wage. Do you really think any wage under $10 is a liveable wage? It's waaayyy behind on inflation too. Not only would raising the min wage to 10 do very little to kill jobs or increase prices, but it would lift 16 million people out of poverty. The increase in demand from the higher wages would also create jobs. Government dependence would also lessen. Productivity in the lower classes has gone up 100% yet wages have only gone up 8%. Obviously that's a problem.
Republicans need to get out the way. Maybe they have the simple minded Fox News audience fooled, but the rest of us want these problems fixed.
Has this changed? I want to know. I know republicans have trouble with inconvenient facts but at some point they have to see the light. This economic issue is far worse than any government regulation ever conceived in this country.
News flash: economists warn that this problem alone will inevitably lead to more economic crises. Why? Because this is a consumption based economy. If more and more money is being concentrated at the top and the middle class is shrinking, the economy becomes destabilized because of the drop in consumer spending.
Of course republicans refuse to do anything about this problem. They are of course against any gov intervention on the economy despite the fact that is the ONLY way to fix the problem. They can't even agree to raise the federal minimum wage. Do you really think any wage under $10 is a liveable wage? It's waaayyy behind on inflation too. Not only would raising the min wage to 10 do very little to kill jobs or increase prices, but it would lift 16 million people out of poverty. The increase in demand from the higher wages would also create jobs. Government dependence would also lessen. Productivity in the lower classes has gone up 100% yet wages have only gone up 8%. Obviously that's a problem.
Republicans need to get out the way. Maybe they have the simple minded Fox News audience fooled, but the rest of us want these problems fixed.
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