The Social Costs of Income Inequality

Income inequality has remained a consistent part of recent public debate, manifesting in the problems surrounding wage stagnation and a trapped lower class of America’s “growing” economy. Despite historic job-growth numbers during Barack Obama’s presidency, critics correctly cited a lack of wage growth for bottom line workers. Senator Bernie Sanders (I-VT) thrust the issue to the forefront during the 2016 presidential campaign. While the issue garnered a high level of attention, few practical proposals have been offered to combat the problem. Stagnating wages for the bottom half of America’s economy,…

This is what oligarchy looks like

“This is what oligarchy looks like: Today, the top one-tenth of 1 percent owns almost as much wealth as the bottom 90 percent. The top one-hundredth of 1 percent makes more than 40 percent of all campaign contributions. The billionaire class owns the political system and reaps the benefits from it.”                                                                         – Sen. Bernie…