07-23-2018, 02:21 PM
(07-23-2018, 02:09 PM)Millhouse Wrote: Here is an interesting take on what could be the main reason for income inequality, as it hasn't been mentioned yet in here. It centers around the Federal Reserve.
https://www.thestreet.com/story/13743381/1/what-s-really-causing-income-inequality-federal-reserve-policies.html#2
There is no doubt to me that things like that play a role. The issue is that there are so many things that cause, exacerbate, and perpetuate the problem at play that there is no way to nail down one thing that will help. Inflation has been outpacing wages. Is that because of aggressive inflation raising policies or is it because of stagnant wages? Well, the answer is a bit of both. So how do we fix it and find the right balance?
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
