US income inequality continues to grow

[Benton]

(07-24-2018, 08:28 PM)Beaker Wrote: I dont disagree that the system is ponderous and slow to change. But you have to start somewhere. What better place than working to better your own situation? Obstacles are there to be overcome.

I’d argue it’s largely irrelevant as people have changed and the companies with influence over the economy reacted.

Wages were high, job growth was good for decades. Businesses didn’t like the high taxes, so they used their influence to reduce their tax burden and shift it to workers. Then you had a recession and consumers started spending less, so businesses have responded by reducing their tax liability more at state and federal levels.