Par4QC The biggest problem in the U.S. today is.....
$1,400 stimulus checks, $3,600 child tax credit and $300 unemployment check bonuses til Sep..
Prove me wrong! ๐คจ
No, the biggest problem is still wealth inequality. Plutocrat Nick Hanover can explain better that I can. Since Reagan there's been a redistribution of wealth to the top incomes thru regressive tax policy i.e. supply side / trickle down economics.
Also, from right after WWII until the mid 70's wages rose equally with productivity and inflation. With wages not keeping up along with tax policy the wealth gap has widened greatly. And here we are.
A job is created because there's a demand for a product or service, not because a rich person gets a tax cut. Demand side economics is what's needed. Put the money in the hands of the masses instead of a few at the top.. In a nutshell on a smaller scale and temporary that's what the stimulus money is doing (money in the hands of the masses).
But what's really needed is for wages to catch back up after falling behind for 45 years.
Now, there's a whole host of issues like globalization etc., but again what's needed are immediate wage increases for workers. And not a small one. lol
""Nick Hanauer is a rich guy, an unrepentant capitalist โ and he has something to say to his fellow plutocrats: Wake up! Growing inequality is about to push our societies into conditions resembling pre-revolutionary France. Hear his argument about why a dramatic increase in minimum wage could grow the middle class, deliver economic prosperity ... and prevent a revolution.""
https://www.cnbc.com/2019/01/24/nick-hanauer-says-wealth-inequality-is-moral-failure-in-oxfam-report.html
""Super-rich early Amazon investor: Wealth gap crisis is the โdirect resultโ of โmoral failure""
https://time.com/5888024/50-trillion-income-inequality-america/
""The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%โAnd That's Made the U.S. Less Secure""