It Time To Address The Growing Economic Inequality In U.S.

 The chart above is from Time magazine. It shows the growing inequality in wealth and income in the United States. In 1975, the top 1% had 9% of the country's income, while the bottom 90% had 67% of income. But then the GOP instituted their "trickle-down" economic policies which favored the rich.

Now the top 1% has 22% of the nation's income, while the bottom 90% has only 50% -- and the shift in income continues to grow because the GOP policies remain in place. This shift in income since 1975 amounts to over $50 trillion dollars! That means the rich have taken $50 trillion since 1975 that should have gone to the bottom 90%!

This must change, and that change needs to happen now! If it doesn't, we will quickly become a nation of "haves" and "have-nots" with a disappearing middle class.

We should start by raising the minimum wage, making it easier for workers to organize, and taxing the rich (and corporations) more.

The right-wingers will whine that this is "income redistribution". But the ignore that the $50 trillion was also income redistribution -- from the bottom 90% to the top 1%. Income is always be redistributed in a capitalist economy. It is time that the redistribution be reversed, so all citizens can share in the nation's wealth and income -- not just the rich.