Public Knows Income Inequality Hurts The U.S. Economy

The Republicans still cling to their failed "trickle-down" economic policy -- even though it has resulted in a huge wealth and income gap in the United States (since nothing actually trickled down from the rich, but just went into their bank accounts). That gap has now grown wider than at any time since before the Great Depression -- and has already spurred a terrible recession (and unless changed might bring on another one that's even worse).

But while the Republicans see nothing wrong with that huge income gap, and in fact, want to continue the policy that created it and is making it worse with each passing month -- the American people have come to their senses. They know now that the Republican economic policy has helped no one but the rich -- and they know the huge income inequality gap is a problem for the economy.

The chart above illustrates that. It is from a Tarrance Group / Lake Research Partners Poll done between March 16th and 20th of 1,000 nationwide registered & likely voters, with a margin of error of 3.1 points. It shows that 79% of the population considers the income gap to be a problem -- and about half (49%) think it is a big problem.

And that's not all. That same survey shows that a huge majority of Americans (64%) think the economic rules in this country favor the rich over everyone else. And a clear majority thinks it is the government's place to do something to reduce that huge gap between the rich and the rest of America, and fix the economy so that all Americans will have the opportunity to better themselves instead of everything going to the rich.