The bottom 50% of Americans have 2.6% of the nation’s wealth. Wealth inequality does create plutocracy, yet few realize. Capital increases much faster than labor wages. Of course Biden did absolutely nothing about it. What does matter though is that the poorest 10% just haven’t got much of a way to escape poverty, and that should be easy to solve. Most Americans just say to ‘get a job’, without comprehending what the challenges are. Keeping illegal aliens out should create a few more jobs at labor ready when the supply of under the table labor dries up.of
Regardless of the distribution of wealth inequality it should be a national priority to relieve the most poor 10% of the population from dire poverty. There will always be those that cannot get hired to a decent job for myriad reasons; ugly, uneducated, ex-felon, persecuted, old, sickly etc. It is cruel in the rich modern economy where the median income of the bottom 50% is $51,000 per household to not relieve the most poor. Fifty thousand is itself a different social class than those living on fewer than annually $10,000.
It should be made impossible for any American to have less than $10,000 annually to live on. If the most poor were relieved the nation would be a more decent society with the most cruel and even sadistic aspects of capitalism expunged. Palaver about redistribution and communism for tax increases on the rich could be allowed to fade. If the majority don't mind having just 2.6% of the wealth that would be their concern. The most poor just never appear on the political radar screen of anyone in politics.
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