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I'm arguing that inequality at the moment is obscene. Here[1][2][3][4] are some sources backing up my claim. Basically, inequality is massive and accelerating.

I'm arguing that inequality at the moment is obscene. Here[1][2][3][4] are some sources backing up my claim. Basically, inequality is massive and accelerating. It's hurting the lower and middle classes to the point that small business creation is slowing down a lot[5]. Seeing how a lot of people are employed in small businesses(49% of private sector workforce[6]), it's acting as a real drag on our economy, keeping wages down and making inequality even higher. [1] http://inequality.org/wealth-inequality/ http://inequality.org/wealth-inequality/ [2] https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite... [3] https://www.washingtonpost.com/news/wonk/wp/2015/05/21/the-top-10-of-americans-own-76-of-the-stuff-and-its-dragging-our-economy-down/ https://www.washingtonpost.com/news/wonk/wp/2015/05/21/the-t... [4] http://fortune.com/2015/09/30/america-wealth-inequality/ http://fortune.com/2015/09/30/america-wealth-inequality/ [5] http://money.cnn.com/2016/09/08/news/economy/us-startups-near-40-year-low/ http://money.cnn.com/2016/09/08/news/economy/us-startups-nea... [6] http://www.inc.com/jared-hecht/are-small-businesses-really-the-backbone-of-the-economy.html http://www.inc.com/jared-hecht/are-small-businesses-really-t...

socmag 10y ago
There is no doubt that there is inequality and that inequality is accelerating, especially in the US and West. What's the global picture look like? I mean we do want our fellow humans to do well too, right? Maybe not spending so many $$$ on things that go boom might be a good start and instead bomb places with broadband connections, social media, las-vegas strip clubs and NetFlix. At least that would generate US jobs and still be educational and to all our benefits to some degree.

socmag 10y ago

There is no doubt that there is inequality and that inequality is accelerating, especially in the US and West. What's the global picture look like? I mean we do want our fellow humans to do well too, right? Maybe not spending so many $$$ on things that go boom might be a good start and instead bomb places with broadband connections, social media, las-vegas strip clubs and NetFlix. At least that would generate US jobs and still be educational and to all our benefits to some degree.