Bernie Sanders: The rich-poor gap in America is obscene. So let's fix it - here's how
Mon 29 Mar 2021
Excerpts:
If income inequality had not skyrocketed over the past four decades and had simply stayed static, the average worker in America would be earning $42,000 more in income each year. Instead, as corporate chief executives now make over 300 times more than their average employees, the average American worker now earns $32 a week less than he or she did 48 years ago – after adjusting for inflation. In other words, despite huge increases in technology and productivity, ordinary workers are actually losing ground.
Addressing income and wealth and inequality will not be easy, because we will be taking on some of the most powerful and well-financed entities in the country, including Wall Street, the health insurance industry, the drug companies, the fossil fuel industry and the military-industrial-complex. But it must be done. Here is some of what Congress and the president can do in the very near future.
We must raise the minimum wage from the current starvation wage of $7.25 an hour to a living wage of at least $15 an hour. A job should lift workers out of poverty, not keep them in it. We need to make it easier, not harder, for workers to join unions. The massive increase in wealth and income inequality can be directly linked to the decline in union membership in America. And yes. We need to make the wealthiest people and most profitable corporations in America start paying their fair share of taxes.
Growing income and wealth inequality is not just an economic issue. It touches the very foundation of American democracy. If the very rich become much richer while millions of working people see their standard of living continue to decline, faith in government and our democratic institutions will wither and support for authoritarianism will increase. We cannot let that happen.
https://www.theguardian.com/commentisfree/2021/mar/29/rich-poor-gap-wealth-inequality-bernie-sanders
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