Current Policies are Making Income Inequality Worse!

Some of the proposed solutions to reducing income inequality such as: raising the minimum wage, increasing income transfer programs like welfare and food stamps, and raising the tax rates on the highest income earners actually make income inequality worse not better.  For the past five years, the federal government has raised taxes on the top 1% and increased spending on social programs, yet income inequality has worsened. To see the explanation for this, click here.

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One thought on “Current Policies are Making Income Inequality Worse!

  1. This argument is in conflict with loads of empirical research at the national and state level that find support for Power Resource Theory. This research shows that countries and states with stronger leftist political parties, stronger social welfare programs, and stronger labor unions have lower levels of economic inequality than countries and states with weaker leftist parties, social welfare programs, and labor unions.

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