Ancient Mayan collapse reveals why America needs UBI (Thor Benson, Inverse, March, 2021) (original) (raw)

Overstating the Costs of Inequality

2013

In recent years, inequality has become the core economic concern of the American left. The gap between the haves and have-nots is understood to be the fatal flaw of our economic system — a fundamental problem that is the source of countless other difficulties. To hear many liberals tell it, increasing inequality is holding back growth, crushing the prospects of the poor and middle class, and even undermining American democracy. Such concerns are prominent in President Obama's rhetoric, and seem also to drive key parts of his policy agenda — especially the relentless pursuit of higher taxes on the wealthy. As the president put it in his second inaugural address in January, he believes "that our country cannot succeed when a shrinking few do very well and a growing many barely make it."

The Great Gatsby: Income Inequality in the United States of America

American Journal of Social Issues and Humanities, 2013

This paper discusses the most striking recent research claims indicating that growing income inequality is seriously hurting the U.S. economy; challenging a long-standing consensus that inequality is the price America pays for a dynamic, efficient economy. The Gini Coefficient, an indicator of income inequality, suggests that by the year 2021, the U.S. is on track to reach as much income inequality as Mexico experienced in 2000. There are growing indications that it is virtually impossible for people at the bottom of the pyramid to propel themselves out of poverty. The data suggests the U.S. is becoming more of a caste-like society in which individuals that are born poor will likely remain poor, while individuals born wealthy will very likely remain so.

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