Income Gap Widening Even More
Yes, the rich people are getting richer, and the income gap here in the US, as if it wasn’t bad enough a couple years ago with the descrepancy between rich family income and poor family income, has widened even more according to reports by the IRS, the Internal Revenue Service, the agency which has all of our tax information and collects and distributes tax money every year.
The numbers are actually quite disheartening, with almost 25% of all money in the US (this is just a basic estimate to illustrate the wide gap that this makes) going to a little over 1% of the US population. I’d say that leaves a lot of room for improvement in the distribution of wealth here in the US, to say the least, and in fact this is a very disturbing fact to me, as it always has been.
There is really no direct correlation between why this gap has been widening over the past few years, which hasn’t been this wide since an estimated time frame of the 1920’s (probably the industrial revolution had something to do with that discrepancy), but speculation is that possibly the stock market may have played a part in this widening gap.
I’m wondering though, since the stock market has supposedly been pretty flat and scary for the past few years after 9/11, how this correlation is made, but hey, that’s why they pay these genius economists big bucks and I’m in the dark!
