Friday, November 28, 2014

Economic Inequality is Incompatible with American Values

In a capitalist economy, money is power. This is why economic inequality poses a grave danger to American ideals: democracy, freedom, and equal rights. Over the last 35 years, economic inequality has already eroded our society. The federal minimum wage is $7.25, which is 24% less than 1978, adjusting for inflation. Yet the price of a Big Mac, for example, is 76% more than 1978, again adjusting for inflation. Someone's making more money and it's not you.

No comments: