Inequality is a series of policy choices

This chart, via Drum, can be a little confusing to see the relative income inequality, but the key is to notice the growth of the 1% in America versus the growth of the 1% in Europe.  Income inequality has grown in Europe, too, but dramatically less than in the United States.  Why?  A series of policy choices.  It simply does not have to be this way, but, rather, this is what we have chosen through our political system.

Advertisements
%d bloggers like this: