The growing gap between the rich and the poor in the U.S has garnered a lot of public awareness. Robert Reich, through a short film, assists us in understanding how this extreme inequality has its roots I policy and economic changes that started over 30 years ago. According to Robert Reich, the 400 wealthiest Americans own more wealth than 150 million put together, and Robert states that this disparity is a threat to democracy. The movie was vital as it exposed the core issue of the continuing economic challenge. The problem has been prevalent or 30 years, and the inequality gap continues to widen. Clearly, the country is still in a gravitational pull since the Great Depression since a lot of the nation’s wealth, and income goes to the top. The vast middle class lacks the purchasing power to take the economy where it ought to be.
Income inequality has caught America’s economic debate. President Trump was elected by discontented blue-collar employees who hoped that he could restore the middle-class manufacturing jobs. However, his administration is currently facing democratic challenges since his challengers are demanding several federal initiatives, which include tax hikes on the affluent, an increased minimum wage, and reshuffling balance of power between labour and business. This debate regarding the rising gap between the poor and the rich as sparked unrest in the world, including the Brexit crisis and going all the way to India’s elections. There has been a sharp reduction in poverty around the globe. However, this has not reduced the sense of loss among the working class and middle-class citizens of countries that are advanced economically.
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