Nicholas Kristof in the New York Times Equality, a True Soul Food
He is summarizing a British report on the societal effects of wealth inequality.
Currently in America “the wealthiest 1 percent of Americans possess a greater collective net worth than the bottom 90 percent.” I do not understand why everyone, except the 1%, is not shocked and up in arms over this fact. But that is me.
The basic premise of the study, backed up by tons of data is this. With great wealth inequality you create a wide variety of personal and social stressors. There are increases in crime, Continue reading “Wealth Inequality = Social Problems”