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0 pointsTheAdamAndChe9y ago0 comments

I'm arguing that inequality at the moment is obscene. Here[1][2][3][4] are some sources backing up my claim.

Basically, inequality is massive and accelerating. It's hurting the lower and middle classes to the point that small business creation is slowing down a lot[5]. Seeing how a lot of people are employed in small businesses(49% of private sector workforce[6]), it's acting as a real drag on our economy, keeping wages down and making inequality even higher.

[1] http://inequality.org/wealth-inequality/ [2] https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite... [3] https://www.washingtonpost.com/news/wonk/wp/2015/05/21/the-t... [4] http://fortune.com/2015/09/30/america-wealth-inequality/ [5] http://money.cnn.com/2016/09/08/news/economy/us-startups-nea... [6] http://www.inc.com/jared-hecht/are-small-businesses-really-t...

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socmag9y ago

There is no doubt that there is inequality and that inequality is accelerating, especially in the US and West.

What's the global picture look like? I mean we do want our fellow humans to do well too, right?

Maybe not spending so many $$$ on things that go boom might be a good start and instead bomb places with broadband connections, social media, las-vegas strip clubs and NetFlix.

At least that would generate US jobs and still be educational and to all our benefits to some degree.

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