It’s a choice between nativism, civic unrest and continued decline, or the hard but necessary work of restoring the social contract, repairing the social safety net and breathing new life into the american dream.
How the american dream turned into greed and inequality the united states and the uk have outpaced others but we also know that the same neoliberal policies have failed at redistributing resources and opportunity the reality is that both wealth and income inequality are closely linked richer parents can afford to send their children.
The report found that america’s wealth inequality is even more gaping its income inequality in fact, the report dubbed the us the “unequal states of america” due to the size of the gap. The average american believes that the richest fifth own 59% of the wealth and that the bottom 40% own 9% the reality is strikingly different the top 20% of us households own more than 84% of the wealth, and the bottom 40% combine for a paltry 03% the walton family, for example, has more wealth than 42% of american families combined. The growing debate about inequality in america today is, above all, about the nature of our society, our vision of who we are, and others’ vision of us we used to think of ourselves as a middle-class society, where each generation was better off than the last.
T he united states has a long-held reputation for exceptional tolerance of income inequality, explained by its high levels of social mobility this combination underpins the american dream.
In inequality for all—a 2013 documentary with robert reich in which he argued that income inequality is the defining issue for the united states—reich states that 95% of economic gains went to the top 1% net worth since 2009 when the recovery allegedly started.