IncomeInequality @IncomeNotEqual

"The family income gap between blacks and whites today remains at almost exactly the level it was in the 1960s—just one of many indicators of the remarkably little progress toward racial convergence in family income. " equitablegrowth.org/how-rising-u-s…

"NYU economist Edward Wolff has found that, while the highest-earning fifth of U.S. families earned 59.1% of all income, the richest fifth held 88.9% of all wealth." - Drew DeSilver

Since 1959, the amount of single-parent families have increased in correlation to the increase of spending on welfare programs. These programs reduce an individual's incentive to support themselves since they will receive gov. aid if they stay below a certain income level.

The systems introduced in the 1960's are shown to have no lasting effect on the poverty rate. Yet, lawmakers continue to increase spending on these programs.

"An imbalance between rich and poor is the oldest and most fatal ailment of all republics." ~ Plutarch Republics fall when a social, economic, or political imbalance occur, which leads way for a tyrannical regimen to seize power. (Rome, Germany, Russia... who's next?)

What is an ethical model for economic redistribution you all think will begin to resolve economic inequality?

“Now the problem isn’t only unemployment. Do you know that most of the poor people in our country are working everyday? They are making wages so low that they can not begin to function in the mainstream of the economic life of our nation.” - Dr. Martin Luther King Jr.

During the 1970s, the deindustrialization in the nation allowed the African Americans to become the prime victims of income inequality.

During the 1960s, the most unequal states in regards to income were Mississippi, South Carolina, Arkansas, Alabama, and North Carolina.

Wealthiest started to get increase in capital at about 9% from 1976 and by 2012, they started earning in an increase of capital at about 24%. Posted by Gerson Perez.

Richest vs. Poor Increase in capital for the wealth in such an extreme number and decrease in capital for the poor

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Video explaining important events and passage of laws that took place between 1960-1990s in order for America to become a global economy. youtu.be/dJYWDZa8cr4

Interesting pattern I haven't seen before: metro size and income inequality weren't correlated until very recently. from newyorkfed.org/medialibrary/m…

John F. Kennedy died on this day 56 years ago, on a Friday and in fact around 12:30pm -12:33pm

Amazon made $11,200,000,000 in profits last year. Its federal income tax bill: ZERO. It is simply not true that we cannot afford to invest in housing or health care or education. We will make massive corporations finally pay their fair share.

Income Distribution in the USA’s major cities during 1970-2015.

President Richard M. Nixon's Economic Policies By Gerson Perez thebalance.com/president-rich…

LBJ Declares War on Poverty youtu.be/f3AuStymweQ via @YouTube Lyndon Baines Johnson states that the income that Americans generally receive in the United States were unsatisfactorily low. “1/5 of American Families with incomes too small to even meet their basic needs”.

President John Fitzgerald Kennedy on his State of the Union Address stating his goals to decrease unemployment and how income inequality is negatively impacting farmers by 25%. By Gerson Perez. TNC:201 (excerpt) JFK on the Economy youtu.be/x5l0eQdZrWw via @YouTube

President John Fitzgerald Kennedy in a News Conference acknowledging that he hasn't done enough with regards to equal pay for Women and African Americans in the United States. The wit of JFK youtu.be/BRcTCUTXr5M via @YouTube by Gerson Perez posted on November 8, 2019,