Add to Technorati Favorites Ideal Advice: The Self-Help Search for Truth and Balance: Income-Inequality Gap Widens

Sunday, October 14, 2007

Income-Inequality Gap Widens

The gap between rich and poor is growing.
• Widening Gap: The wealthiest Americans' share of national income has hit a postwar record, surpassing the highs reached in the 1990s bull market, and highlighting the divergence of economic fortunes blamed for fueling anxiety among American workers.
• Behind the Numbers: Scholars attribute rising inequality to several factors, including technological change that favors those with more skills, and globalization and advances in communications that enlarge the rewards available to "superstar" performers whether in business, sports or entertainment.

Changing the tax structure to improve this situation is not enough. Pay attention to this as the Democrats discuss it in the coming election.

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