Four Claims About Income Inequality Answered

Income inequality has become a hot button issue in this last decade. Concerns range from the idea that it will destroy civilization to simply “It just isn’t fair!”

Well, this episode will present four common claims about how income inequality is “unfair” and answer them”

  1. The rich are getting richer and the poor are staying poor.
  2. The United States is the worst offender for income inequality.
  3. The poor and middle class are being cheated out of much of the wealth their labor creates.
  4. Economic growth that fuels income inequality leaves the poor behind.

 

Sources Cited:

US Census Bureau, “Income and Poverty in the United States: 2019

Phil Gramm and John F. Early, Wall Street Journal, “The Myth of American Inequality

Nat Levy, Geekwire, “Walmart posts $514B in revenue for the year, plans to double down on grocery pickup and delivery

MacroTrends, “Walmart Net Income 2006-2020 | WMT

Walmart, “Company Facts

Kim Souza, Talk Business & Politics, “Walmart’s top five executives earned $68.73 million last year

The Financial Express, “Growth fuels income inequality in Bangladesh

Manuel Hinds, Quartz, “Inequality can be a good thing

 

Scriptures Cited:

Exodus 20:15,17

Jeremiah 22:13,17


Like what you hear? Donate to Truthspresso and give a shot of support!