[ View the story "Narrowing the wealth gap" on Storify] Narrowing the wealth gap How can the US reverse a trend of growing income inequality?
The Stream· Tue, Mar 26 2013 10:52:55
Earlier this month, the YouTube video "Wealth Inequality in America" went viral:
Wealth Inequality, viral.AJstream
The video, made by YouTube user
, visualised a 2011 study that found US citizens' perceptions about wealth inequality were more optimistic than actual figures.
Wealth Inequality in Americapolitizane
Many Twitter users were shocked by the numbers presented in the video:
The wealth inequality in America is horrifying. I'm so surprised. #FixItCasey Child
There are only five other countries in the world that have a higher level of wealth inequality than the United States. #OWSBernie Sanders
argue that wealth disparity is growing in the US.
So then, here’s what you should know about wealth inequality in the United States: It’s worse than Americans want it to be, much worse than they think it is, and it’s increased over the last few decades.washingtonpost.com
Tragically, there is actually MORE income and wealth #inequality today than there was in MLK's era - 1968.Stewart Acuff
This video uploaded by
demonstrates the distribution of wealth in 1955:
America's Distribution of Wealth (1955)mbrewerDC
Not all of those online agreed with the sentiment presented in the videos above.
Wealth inequality is ultimately irrelevant. The average American is much better off, and afforded luxuries that most societies would envyJordan Batt
Some organisations released their own videos as direct responses to "Wealth Inequality in America".
This video shows the total share of federal tax liabilities, the amount taxpayers
to the government each year, for different income groups.
eEconomics - SPECIAL - Tax Inequality in Americaeeconomics
This video, by
, focuses on data regarding income mobility.
What Wasn't Said in "Wealth Inequality In America"learnliberty
Only by focusing on the income brackets, instead of the actual people moving between those brackets, have the intelligentsia been able to verbally create a “problem” for which a “solution” is necessaryaei-ideas.org