Inequality has always been the root of all revolutions. The elite 1% oppress and squeeze the life out of the 99% and inevitably they rebel. It appears that humanity has not yet the lessons from past revolutions. The problem of social/income inequality is old evil in humanities history. Time and time again the have’s oppress the have nots.
Stiglitz says. “It’s really emblematic of the divide that has gotten much worse in our society.” On Tuesday, Bloomberg News reported that pay for the top CEOs on Wall Street increased by more than 20 percent last year. Meanwhile, census data shows nearly one in two Americans, or 150 million people, have fallen into poverty or could be classified as low-income. “United States is the country in the world with the highest level of inequality [of the advanced industrial countries], and it’s getting worse,” Stiglitz says. “What’s even more disturbing is we’ve [also] become the country with the least equality of opportunity.”
The USA is # 1 at income inequality but ALL humans being are equal and there must be equality in the distribution of wealth and opportunities for all.