Over the years the ability of our governemt to keep a tab on the wealth divide has been relatively decent we havent seen many times where the middle class and the upper class are extremely far apart until now. With world problems such as the economic crisis and the financial strain of the war in Iraq the governmetn has lost its grip in regulating the wealth gap and we are starting to see the effects.
- between 1979 and 2006 the upper class saw a tax increase of 256%
- middle class saw 21% rise
- lower class saw 11% rise
- deeper changes also played a part such as cheap chinses goods, outsourcing and other countries increasing education.
I got this article from the global issues in context database and the title is
The broken contract: inequality and American decline.
Should the government be responsible for controlling the wealth gap.
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