Timothy Noah, a writer for Slate.com, has produced an extensive series on the income gap in the United States. According to his research, wealth inequality has been growing at a rather alarming rate. As he reported, in 1973, one percent of the population held 8 percent of the nation’s income. Today, the richest 1 percent account for 24 percent of the nation’s income.
Timothy Noah, a writer for Slate.com, has produced an extensive series on the income gap in the United States. According to his research, wealth inequality has been growing at a rather alarming rate. As he reported, in 1973, one percent of the population held 8 percent of the nation’s income. Today, the richest 1 percent account for 24 percent of the nation’s income.
America is the land of opportunity, built on free market principals. And in a free country, we celebrate success. The accumulation of wealth is, of course, not a bad thing.
But a free market economy — indeed our entire society — is stronger when more people are successful. The concentration of wealth into too few hands can limit the overall growth of an economy and can stifle the creativity that produces wealth.
We need leaders who will work across party lines to rebuild our economy. And we need representatives from South Carolina who will put jobs and working people ahead of rigid ideology. That why I’m hoping to earn your vote in November.