Thursday, May 22, 2014

THE LAND OF UN-EQUAL OPORTUNITY

Trickle down economics doesn't work and has instead effectively destroyed the middle class in the US which ranks 4th in income inequality.



Republicans continue to push for these failed policies that without a doubt has transformed this republic/democracy into a autocratic/plutocracy.



Countries with the widest gap between rich, poor


4. United States

> Gini index – post tax & transfer: 0.380
> Social spending, pct. of GDP: 20.0% (11th lowest)
> Chg. in Gini after tax & transfer: 0.119 (4th smallest)
> Job growth, 2013: 1.0% (14th highest)

Despite being one the world's wealthiest nations with the third highest GDP per capita in the OECD, the U.S. still had one of the developed world's largest income gaps. 

The U.S. spent the most of any member nation on education per student, at more than $22,700 annually as of 2010. The U.S. also had the fourth highest percentage of adults between 25 and 64 years old with a tertiary degree, at over 42%. Despite this, the country has struggled to keep workers in the labor force. In each of the last two years, labor force growth has been less than 1%, as Americans exited the workforce and the population continued to age.