Analysis Of Inequality For All
“Inequality for All" reveals our economics problems and cause of this problem. According to the film, 70 percent of the U.S economy is dependent on consumer spending and middle class is in the center of it. However, Reich stated in the film that middle class does not have the purchasing power it needs to keep economy strong. Through this film Reich explains many issues, causes, and solutions to inequality in America. Because of growth of wages and productivity had a gap since 1979’s, cone could tell that something have happened in order to be so. According to the movie, typical male workers made $48,302 and typical 1% made $393,682. However, in 2010, this gap increased tremendously where typical 1% made $1,101,089 and typical male workers made only $33,751. Second statistic from the video is that 400 richest people have more wealth than bottom 150 million Americans put together. Third statistic is that during the year of 2007, top 1% took home over 23% of income according to the movie. Fourth statistic is that one can assume median income of American to be $50,000 according to the movie. However, income of America’s one percent went up to $10,000,000. The reasons or above inequality gap are from the fact …show more content…
However, top 1% does not even get taxed close to middle class. Policies always favored them instead of middle class. Also top CEO’s get extensive amount and there pay has been controversial. In Economic booms, CEO pay skyrocketed. In the 90’s Clinton considered CEO pay to be core issue of his campaign in which he planned to remove corporate tax deductions for executive pay in excess of one million dollar a year. However, this had a negative effect where deregulation of Wall Street was present. This created more excessive behavior where companies began to move executive pay from salaries to stock options. This resulted in CEOs pay to be continuously to
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