The Debate over Income Inequality
Feb 8th, 2014 | By Dr. Jim EckmanIn President Obama?s State of the Union address it was one of the primary themes. It is the centerpiece of almost everything MSNBC features in its cable news coverage. The Democratic Party is banking on this as the cornerstone of its 2014 campaign to retain control of the Senate. Income inequality is once again a ?hot issue? in American politics. Talk of increasing the minimum wage, taxing the wealthy to fund additional programs for the poor, and extending unemployment insurance are all examples of federal programs being discussed. More specifically, significant tax-the-rich proposals are being suggested to fund pre-Kindergarten educational programs. That there is income inequality is a given in America; in many ways it has always been so. There is a growing gap between the very wealthy and the very poor.