Topic: Income Inequality
The data show wealthy Americans are not universally Republican, though they tend to lean and vote that way. Cruz never really explains why he believes this is the “biggest
lie.” Instead, he attacks President Obama for presiding over an increase
in income inequality and says that the president’s policies, such as
the health-care law, have negatively affected “young people, Hispanics,
African Americans, single moms.
Tanden was commenting on the Supreme Court’s 6-2 decision allowing states to effectively ban affirmative action. She accurately reflected the findings of a much publicized report, however some other studies show slight differences.
A study from the Urban Institute supports her statistic. Other research
shows an even wider gap, further proving her point that race is a factor
in U.S. wealth.
Americans for Prosperity, the limited-government group sponsored by the Koch brothers has spent
$35 million attacking Democrats over the Affordable Care Act, but their new expensive ads are false.
It is true that Canadian middle class incomes are now higher than in the United States.
They are working fewer hours for more pay, living longer on average,
and facing less income inequality." Her claim that Canada provides a better safety net is hard to measure statistically.
Politifact experts took some issue with her loose characterization of "too big
too fail" but her underlying point
is largely accurate and verified by financial facts.
Charts from Budget of the United States Government: Historical Tables Fiscal Year 2015
show spending by Bush increased 88%, while spending increased only 3.78% under Obama. Deficit increased to $1.4 trillion under Bush. Under Obama deficits have been reduced by about half to $.6 trillion. We have gone from losing around 850,000 jobs a month under Bush, to gaining over 200,000 jobs a month under Obama.
Currently income earned from stock dividends and capital gains is taxed at rates far lower
than ordinary income from work. This increases income inequality and penalizes the middle and working class. Even with lucrative loopholes corporations are fleeing overseas to pay even less.
"Historical analysis shows that for most of the century, including some boom times, top-bracket income tax rates were much higher than they are today.".. "History shows super-high tax rates on rich people do not appear to hurt the economy.".. "Periods of very low tax rates have been followed by periods with very high tax rates, and vice versa. So history suggests that tax rates will soon start going up."
"Income and wealth inequality are near their highest levels in the past hundred years." Her comments come after the Swiss bank Credit Suisse recently warned
that inequality in the U.S. is at levels that have been associated with
recessions in the past.
The facts are, Texas has the 13th highest poverty rate in the United States. Texas is one of nine states with the highest levels of income inequality. Texas has created over a million jobs since the recession began. But it
has also added a quarter million more part-time workers who want
full-time jobs. Mark 14:7 says the poor will be with you but it does not say to ignore them.
The American dream that hard work could pay off is want made America great, but evidence shows that is no longer true. Bush says that we must fix our education system in order to turn that around. Many would say income inequality is the cause.
In fact, Obama has on multiple occasions proposed changing the tax code
so that it complies with the "Buffett rule," which attempts to ensure
that high-income people pay a certain percentage of their income in
taxes that is at least higher than what middle-class people pay.
According to one measurement, the bottom 90 percent of American earners had a lower income in 2012 than they had 30 years ago.
She’s arguing that middle-class wages haven’t
increased enough over the past couple decades.
PolitiFact reviewed the state of the Union speech line by line. Click the icon to review each point.
PolitiFact validated a claim that, "In 1978, a student who worked a minimum-wage summer job could afford to
pay a year's full tuition at the 4-year public university." Obama's point is that the current minimum wage now prohibits the American dream.
During a Reddit AMA
(Ask Me Anything) interview about Artificial Intelligence (AI) he said, "If machines produce everything we need....and machine-owners successfully lobby against
wealth redistribution," as is now the trend, most people will end up miserably poor.
Political activist, Harvard law prof. and Democratic Presidential candidate said that America's "fundamental inequality" disempowers people, and
"life is not respected, so you are actually risking your life to be a
black person driving in certain areas."
Jim Wallis, who spoke to the Parliament of the World's Religions
said, if you believe that every human being regardless of religion or nationality, is made in the image of God, is a child of God, and if you believe in loving your neighbor then income inequality is a spiritual issue, a moral issue,
and a religious test of our belief. We can address inequality through human dignity, stewardship, and the common good.
Reports from respected nonpartisan research groups calculate that the
0.1 percent -- those making more than $3.7 million per year -- would
receive 18 percent of the tax cuts under Trump’s proposal. The bottom 60
percent of taxpayers, meanwhile, would enjoy only 16.4 percent of the