Per news reports, income inequality is an important issue for many American voters. Just proves that You Can't Fix Stupid!! Here's why income inequality is fair and good:
1. People with higher education levels on average earn more money, For example, college graduates earn more on average than high school dropouts. That's fair.
2. Skilled workers earn more than unskilled workers. That's fair.
3. People who have been working for decades earn more than people who haven't been working very long. That's fair.
4. People who have been working for decades have had more time to save and invest thus building more total income, plus pay off house mortgages than people who haven't been working nearly as long. That's fair.
5. People who are frugal with their money normally have more income saved than people who spend most or all of their income or more than their income. That's fair.
6. People in the same jobs, whether they are men or women, earn the same amount of money. That's fair and also has been the law for over 50 years.
7. People who work harder, longer, and smarter than their peers generally earn more and get more job promotions. That's fair.
8. People who are willing to endure longer commutes to work, especially if they work in big cities, can find cheaper homes and rentals than those who choose to live in the city where available land and housing is more limited. Thus their residences are larger and nicer, plus they can save and invest more income. That's fair.
9. People who have less or no children, have lower expenses, more money saved and invested, and a higher standard of living than people who earn the same amount of money but have more children. That's a choice that is both understandable and fair.
10. 50% of single parent households live in poverty versus only 10% of married households with children living in poverty. Very understandable and fair. Two potential income earners and babysitters versus one. To deliberately become a single parent household instead of getting married first is the height of stupidity.
11. Divorced people have lower income standards and savings than their married peers. Understandable and fair. Two residences to support for divorced people versus one residence to support for their married peers.
Now there are Communist and heavily socialist nations where there is more income equality than America. However, they pay a very heavy price for it. They are much poorer and have much lower living standards than Capitalist nations. For example, the average European in a heavily socialist nation pay 40 to 60% income taxes, plus a hidden 25% national sales tax called a Value Added Tax so that their net income does not go very far. Consequently their average residence is 600 to 800 square feet with only one bathroom compared to the average American with 2,000 square foot residence with multiple bathrooms. Plus their medical services are "rationed" as they have far less doctors, hospitals, and medical equipment such as medical scanners and CRTs per equal population size than America. Why would you want that?
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