This, was the clearest single chart I could find that can encapsulate the extremely complex topic of income inequality in a succinct way.
Notice the Reaganesque skyrocket in inequality that continued under Clinton, and then its flatness under Obama. Of course, having the chart end in 2014 means it’s tough to use it to say anything about Biden, but I do know that wages at the 10th percentile were rising very substantially, even outpacing historic inflation, during the first few years of Biden’s presidency, as income at the 90th percentile was actually dropping somewhat as inflation ate up their gains.
What numbers are you looking at that are saying that Clinton was best on inequality, then Obama after him, and Biden was worst? To me it looks like 100% the exact opposite.
Cherry picked chart, also wealth inequality is more important. You misunderstood my previous comment, Clinton was not good on inequality, it was the opposite. He started the trend of abandoning workers with NAFTA and it’s gotten worse ever since. It was the Dems before him that were decent. Those Dems are long gone now.
Look at what you’re trying to celebrate with that article:
Bunny White, 65, is a cashier at pro sports stadiums in New Orleans. She was part of a movement at her workplace to form a union, and they secured their first contract in early April. The result? Her pay will go from $12.50 an hour to $16 an hour, she said.
To help pay her bills, she has a second job at a private catering company and also occasionally drives for Uber or Lyft, or delivers meals for DoorDash. Now, she said, she has more flexibility to take time off.
Living paycheck to paycheck still, no future for them, even stating they would need more raises to have savings. All of this is irrelevant considering how bad wealth inequality is.
It’s getting worse because of the Dems shift to neoliberalism, there is no counter to Republicans economic policy. Only way to stop it is to not vote for them and instead express democracy and vote for a candidate that has decent economic policy.
Clinton was not good on inequality, it was the opposite. He started the trend of abandoning workers with NAFTA
Yes, 100%. This part I agree with; Clinton was very bad.
and it’s gotten worse ever since
This part I also agree with.
You spent a long time restating your claim that the Democrats are responsible for all of that and that the trend is accelerating with successive Democrats, neither of which I agree with, and I already laid out some data to say why. Did you have some kind of data or something to back up the argument?
(I saw your chart… it’s hard to draw too many conclusions from just 3 data points on the X axis but it looks to me like what it shows is what I said: Inequality got massively worse under Reagan, Clinton, and Bush 1 and 2, and then tapered off although still getting worse under Obama, and nothing is shown after that. I.e. I’m not sold that that chart means that Democrats are the ones doing it.)
Like you said income and wealth inequality is a complicated topic, the link I posted has several graphs and statistics, and from looking around most studies show wealth inequality is getting worse. It’s not entirely the Dems fault, I’m saying they’re not doing enough to oppose the Republicans and that having an competitor like the Green party start to grow in support would push the Dems to do more about it
This, was the clearest single chart I could find that can encapsulate the extremely complex topic of income inequality in a succinct way.
Notice the Reaganesque skyrocket in inequality that continued under Clinton, and then its flatness under Obama. Of course, having the chart end in 2014 means it’s tough to use it to say anything about Biden, but I do know that wages at the 10th percentile were rising very substantially, even outpacing historic inflation, during the first few years of Biden’s presidency, as income at the 90th percentile was actually dropping somewhat as inflation ate up their gains.
What numbers are you looking at that are saying that Clinton was best on inequality, then Obama after him, and Biden was worst? To me it looks like 100% the exact opposite.
Cherry picked chart, also wealth inequality is more important. You misunderstood my previous comment, Clinton was not good on inequality, it was the opposite. He started the trend of abandoning workers with NAFTA and it’s gotten worse ever since. It was the Dems before him that were decent. Those Dems are long gone now.
Look at what you’re trying to celebrate with that article:
Living paycheck to paycheck still, no future for them, even stating they would need more raises to have savings. All of this is irrelevant considering how bad wealth inequality is.
https://www.aspeninstitute.org/blog-posts/charts-that-explain-wealth-inequality-in-the-united-states/
It’s getting worse because of the Dems shift to neoliberalism, there is no counter to Republicans economic policy. Only way to stop it is to not vote for them and instead express democracy and vote for a candidate that has decent economic policy.
Yes, 100%. This part I agree with; Clinton was very bad.
This part I also agree with.
You spent a long time restating your claim that the Democrats are responsible for all of that and that the trend is accelerating with successive Democrats, neither of which I agree with, and I already laid out some data to say why. Did you have some kind of data or something to back up the argument?
(I saw your chart… it’s hard to draw too many conclusions from just 3 data points on the X axis but it looks to me like what it shows is what I said: Inequality got massively worse under Reagan, Clinton, and Bush 1 and 2, and then tapered off although still getting worse under Obama, and nothing is shown after that. I.e. I’m not sold that that chart means that Democrats are the ones doing it.)
Like you said income and wealth inequality is a complicated topic, the link I posted has several graphs and statistics, and from looking around most studies show wealth inequality is getting worse. It’s not entirely the Dems fault, I’m saying they’re not doing enough to oppose the Republicans and that having an competitor like the Green party start to grow in support would push the Dems to do more about it