America faces income inequality, political polarization, and dysfunctional governance.

Rose Prince

2018-05-17 07:41:00 Thu ET

Has America become a democratic free land of crumbling infrastructure, galloping income inequality, bitter political polarization, and dysfunctional governance? Key measures of American public engagement, satisfaction, and confidence are near historic low rates. These measures encompass voter turnout, general knowledge of socioeconomic public policy issues, and individual respect for basic government institutions.

U.S. infrastructure needs a comprehensive upgrade as income inequality soars in America. After some adjustment for U.S. CPI core inflation, the middle-class wages have been nearly frozen over the past 4 decades in America, whereas, the top 1% upper-class income triples over the same time frame.

Family stock ownership concentration also exacerbates U.S. economic inequality in comparison to OECD standards. The government bails out banks and millions of Americans lose their homes and jobs in the recent decade during the subprime mortgage crisis from 2008 to 2009.

The gradual economic recovery produces pecuniary fruits exclusively for the rich. In stark contrast, the bottom 99% population experiences an income uptick of less than half of 1%. Only the American democracy that discards its major mission of holding the social community together would produce these inadvertent results and consequences.

In a positive light, however, there are more socioeconomic opportunities available nowadays for women, non-whites, and other minorities. Technological advances and miracles happen in U.S. labs, world-class universities, and tech startups that specialize in robotic automation, medical diagnosis and treatment, data analysis and visualization, or artificial intelligence.

Despite this positive progress, the U.S. meritocratic class continues to master the old trick of passing socioeconomic advantages and privileges from one generation to the next. The resultant hereditary elite income and wealth concentration harms social mobility to the harsh detriment of many minorities and immigrants in America. Greater social mobility requires a reasonable reversal of fortune via progressive capital taxation, inclusive education, universal healthcare, ubiquitous employment, social security, and less crony capitalism (such as family ownership concentration).

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More

E.U. antitrust regulators impose a fine on Qualcomm for advancing its exclusive microchip deal with Apple.

Fiona Sydney

2018-01-17 05:30:00 Wednesday ET

E.U. antitrust regulators impose a fine on Qualcomm for advancing its exclusive microchip deal with Apple.

European Union antitrust regulators impose a fine on Qualcomm for advancing its key exclusive microchip deal with Apple to block out rivals such as Intel an

+See More

Corporate ownership governance theory and practice

Monica McNeil

2022-04-25 10:34:00 Monday ET

Corporate ownership governance theory and practice

Corporate ownership governance theory and practice  The genesis of modern corporate governance and ownership studies traces back to the seminal work

+See More

Fed Chair Jerome Powell increases the neutral interest rate to a range of 1.5% to 1.75% in his debut press conference.

Chanel Holden

2018-03-21 06:32:00 Wednesday ET

Fed Chair Jerome Powell increases the neutral interest rate to a range of 1.5% to 1.75% in his debut press conference.

Fed Chair Jerome Powell increases the neutral interest rate to a range of 1.5% to 1.75% in his debut post-FOMC press conference. The Federal Reserve raises

+See More

We may need to reconsider the new rules of personal finance.

Daphne Basel

2019-03-05 10:40:00 Tuesday ET

We may need to reconsider the new rules of personal finance.

We may need to reconsider the new rules of personal finance. First, renting a home can be a smart money move, whereas, buying a home cannot always be a good

+See More

Edge strategies help business leaders improve core products and services in a more cost-effective and less risky way.

John Fourier

2020-09-24 10:26:00 Thursday ET

Edge strategies help business leaders improve core products and services in a more cost-effective and less risky way.

Edge strategies help business leaders improve core products and services in a more cost-effective and less risky way. Alan Lewis and Dan McKone (2016)

+See More

The Trump administration imposes 10% tariffs on $200 billion Chinese imports.

James Campbell

2018-09-19 12:38:00 Wednesday ET

The Trump administration imposes 10% tariffs on $200 billion Chinese imports.

The Trump administration imposes 10% tariffs on $200 billion Chinese imports and expects to raise these tariffs to 25% additional duties toward the end of t

+See More