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

Bill Gates shares with Mark Zuckerberg his prior personal experiences of testifying before Congress.

Peter Prince

2018-09-13 19:38:00 Thursday ET

Bill Gates shares with Mark Zuckerberg his prior personal experiences of testifying before Congress.

Bill Gates shares with Mark Zuckerberg his prior personal experiences of testifying on behalf of Microsoft before U.S. Congress. Both drop out of Harvard to

+See More

The Economist digs deep into the political economy of U.S. government shutdown over 3 days in January 2018.

Apple Boston

2018-01-13 08:39:00 Saturday ET

The Economist digs deep into the political economy of U.S. government shutdown over 3 days in January 2018.

The Economist digs deep into the political economy of U.S. government shutdown over 3 days in January 2018. In more than 4 years since 2014, U.S. government

+See More

Main reasons for share repurchases

Apple Boston

2022-09-25 09:34:00 Sunday ET

Main reasons for share repurchases

Main reasons for share repurchases Temporary market undervaluation often induces corporate incumbents to initiate a share repurchase program to boost the

+See More

We share Warren Buffett's famous quotes on fundamental stock investment.

Charlene Vos

2017-07-19 11:35:00 Wednesday ET

We share Warren Buffett's famous quotes on fundamental stock investment.

This brief article encapsulates the timeless wisdom of Warren Buffett's famous quotes on fundamental stock investment, fear and greed, patience, risk co

+See More

The Economist Intelligence Unit (EIU) continues to track major business risks in light of volatile stock markets.

Fiona Sydney

2019-01-11 10:33:00 Friday ET

The Economist Intelligence Unit (EIU) continues to track major business risks in light of volatile stock markets.

The Economist Intelligence Unit (EIU) continues to track major business risks in light of volatile stock markets, elections, and geopolitics. EIU monitors g

+See More

Apple provides positive forward guidance on both revenue and profit forecasts for iPhones, iPads, and MacBooks.

James Campbell

2019-02-09 08:33:00 Saturday ET

Apple provides positive forward guidance on both revenue and profit forecasts for iPhones, iPads, and MacBooks.

Apple provides positive forward guidance on both revenue and profit forecasts for iPhones, iPads, and MacBooks. In the Christmas 2018 festive season, MacBoo

+See More