Sharp US income inequalities are only partially offset by means-tested social programs and taxation-based transfers, according to a new report from the Congressional Budget Office.
For the top 20% richest US households, average income was more than ten times that of households in the lowest quintile.
Income inequality has worsened considerably in the last three decades, the report finds; it also identifies deep disparities within the wealthiest 20%.
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capitalism, ethics, inequality, morals, onepercent, societal collapse
- Categories: Economy
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