I.R.S. says the income gap between the rich and poor is growing?

Question

What can be done to narrow that gap? Wasn't trickle down economics supposed to prevent this from occuring?

Answer 1

Encourage kids to do better in school. Have mentor programs that emphases hard work. Stop glamorizing criminals in the entrainment industry. Make it easier to get student loans for college. Teach personal finance and economic classes in high school and make them mandatory. Penalize parents if their kids skip school.

Answer 2

The answer is education. Our kids have no marketable job skills. Only the wealthy can afford to get their kids the specialized education they need to become successful. So the rich get richer, the poor stay poor and the middle class is disappearing because there are no good paying jobs for unskilled labor. However there are still good paying jobs available for moderately skilled labor. If we would start preparing our children to enter the workforce while they are in high school, we could rebuild the middle class in this country. It is as simple as offering trade school degrees for free to high school students. Teach your kids to be mechanics, plumbers, pipefitters, lab techs, paralegals, medical assistants, whatever. All those Jobs you can get with a six-month tech school degree, give them the degree they need to get a job they can live on. And You don't give them all the same skills. You make them pick a major and you limit availability to what the market will sustain. They do not have to do that job the rest of their life, but at the very least, when they graduate highschool, whether they go to college or not they will have the skills to make a good living wage. That will reduce the number of people living in poverty. It is not a matter of redistributing wealth. It is a matter of giving people the right set of skills they need to make a good living.

Answer 3

The problem is that once an individual crosses a certain threshold of wealth, and retains the ambition of getting wealthier, their money begins to buy influence to get the hurdles out of the way that slow down you or me. In other words, they begin to use their money to cheat to get richer.

When the poor of a society allow such a thing to go on long enough, eventually so much wealth and power gets hoarded into the hands of so few, that invariably those very few begin to think the world belongs to them, and they can do what they want with it, because they have gotten away with it so far.

Answer 4

duhhh. Because they both keep doing the same things!

poor people do stupid things with money like make car payments.

rich people do wise things with money like grow their own businesses or invest in other wealth producing assets.

Poor people, I have 2 links and a book for you to help you get rich. Not quickly, but get you on the road to getting rich this life time, maybe in 5 to 10 years:

(sorry rich people. I had to tell them. Its just not fair. Besides if they don't wisen up soon, their going to ruin the US with their laziness)

Answer 5

The trickling doesn't work.
For example:

A rich somebody goes to buy a pair of shoes. What pair of shoes does he/she go get? An expensive pair from some extravagent shoe seller. That shoe seller is rich, and buys other high priced items from other rich people. No trickling there.

A poor somebody goes to buy a pair of shoes. What pair of shoes does he/she go get? A (relatively) cheaper pair from a rich coorporation. That coorporation's CEO goes and buys high priced items from rich people. There's the trickling.

So all in all, it trickles upward. That's called Capillary action.

Answer 6

Trickle down is what caused it.... and now the only real way to alter this trend is to convince (or set up policies that make it more profitable) big business (and therefor their owners) to reinvest in America and move jobs back to the homeland.

Answer 7

that's not classification envy to particular disgust at what's happening. it truly is stated as a conscientious understanding of undesirable regulations that want the corporate schedule and provides to the rich whilst taking style the destructive. Bush a million. He backed businesses to bypass over seas. If businesses wanted to speculate enable them to make investments their very own money. He GAVE them our money and that they don't even decide to pay taxes. they did not CREATE ANY JOBS interior the U. S.. We lost 40 3,000 INDUSTRIES and 15 million jobs. 2. He spent Clinton's surplus in only one month, he gave it to the rich in a tax ruin that went retroactive an identical year he went in. No jobs created there the two. 3. He lied to the congress with a view to commence a conflict with Iraq. 4. He gave the oil businesses and multinationals a tax ruin and subsidies from our tax funds to dig for oil in our soil and coast waters without annoying protection for water techniques secure practices. 5. He did not communicated to the generic public that he had a conflict of pastime with the oil businesses regulation. He enable them to alter themselves. Gave them EXEMPTION FROM THE clean WATER ACT. Now they're adverse the eating water in our rural factors. Watch the documentary GASLAND”. 6. He gave oil businesses permission to dig interior the peoples land by potential of paying $a million (sure it relatively is ONE dollar) in line with ACRE, in line with year. No, not in line with day, or a week yet in line with year. and that they nonetheless pay no taxes. Who reward? those with oil shares like the trees and the Chenneys and people who're individuals of his cranium and Bones fraternity besides as people who're individuals of the Bohemian Grove club. that's not the generic public of human beings. I call THAT MISUSE OF potential. 7. He laughed and JOKED approximately not looking weapons OF MASS DESTRUCTION whilst our youthful adult males and females have been demise in Iraq.

Answer 8

It is trickle UP economics since we got the oil mogul in there.

Answer 9

Those who work hard and are successful will always earn more. Those who don't, won't, hence the gap.

No, it wasn't.

Trickle down simple means the wealthy do better ONLY when those less wealthy do better economically. They will always do better than those who are less wealthy.