The eruptions in Baltimore have been tied, in complex ways, to frustrations at American inequality, and a new measure of the economic gaps arrived earlier this year:I'm going to pause here to let that sink in. The bonus pool, not the salaries of everyone on Wall Street, but just the bonus pool of a few people in a single city, working at tasks most of us could not name and few of us would miss, exceeded the total income of everyone across the nation who waited on you at a restaurant, who picked up your trash and recycling, who stocked the shelves in your grocery, and a hundred other daily things that you would most certainly notice if they were to vanish.
It turns out that the Wall Street bonus pool in 2014 was roughly twice the total annual earnings of all Americans working full time at the federal minimum wage.
We've been walloped with staggering statistics like this long enough that although this used to be a Democratic issue, Republicans are now speaking up. “The United States is beset by a crisis in inequality,” warned Senator Mike Lee of Utah, a Republican with Tea Party support (although he added that his concern is gaps in opportunity, not wealth).Yet another ridiculous Republican rephrasing (RRR) of income inequality. This RRR is almost as good as the old saw that the real problem is that the rich are paying too much in tax, while lazy poor people pay too little. Which causes income inequality...to...not be as big as it should be?
We as a nation have chosen to prioritize tax shelters over minimum wages, subsidies for private jets over robust services for children to break the cycle of poverty. And the political conversation is often not about free rides by corporations, but about free rides by the impoverished.Well, Missouri already took care of that caviar business. In fact, the Missouri bill would keep people from using food stamps on any fancy sea food, like say Mrs. Paul's Fish Sticks.
Kansas’ Legislature is so concerned with this that it recently banned those receiving government assistance from, among other things, spending welfare funds on cruise ships (there is, of course, no indication that this was a problem). Will Kansas next address the risk that food stamps are spent on caviar and truffles? We all know that public money is better used to subsidize tax-deductible business meals by executives at fancy restaurants.
But the point here is this is all political. A yawning income chasm is not a given. It's something we've created through a thousand paper cuts.
Come on in. Let's see what other punditry is afoot.