Income inequality ever widening
This is where the mass pop is most blind mostly because they choose to not beleave it. The income spread is literally the top 20% take home 70% of the GPD, the upper 20% take home 15%, the middle 20% take home 8%, the lower 20% take home 5%, the bottom 20% take home 2%. The spread does not show the effect of taxing and cost of living at each level.
The cost of living is roughly 7% of the GDP resulting in the lowest full time earner is 100% spent and still owes. Even the next highest full time earner if gets unlucky that year with surprise bills is in the same boat as the lowest. With out government aid, those at the bottom 60% of the earners would be worse off. These groups even at bottom still can't take advantage of all the aid out there, pay 60% income in taxing with almost no hope of deductions.
But the upper 20% can get more of an advantage but that's still not everything. The top 20%, the group you would think would have the least if no aid at all. The top 20% actually can take advantage of the most aid, tax effect on them that they pay after deductions is close to 15% of income. The upper 20% can get with deductions down to 45%. Incentive and cost return programs to reduce monthly or yearly costs that have very high up front costs that give back nearly all of it...this stuff is what the bottom 40% need but can not afford the upfront.
As time goes on that gap gets wider. Corporations pay and lobby to make it widen at a faster rate with more deduction options. Yes there is a chance to move up the pay scale, but the cost to enter is usually too high.
The cost of living is roughly 7% of the GDP resulting in the lowest full time earner is 100% spent and still owes. Even the next highest full time earner if gets unlucky that year with surprise bills is in the same boat as the lowest. With out government aid, those at the bottom 60% of the earners would be worse off. These groups even at bottom still can't take advantage of all the aid out there, pay 60% income in taxing with almost no hope of deductions.
But the upper 20% can get more of an advantage but that's still not everything. The top 20%, the group you would think would have the least if no aid at all. The top 20% actually can take advantage of the most aid, tax effect on them that they pay after deductions is close to 15% of income. The upper 20% can get with deductions down to 45%. Incentive and cost return programs to reduce monthly or yearly costs that have very high up front costs that give back nearly all of it...this stuff is what the bottom 40% need but can not afford the upfront.
As time goes on that gap gets wider. Corporations pay and lobby to make it widen at a faster rate with more deduction options. Yes there is a chance to move up the pay scale, but the cost to enter is usually too high.
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