It's no secret that American income inequality is at its worst point since the gilded age. So how do we stop this rampant inequality?
It's no secret that American income inequality is at its worst point since the gilded age. To break it down for you, there's a very small yet super-rich class at the top (the 1%), and there's the rest of us (the 99%) who are duking it out in a type of capitalist serfdom. Chris Hughes, a Facebook co-founder, will be the first to tell you that he's a super lucky guy that happened to benefit massively from this system that makes the rich richer and the poor stay the same. He's come with a plan — give $500 a month to every working adult making less than $50,000 a year — to help reinvigorate the American economy and the American dream that we can pull ourselves up. If the American dream is dead, he says, then what are we fighting for in the first place? His fascinating book is Fair Shot: Rethinking Inequality and How We Earn.
If most people knew the details, they might feel very differently about the games.
Athletes and spectators alike are ramping up for the 2018 Winter Games, this year held in PyeongChang, South Korea. Beginning February 9, these Games will be the second time the Republic of Korea will have hosted the Olympics. The first was in 1988, a sort of coming out party, where Seoul showcased how much the country had developed on the world stage.
One graph claims to show the inverting relationship between inequality and opportunity. The Great Gatsby Curve sheds light on one of the key issues of our time.