SOC 102 Lecture Notes - Lecture 11: G.I. Bill, Progressive Tax, Financialization
Document Summary
The rising ide that didn"t lit all boats. For 30 years ater wwii america grew together . Progressive taxaion the higher your income, the higher your percent of tax. For the past 30 years, we have been growing apart to the worst levels since great. Government policies have been part of this. Invesing in the upper class causes them to increase business and create beneits (jobs) for the lower classes. Give rich people money, they save it not spend it. Trickle up economics invest in the poor to increase business. Trickle up might work because the poor can"t save their money, they need to spend it. Median household income dropped hugely during recession. Biggest hit fell on middle an low income groups. Upper end households saw litle to no change in income. Raised one common index of inequality in america to an all ime high.
