1 The United States is currently experiencing the greatest economic inequality since the

Chapter 1, Problem 14

(choose chapter or problem)

1 The United States is currently experiencing the greatest economic inequality since the 1920s, and 2 this inequality is depressing the economy. 3 The true sustainers of the economy are the bottom 99 percent of households, but 4 the top 1 percent takes in 93 percent of the growth in income. Also, 5 economic inequality is undercutting tax receipts, which are vital for infrastructure, education and research. This is because 6 income earned by the rich is taxed at a far lower rate than income earned by the middle class.

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