The 'Real' Social/Economic Cost of America's Wealth Inequality

"total Earned income was added to the incomes of the Bottom 50%, their total earnings would increase from $1.4Trillion to $3.2Trillion, which is a 128% increase."

I always love these numbers games. Let me ask you, have you heard of supply and demand before? When you get done redistributing the wealth as you've outlined. you realized you've moved relative poverty in the US to people making $40,000 a year right? Why would people spend money and 4 years of their lives to get a good job when they'll still only make the same as a high school dropout next door with your redistribution? And getting back to supply and demand and relative poverty... You do understand with the redistribution you've outlined, the cost of most goods would go up enough to offset the 'added' money you've confiscated right? Meaning in the end you'vedone them no good, well, that's not quite true. You see, when you punish success to reward failure what you do is chase enterprise away. Confiscating more money from the producers reduces their return meaning they will invest somwhere else. We've already seen plenty of that, why some seem to think chasing more business out of the US and increasing our unemployment will somehow help balance income 'inequality' is beyond me, but perhaps someone could explain it to me sometime.

"Nobel Laureate Joseph Stiglitz points out the richest 1% of Americans now own 40% of the nation's wealth."

Yip, that's America. Funny that you should complain since in

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If the Top 1% Earners made the same percentage (9%)