Laut StatCan ist die Einkommenslücke angesichts der schwächelnden Wirtschaft auf einem „Rekordhoch“.

It is not very difficult to understand; in the 1980’s Ronald Reagan said we should cut the taxes for the rich, allowing them to free up a lot of money they could invest to create jobs, then that money would „trickle down“ onto the rest of society through jobs, investments in the economy, profit taxes, income taxes, property tax and the rest…

What happened is the rich took the money, sent it into numbered accounts in fiscal heavens, relocated manufacturing in China and other low wage countries and used the rest to finance (bribe) politicians, with the help of the SCotUS „Citizens united“ ruling, in order to pass laws that allowed them to shield even more money from the taxman.

SO, because countries no longer taxed the rich, not only did an ever share of the money went to the rich but governments had to get in debt in order to provide the services the country and the population needed, which led to the current debt crisis.

Because there was pressure to prevent the government from going into too much debt, policies of austerity to cut public spending and coupled with a the offshoring of jobs led the working people to go into personal debt.

And we end up here, everyone is going bankrupted, governments, workers and students but, strangely, people are still not taxing the rich who have most of the money by fear the rich will move to another country.

**Income Gap means :** The rich are getting richer and everyone else is getting poorer…

Weakening economy based on what? The stock market is firing on all cylinders. Malls and restaurants are jam packed. People are excited to spend on new and existing things.

Poor people not having money is a completely normal phenomenon. This doesn’t mean anything for the broader economy.