Americans do not Grasp Income Inequality
Therefore, math exposes just how great income inequality is. Americans need to pay attention to the math, if they want to understand what is wrong with their economy.
Job Killer Bank of America offers $20 an hour Pay
“Step back and think about that,” Moynihan says of BOA job cuts, since he took over in 2010. The reduction is “more employees than Delta has I think. All caused by the ability to apply technology to processes and capabilities, and customer behavior changed.”
Why America needs a Basic Income
Furthermore, America’s average household income would be $138,134 if we based it on per capita GDP. To elaborate if you multiply $53,128.45 by 2.6; the average household size, you get $138,134. Moreover, the average per capita household GDP for a family of four in 2017 was $212,514.16. Hence, most Americans do not share in the growing national prosperity.
Advantages to Basic Income
A basic income can serve as reparations for slavery; and other crimes against African Americans, without penalizing white people. In fact, most whites; and many white nationalists, like basic income because they will receive it too.