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article imageReview: A new national survey sheds light on income inequality

By Anthony Carranza     Jan 23, 2014 in Politics
A national survey report by the Pew Research Center and USA TODAY reveals that a majority of Americans believe there is a widening gap between the poor and the rich.
The ongoing economic struggles in the United States at the present time have caused a shift in American perception on income inequality. A survey report published Thursday found that 65 percent of people consider the gap between the rich and everyone else to has grown disproportionately in the last decade.
Surprisingly the findings arising from the 1,504 adults who participated in the survey, the view on inequality is shared among the majority of Democrats (68 percent) and Republicans (61 percent). However, the differences do differ greatly when it comes to determining how much the government should get involved in the affair.
“Among Democrats, 90% say the government should do “a lot” or “some” to reduce the gap between the rich and everyone else, including 62% who say it should do a lot. But only half as many Republicans (45%) think the government should do something about this gap, with just 23% saying it should do a lot. Instead, nearly half of Republicans say the government should do “not much” (15%) or “nothing at all” (33%) about the wealth divide,” according to the Pew Research Center report.
As one of the remedies to tackle the issue on income inequality 54 percent of Americans favor raising the taxes for the wealthy along with corporations, which would allow the expansion of more social programs.
Democrats — three out of every four — are heavily in favor of raising taxes on the wealthiest Americans including multinational corporations. On the other hand, Republicans in a ratio of two-to-one prefer lowering taxes to supposedly encourage more investment that will lead to economic growth.
The Obama Administration proposed raising the minimum wage to $10.10 as a policy change that could prevent the gap from widening. Congress is heavily divided on passing a specific legislative measure, but has failed up until now to produce a bipartisan bill that the president can sign.
The opinion or attitude on the American economic system its not fair for everyone, according to three out of every four Democrats. Only 25 percent believe it to be fair while 53 percent of Republicans assert its fair to most Americans.
The differing groups agree there is much work to be done to resolve the income inequality problem and perhaps setting the political differences aside would be a start. This requires more than just our current elected officials to produce meaningful legislation, but have general American public coming together to put heavy pressure to get the job done properly.
The survey was conducted between Jan. 15-19, 2014. The report is based on telephone interviews with a national sample of participants 18 years old. The margin of error was plus or minus 3 percent with a 95 percent confidence level. For more information on the methodology please click here.
More about Pew research center survey, income inequality, Usatoday
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