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P.G. Sittenfeld on Welfare & Poverty

 

 


Wealth inequality is worst since the Gilded Age

Today, income and wealth inequality is worse than at any time since the Gilded Age. Forty years ago, the average CEO of a Fortune 500 company earned just over 30 times more money than the company's average worker. Last year, that CEO was paid over 200 times more. 93% of all the income gains since the end of the recession have gone to the top 1%--and 100% of those gains have gone to the top 5%.

Maybe that explains why the richest 400 people in our country are now wealthier than the bottom 150 million people. And why the six heirs to the Wal-Mart fortune own more wealth than the bottom 30% of Americans put together.

In the Senate, I will fight poverty and wealth inequality with both short-term and long-term solutions. In my opinion, no American who is willing to work full-time in the richest country on earth should be forced to live in poverty.

Source: 2016 Ohio Senate race: Center of Hope Baptist Church speech , Aug 9, 2015

Other candidates on Welfare & Poverty: P.G. Sittenfeld on other issues:
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Page last updated: Sep 02, 2017