America is an unequal society, and our inequality is growing. Wealth and income disparities today are higher than they were in the Gilded Age of the 1920s, right before Wall Street's crash and the Great Depression. But America's inequality goes beyond income and wealth. It affects nearly every part of our society. On every front Mitt Romney and the Republican Party support policies that would exacerbate our inequality. Simply put, Mitt Romney is the Inequality Candidate. Consider the following 10 areas. Mitt Romney's policies would increase inequality in every case.
- Inequality of income and wealth: America ranks as among the most unequal societies in the world when it comes to income and wealth. For example, the 400 wealthiest Americans now own more than the 150 million people at the bottom of our society. This disparity has been growing since Ronald Reagan took office in 1981. Mitt Romney would make it worse. His plan is to cut taxes by 20 percent, eliminate the estate tax, repeal the alternative minimum tax, and cut corporate taxes. All of these would help the richest Americans the most. As this chart shows, when top marginal tax rates decline, income disparity increases.
Can we really afford a president who seems dedicated to increasing inequality in America?