
If the levels of greater income equality of 1968 still prevailed today, the poorest fifth of Marylanders would be earning twice what they take home now.
By John Cavanagh
Imagine if you could go back 45 years to 1968. That year, after three decades of creative policy from President Franklin D. Roosevelt’s New Deal through President Lyndon B. Johnson’s Great Society, the United States was one of the world’s most equal nations.
Now imagine that instead of falling into the extreme inequality of today, the United States had stayed at the levels of greater equality of that era. What would be the benefits?
There would be a lot of them. This is the finding of a new study, “Closing the Inequality Divide,” that my organization, the Institute for Policy Studies, recently released with the Center for Sustainable Economy. Continue reading Inequality Is Hurting Us All