Income and wealth distribution become extremely unequal

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Question: The United States today has by far the most unequal distribution of income and wealth among all developed nations. According to Robert Reich "something happened in the late 1970s" that explains growing inequality in the distribution of wealth and income in the United States. First: Explain what happened. (View the documentary Inequality for All, available on Canvas in module 2). Second: explain what kinds of problems occur in society when the income and wealth distribution become extremely unequal? Third: If extreme inequality is, indeed, a problem, what can be done about it? In your answer make sure to provide some data about income and wealth distribution in the United States. What is your view about all of this?

Reference no: EM133309783

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