oportet

https://time.com/7297269/founders-wealth-inequality-could-destroy

Economic inequality in the US has reached record levels, with nearly 70% of wealth concentrated in the hands of the richest 10%. Corporate profits and shareholder dividends have skyrocketed over the past five decades, while the share of economic growth reaching workers has steadily declined. By 2023, the working class had effectively lost the gains it had built up since the post World War 2 era.

This growing wealth gap threatens American democracy itself. The poorest half of the population owns just 3% of the nation's wealth, and the consequences are visible in worsening health outcomes, rising addiction and suicide rates, and increasing family instability. At the same time, the influence of the wealthy over politics has deepened, eroding trust in institutions and fueling populist, often authoritarian movements.

If the US is to preserve democracy and social stability, restoring the idea of "general welfare" as outlined in the Constitution must become a priority. Inequality is not inevitable, but reversing it will require bold, long-term reforms.

Among the possible solutions I think are raising the minimum wage, reforming the tax system to ensure the wealthy pay a fairer share, strengthening labour protections, and investing in affordable healthcare and education. These measures could help rebalance the economy and rebuild trust in democratic institutions. I know, easier said than done, especially with the stance of the current administration.