Winner-Take-All Economy Essay Example | Topics and Well Written Essays - 1000 words

Winner-Take-All Economy - Essay ExampleThis has been fueled by capital gains such as dividend and investment income, the shares carry increased significantly from 9 percent to 23.5 percent (Hacker & Pierson 16). The more exclusive the group the group, the more stratospheric the gains have been.This has been fueled by capital gains such as dividend and investment income, the shares have increased significantly from 9 percent to 23.5 percent (Hacker & Pierson 16). The more exclusive the group the group, the more stratospheric the gains have been.Gains Have Been SustainedThe income tax statistic reveals that the move of income towards the top has been sustained, and it increases steady since around 1980. The ever increasing national income shares captured by the richest Americans are a long-term trend which is obviously not related to either the shifting partisan occupation of the White House or business cycle (Hacker & Pierson 17). The rapid increase in a number of shares captured by the richest Americans occurred during the drives on the stock securities industry that occurred between 1980 and 2000.Gains Have Resulted in Few Trickle-Down Benefits for the Non-rich The average income of the poorest American households increased by 6 percent, while the middle quintiles of households increased by 21 percent. This question study took inflation and government benefits and taxes into account (Hacker & Pierson 17). Most of the richest Americans gain from the struggle and sweat of the middle class and poorest Americans.