The wealth gap in the United States is staggering. The wealthiest 1% of individuals control 40% of the nation’s wealth. 2018 created more millionaires than ever before yet millions are struggling with consumer debt, rising housing costs, inflation, and stagnant wages.
If we can address the wealth gap the biggest political agendas would lose their teeth and working class Americans could actually consider the American Dream a real option for their families. America at it’s very core is built on the foundation that each person, should they have the fortitude and diligence, can build a future for themselves and their families. The dream of America is real and pervasive – not in a “kum ba yah” hope it will happen way – among those willing to pick themselves up by their bootstraps.
When the wealth gap becomes staggeringly large it becomes a threat to the longevity of society.
Indeed, the great nations that no longer exist succumbed under tensions between the haves and the have nots. When the poor feel they have no future, they protest, they boycott and they rise up against the leadership. In short, in order for people to be lifted by their bootstraps, they must have boots.
To put this in perspective, let me tell you a story. Marie Antoinette the Austrian queen of France became well known for her extravagant lifestyle while the French economy was struggling. The average person in France didn’t have enough money to buy bread to feed their families. In time, the people began to blame Marie for their problems and the gossip abounded, most notably that she remarked “Let them eat cake” when asked what the French people should do when they had no bread to eat. The eventually lead to the French Revolution, Storming of the Bastille and riots outside her home at the Palace of Versailles. Marie Antoinette was brought to trial shortly after the Reign of Terror began. Poor Marie Antoinette was brought to trial, found guilty and was executed on October 16, 1793.
The point of the story isn’t to educate you on the French Revolution but to showcase how the masses can only stand to be downtrodden for so long.
Housing and food are the two monthly household expenses that are related to basic human needs. Without them, our survival comes into question. There is no benefit in being wealthy in a place where your personal safety is called into question.