6. Income Inequality Continues To Increase
Income inequality is the gap between the top one percent and everyone else. The top one percent tend to hold an inordinately high level of a country’s wealth. In some countries, laws favor “everyone else” by taxing the wealthiest people and using those taxes for public services. Other countries, however, tax laws favor the top one percent and, in some cases, encourage those at the top to hoard money.
While some argue that a fair economic system encourages those who “have what it takes” to get to the top, others disagree. Moreover, there are plenty of studies to show that when public services, such as schools, are not funded, an uneducated populace leads to an uneducated workforce. The result is a lower quality of life for everyone including those at the top. After all, even the wealthy fare better when those around them are educated and competent.