Republican policies from Reagan to Bush are largely responsible for the obscene disparities of wealth and income in our country. The problem has been exacerbated by Congressional Republicans who have supported the needs of the rich while attacking middle-class and low-income programs. Here are some of the results of their work.
1. We are close to having the worst wealth inequality in the entire world.
Out of 150 countries, we have the 5th-highest wealth disparity. We have a greater wealth gap than the countries traditionally viewed as unequal, such as those in Africa and South America.
We fare a little better on income inequality, although with regard to developed (OECD) countries, we have the 7th highest income gap among 34 nations.
2. Just five men together made more money than the entire U.S. foreign aid budget last year.
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