More than Half of America's Children Need Government Assistance

Steve Kinsman By Steve Kinsman, 25th Jan 2015 | Follow this author | RSS Feed | Short URL http://nut.bz/u12xoy18/
Posted in Wikinut>Money>Economics

As wealth keeps moving upward from the poor to the rich, creating inequality not seen since the Gilded Age, more and more families with children are thrown into poverty.

How did it come to this?

It started with Ronald Reagan, who famously said that "government is not the solution, government is the problem." Since the Gipper said those words, deregulation of the financial industry has given us the Savings and Loan debacle, the housing bubble, banks too big to fail, bank bailouts, and an economic meltdown in 2008 worse than anything seen since the Great Depression.

It continued with Bill Clinton, who sent millions of good American jobs offshore with the passage of NAFTA, the North American Free Trade Agreement, and the repeal of the Glass-Steagal Act, which allowed the big banks to gamble recklessly with our money, leading to the 2008 economic meltdown.

These reckless moves have allowed wealth redistribution to move upward to the one percent and create the greatest income inequality in over 125 years.

Now, a report from the Southern Education Foundation has found that 51 percent of America's school children have qualified for federal programs for free or reduced price lunches, the highest rate in over fifty years.

In the United States 22 percent of all children are considered to be living in poverty. The truth is that it is higher than that, because the government uses a very low threshold when it measures child poverty.

U.S. Rank

Of 35 industrial countries surveyed, it was found that the United States ranks 34th in income inequality, ahead of only Romania (see map above). The gulf between rich and poor in this country is growing exponentially, and there is no end in sight, given Congress' lack of enthusiasm for taxing the rich. People making $30,000 a year in America pay an effective tax rate of 10.5 percent, while millionaires pay on average about 5 percent. Instead of a progressive income tax, graduated upward, like we had until Ronald Reagan assumed the presidency, we now have a regressive income tax, where a much greater tax burden, in terms of affordability, falls on the poor.

In 2013, twenty-one states reported that the majority of children in their public schools came from low income families. Only two years earlier, in 2011, seventeen states reported such statistics. In 2001, ten years earlier, when George W. Bush assumed the presidency, it was only four states.

Given the makeup of the new Congress, controlled by the Republicans, we can only expect that the situation will get even worse in the future, since the GOP represents only the interests of the one percent and nobody else.

Preview image from photobucket.com
Map from huffingtonpost.com

Tags

Economics, Economy, Food Stamps, Poverty, Social Safety Net, Steve Kinsman, Welfare

Meet the author

author avatar Steve Kinsman
I live in California with my wife Carol, where I have been practicing professional astrology for 35 years. I write articles on astrology, but I enjoy writing on a variety of other subjects as well..

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Comments

author avatar M G Singh
25th Jan 2015 (#)

Nice point highlighted Steve. Yes, the rich are getting richer, I wonder what can be done. Perhaps 50 years down the line a Marxist concept may emerge.

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author avatar Retired
25th Jan 2015 (#)

Sad that this is happening in America..."land of the free?"

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author avatar Mark Gordon Brown
25th Jan 2015 (#)

My wife has written a lot about this lately, her point being that the poor help the rich to get richer, by shopping at stores such as Wal-Mart and other chain stores, we put our money in their hands.
Poor families can make better use of their resources if they have fewer children too, and encourage those kids to get an education, ideally by starting a fund for sending their kid to college, easily if a person has lots of kids this will he hard to do.

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author avatar cnwriter..carolina
25th Jan 2015 (#)

so true what your wife says Mark...

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author avatar viewgreen
25th Jan 2015 (#)

Great topic and thank you for sharing this information about the problems of increasing poverty. Hope the others rich countries can participate to overcome this. Awesome article. Thank you.

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author avatar Carol Roach
25th Jan 2015 (#)

It is a problem all over, Canada is no better

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author avatar Retired
25th Jan 2015 (#)

Apparently, of the world's 47 million richest people (the top 1%) 18 million live in the United States!

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author avatar Shamarie
25th Jan 2015 (#)

One of the main objectives in America should be to eradicate poverty!

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author avatar Steve Kinsman
25th Jan 2015 (#)

It should be, but that is not even a priority. On the top of the agenda is perpetual war, welfare for corporations, and the surveillance state.

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author avatar cnwriter..carolina
25th Jan 2015 (#)

another great expose dear Steve...thank you again for leading the pack...love you :))

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author avatar Steve Kinsman
26th Jan 2015 (#)

Thank you cnwriter. Love you too. :))

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author avatar Grumpybear
27th Jan 2015 (#)

Well said Steve. I agree. If there were more people in Politics that care for our people, we wouldn't have such inequality in our country.

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author avatar Steve Kinsman
27th Jan 2015 (#)

Right you are Grumpybear. Thanks for commenting.

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author avatar Fern Mc Costigan
27th Jan 2015 (#)

Imagine Steve if we didn't spent all that money in those stupid wars, child will get there full meals, medical and free college tuition!

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author avatar Steve Kinsman
28th Jan 2015 (#)

Imagine we can. Thank you Fern.

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author avatar SaigonDeManila
3rd Feb 2015 (#)

Thank you for this information...it an eye opener!

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author avatar Steve Kinsman
3rd Feb 2015 (#)

Thank you for your comment SaigonDeManila. I appreciate it.

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