What’s causing North Carolina’s income inequality explosion?

During the Thanksgiving holiday, Americans have traditionally celebrated the abundance long believed to be hallmark of our national experience. As the latest issue of Prosperity Watch makes clear, however, that abundance is increasingly concentrated in fewer and fewer hands in North Carolina. Income inequality has exploded in the state, leaving North Carolina with one of the greatest gaps in the nation between those at the bottom in terms of income and those at the top.  For more details on the drivers behind our state’s exploding income inequality, see the most recent Prosperity Watch.

One Comment

  1. david esmay

    November 21, 2012 at 11:33 am

    The increase in income inequality in NC is part of the state GOP’s plan to return to the plantation system. The Republicans seek to undermine public education, that gives them a larger uneducated population to exploit. They prey on the ignorant and the simple minded, those same folks they convince to vote against their own self interests out of fear and racism. They allow corporate lobbyists to write tax laws and put in place loop holes built by people with the foresight of evasion. Their whole platform is to end public education, keep the rich from paying taxes, and foist that responsibility of the wealthy’s share onto the poor and middle class. They are working from the same basic premise outlined to them by ALEC, the Koch bros., or Art Pope, which is to privatize the common wealth. Right now they’re winning, fortunately they are out numbered at the ballot box, and when the painful results of these policies come to fruition, when they have weaken the state government, our infrastructure, and our educational system to the point it becomes intolerable, there will be a political backlash. Hopefully it won’t be too late.