A poll from Pew Research finds that more Americans are worried about wealth inequality than they are with undocumented immigrants entering the country.
The poll, according to reporting from Business Insider, shows that 42 percent of Americans want to see the federal government tackle income inequality. Meanwhile, 39 percent want to see the federal government take more action on immigrants coming into the country illegally.
Within the poll, it was also revealed that 61 percent of American adults think there is “too much” income inequality in the U.S. currently.
They’re not wrong.
Per reporting from the New York Times, the amount of wealth owned by the top 1 percent of earners is equivalent to the bottom 90 percent of workers in the country. Worldwide, the richest 85 people in the world earn as much wealth as the bottom half of all humans on this globe.
Americans are also supportive of measures to combat income inequality — 3-in-5 Americans, according to another recent poll, are supportive of a wealth tax on those whose wealth exceeds $50 million. The idea even has the support of 40 percent of Republican voters, according to a report from the Washington Post.
Here’s the truth about the economy:
✅ Income inequality is at a 50-yr high
✅ 40 million people live in poverty
✅ Racial wealth gap is widening
✅ Middle class is shrinking
✅ Working class is struggling
✅ Billionaires are getting richer
Our democracy is really a PLUTOCRACY.
— Ryan Knight 🏳️🌈🗽 (@ProudResister) January 10, 2020
The tax cuts that were put into place by President Donald Trump and Republicans in Congress only serve to grow wealth inequality, not decrease it.
According to NPR, a person earning $1 million received 6.9 percent back in tax cuts from the bill that Trump signed into law in late 2017. Conversely, those who earn $50,000 — just $10,000 shy of the median income earned by Americans in 2019 — can expect a tax cut of less than 2 percent as a result of the bill that Trump and Republicans implemented.