On a day of honoring US democracy, concerns arise among many Americans
4th of July is celebrated as the USA's Independence Day every year. It is a day to commemorate the ratification of the Declaration of Independence on July 4th, 1776.
The day is usually celebrated with concerts, family unions, picnics, family parades, and fireworks.
But, something is amiss this year.
It is the disillusionment of many American voters and the public in general with the state of the economy.
The gap between the rich and the poor is increasing disproportionately.
According to www.sanders.senate.gov, the top 1% now own more wealth than the bottom 92%.
The income gap between the rich and poor widened in more than half of U.S. metro areas from 2018 to 2022.
— Social Explorer (@socialexplorer) June 19, 2024
Explore the data, trends, and what this means for our cities.
Read more here: https://t.co/rru0S838Kk#IncomeInequality #Economics
Surely, the trickle-down theory is not working.
As observed in the last two decades, the policies of both the Democratic party and the Republican party have been focused more on external affairs rather than what is going on inside the country.
There are more than 650000 homeless people in the USA according to the Department of Housing and Urban Development and this figure is increasing each year.
Add to this the woe of inflation which is quickly eating into the savings of the middle class.
These are the reasons why the common man is not as happy as he should be.