A passionate argument on behalf of the middle class, INEQUALITY FOR ALL features Robert Reich – professor, best-selling author, and Clinton cabinet member – as he demonstrates how the widening income gap has a devastating impact on the American economy.
Inequality for All is a 2013 documentary film directed by Jacob Kornbluth and narrated by American economist, author and professor Robert Reich.
Something happened in the late 1970s.
— Robert Reich
Inequality for All is based on Reich’s 2010 book Aftershock: The Next Economy and America’s Future, the film examines widening income inequality in the United States. The film shows several working people with less than $100 in their bank accounts.
Reich publicly argued about the issue of income inequality for decades, and producing a film of his viewpoints was a “final frontier” for him. In addition to being a social issue documentary, Inequality for All is also partially a biopic regarding Reich’s early life and his time as Secretary of Labor under Bill Clinton’s presidency. Bill Clinton and Robert Reich were friends in college. Warren Buffett and Nick Hanauer, two entrepreneurs and investors in the top 1%, are interviewed in the film supporting Reich’s belief of an economy that benefits all citizens, include those of the middle and lower classes.
Reich compares a Virtuous Cycle to a Vicious Cycle where the Virtuous Cycle builds income and prosperity (good jobs, good wages, good opportunities) of the Middle Class and the Vicious Cycle involves company downsizing, lower wages and poverty.
In a “Virtuous cycle” with adequate wages and taxes, the result is more investments in government programs, a more college-educated population, and consumer spending creating more jobs. The United States economy was in this cycle in the 1940s and 1970s, but that changed starting in the late 1970s as a result of union-busting, tax cuts, deregulation, job outsourcing, globalization, and other changes in the system meant to increase Wall Street’s profits. The system resulted in a decline of average worker pay and an increase in the amount of average income for top-earners from 1978 to 2010, and the clash of the 1% and the 99%.
Along with income equality, the situation degenerated into the power and wealth influence of lobbyists that brought money and power to abuse and corrupt political decisions.
^^ MOBILE? USE VOICE MIC ^^
Please ‘LIKE’ the ‘Arlington Cardinal Page. See all of The Cardinal Facebook fan pages at Arlingtoncardinal.com/about/facebook …
Help fund The Cardinal Arlingtoncardinal.com/sponsor
THANKS FOR READING CARDINAL NEWS