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How Bad Is It? Worse Than You Think

Let us know how you’ve felt the impact of growing inequality.

by Patriotic Millionaires | 4.29.19

Nowhere in the world is inequality as visible as from the airspace between the Royal Nairobi Golf Club and the neighboring slum of Kibera. Kenyan oligarchs stroll the manicured greens, dealing away the nation’s future between swings of the club. When they overshoot, their golf balls often strike in Kibera, one of the poorest places in the world.

Here at home, American life expectancy has gone down in several recent years, a baffling turn for the world’s wealthiest nation. As workers slide into joblessness and poverty, opioid abuse takes root, cutting lives short. Premature deaths due to drugs, alcohol, and suicide account for virtually the entire reduction in life expectancy.

These realities are part of a greater trend of widening global inequality. In the last ten years, the number of billionaires in the world has doubled. Today, 26 people have as much wealth as the poorest half of humanity, and this concentration of wealth has devastating effects on the lives of ordinary people. 262 million children go uneducated, 10,000 die from lack of access to healthcare, and yet the super wealthy continue to insist on accumulating more wealth; between 2017 and 2018, a new billionaire was created every two days.

We cannot afford to wait around for the wealth-hoarders of the world to find their inner generosity. Our current situation demands decisive action, and that means taxation. When the wealthy pay their fair share, governments can invest in their people, giving ordinary folks a fair shot at prosperity.

Patriotic Millionaires

Written by Patriotic Millionaires

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