Thread by @highbrow_nobrow

1/7 📉 The late 90s and 2000s were characterized by low interest rates and tax cuts.

While these policies were intended to stimulate the economy, they’ve also had significant implications for wealth inequality in the United States. #economics #inequality

2/7 💵 Low interest rates make borrowing cheaper.

This can benefit wealthy individuals and corporations who have access to credit, enabling them to invest in businesses, real estate, and other assets that can generate wealth. #interestrates #wealthgap

3/7 🏦 For ordinary Americans, however, low interest rates can mean reduced returns on savings.

With little to no growth on their savings, it becomes harder for the middle class to build wealth. #savings #middleclass

4/7 💰 Tax cuts, particularly those favoring the wealthy, have exacerbated this trend.

By reducing the tax burden on high earners and corporations, these policies have allowed the rich to accumulate wealth at a faster rate. #taxcuts #wealthdisparity

5/7 👥 This acceleration of wealth among the wealthiest, coupled with stagnant or slow wealth growth for the middle and lower classes, has increased wealth inequality in the United States. #incomeinequality #wealthinequality

6/7 🔄 While low interest rates and tax cuts can stimulate economic growth in the short term, it’s essential to consider their long-term implications on wealth distribution and inequality. #economicpolicy #longtermimpact

7/7 🏛 Policy changes that address this imbalance could include progressive tax reforms and investment in public services that support wealth creation for all Americans, not just the few at the top. #policychange #progressivetax

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