Socialism could help solve the growing gap between rich and poor in our society.
Right now, the U.S. Federal Reserve says that the top 1% of households own about 32% of all the wealth, while the bottom 50% only have 2%.
Fair Taxes: If we tax rich people more, it can help spread the money around. For example, raising taxes on income over 720 billion each year.
Healthcare for Everyone: Countries like those in Northern Europe provide healthcare that is paid for by the government. This could lower medical costs for people. In the U.S., healthcare takes up almost 18% of the economy, and this hits low-income families the hardest.
Living Wages: Raising the minimum wage to $15 an hour could help around 33 million workers in the U.S. and lift about 1.3 million people out of poverty.
Public Control of Important Services: If the community owns essential services, it could create jobs and make sure everyone has equal access, helping to reduce the wealth gap.
By focusing on these ideas, socialism aims to address the main issues causing economic inequality.
Socialism could help solve the growing gap between rich and poor in our society.
Right now, the U.S. Federal Reserve says that the top 1% of households own about 32% of all the wealth, while the bottom 50% only have 2%.
Fair Taxes: If we tax rich people more, it can help spread the money around. For example, raising taxes on income over 720 billion each year.
Healthcare for Everyone: Countries like those in Northern Europe provide healthcare that is paid for by the government. This could lower medical costs for people. In the U.S., healthcare takes up almost 18% of the economy, and this hits low-income families the hardest.
Living Wages: Raising the minimum wage to $15 an hour could help around 33 million workers in the U.S. and lift about 1.3 million people out of poverty.
Public Control of Important Services: If the community owns essential services, it could create jobs and make sure everyone has equal access, helping to reduce the wealth gap.
By focusing on these ideas, socialism aims to address the main issues causing economic inequality.