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Practice Reading: Fill in The Blanks (Drag & Drop) ID: #37193 Economic Inequality
Instructions
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For  the  past  thirty  years,  the  United  States  has  been    what  one  observer  (Samuelson  2001)  has  called  a  massive  social  experiment  regarding  the  political  and  social  consequences  of  increasing  economic  inequality.  The  share  of  national  income  going  to  families  in  the  bottom  40  percent  of  the  income  distribution    by  about  one-fifth,  from  17.4%  in  1973  to  13.9%  in  2001,  while  the  share  going  to  families  in  the  top  5  percent  increased  by  more  than  one-third,  from  15.5%  to  21.0%  (Mishel,  Bernstein,  and  Boushey  2003).  And  ,  the  share  of  income  going  to  the  top  one-tenth  of  one  percent  quadrupled  between  1970  and  1998,  leaving  the  13,000  richest  families  in  America  with  almost  as  much  income  as  the  20  million  poorest  families  (Krugman  2002).  The  economic  causes  of  technological  change,  demography  and  global  competition  are  a  matter  of  some  scholarly  controversy.  But  the  important  political  point  is  that,  whereas  most  rich  democracies  have  significantly  mitigated  increasing  economic  inequality  through  government  action,  the  United  States  has  mostly  been  content  to  let  economic  trends  take  their  course,  doing  less  than  almost  any  other  rich  democracy  to    economic  inequality  through  employment  and  wage  policies,  taxes,  and  transfers.

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