There is no justification for a regressive system in which the super-rich contribute less than the rest of us<\/p>\n
Today, we have more income and wealth inequality than ever before. New York City\u2019s average household income is $131,000<\/a>. Without extreme inequality, residents could live reasonably well. Instead, a few people at the top of the income ladder capture enormous wealth, while millions of others struggle just to get by. Some simply can\u2019t make it. For them, New York has become fundamentally unaffordable.<\/p>\n This outsized level of inequality has enormous economic, political and social consequences. It undermines social and political cohesion, erodes trust in institutions and leads people to conclude, correctly, that the system is rigged.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" There is no justification for a regressive system in which the super-rich contribute less than the rest of us Today, we have more income and wealth inequality than ever before. New York City\u2019s average household income is $131,000. Without extreme inequality, residents could live reasonably well. Instead, a few people at the top of the … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-71761","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/71761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=71761"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/71761\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=71761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=71761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=71761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}