Research results that 'in the United States, the top 1% of millionaires have rolled up more than 5,200 trillion yen from the bottom'

As of February 11, 2021, the total number of people infected with the new coronavirus infection (COVID-19) in the United States was over 27.4 million, and the total number of deaths was over 470,000. The number of newly infected people has passed the peak and is declining, but the situation is still 'about 100,000 people a day'. Regarding such a disaster, the big letter TIME of the United States points out that 'the problem that' the top 1% of millionaires have rolled up 50 trillion dollars (about 5240 trillion yen) from the bottom layer 'is the basis.'

America's 1% Has Taken $ 50 Trillion From the Bottom 90% | Time
https://time.com/5888024/50-trillion-income-inequality-america/

The TIME point is based on a study by the think-tank Rand Corporation, which is also known for producing Kenneth Arrow , Herbert Simon , John Nash , and former Secretary of Defense Donald Rumsfeld . In 2020, Carter Price and Kathryn Edward of the Institute said, 'Inequality in taxable income has increased, and the bottom 90% of income will add a total of $ 47 trillion (about 4930 trillion yen) from 1975 to 2018. Has been paid to. ' This inequality was $ 2.5 trillion in the most recent 2018, so if we consider that the same trend will continue in 2019 and 2020, it will total $ 50 trillion by 2020. It is calculated that the bottom 90% of income has been paid for (about 5240 trillion yen) or more.

Trends in Income From 1975 to 2018 | RAND
https://www.rand.org/pubs/working_papers/WRA516-1.html

Price and colleagues argue that taxable income was almost equal for about 30 years after the war from 1947 to 1975, and the poorest and richest people enjoyed the same economic growth, but after that, the millionaires with the top 1% of income. It is said that only the situation has changed to enjoy economic growth. For example, a typical black man with an annual income of $ 35,000 earns $ 26,000 less than if the redistribution of wealth were fair. For an engineer with an annual income of $ 72,000 (about 7.5 million yen), the annual income is less than $ 48,000 to $ 63,000 (about 5 to 6.6 million yen). The disparity of $ 2.5 trillion as of 2018 is equivalent to 12% of US GDP, and 'pay $ 1,144 (about 119,900 yen) monthly to the bottom 90% of US income.' It is the amount that can be done.

Regarding the annual income when 25-54 years old, which is defined as the prime of work, worked full-time, in 1975 and 2018, the last years when taxable income was almost equal, and in reality, `` Counterfactual ( Below is a table comparing the three '2018) with equal taxable income. The median annual income is $ 42,000 (about 4.4 million yen) in 1975 and $ 50,000 (about 5.2 million yen) in 2018, but suppose that taxable income is equal and economic growth is enjoyed equally. If possible, it could have been $ 92,000 (about 9.6 million yen). On the other hand, the Top 1% Mean (average value of the top 1% of income) was 289,000 dollars (about 30.2 million yen) in 1975 and 1,384,000 dollars (about 145 million yen) in 2018, but tentatively If the taxable income was equal, it would have been 630,000 dollars (about 66 million yen). Since 1975, it was an era in which the top 1% of people with income continued to grow overwhelmingly with unequal taxable income as a tailwind.

In addition to the problem of poverty reproduction, where the children of low-income couples have low incomes, low-income is now directly linked to the problem of life and death. Low-income earners often have underlying diseases such as hypertension and diabetes that increase the risk of COVID-19 becoming more serious, and they cannot perform remote work to prevent infection. Due to the high medical costs in the United States, COVID-19 The situation is that appropriate treatment cannot be received at the time of infection. It is said that the current situation where the influence of COVID-19 is particularly large in blacks and Latins, who have many low-income groups, is due to such socio-economic disparity.

The TIME newspaper told the Biden administration, which was newly appointed president in January 2021, 'I hope to tackle the problem boldly enough to overturn history,' or the American political and economic systems will collapse at the same time. It says it will.

According to a study by Price et al., There are some areas where inequality has been corrected since 1975. One example is the 'gender gap', where White Men and White Women earned $ 38,000 in 1975 for men and $ 15,000 for women (about 3.98 million yen). Women's income was only about 31% of men's income (about 1.57 million yen), but in 2018, men's income was 44,000 dollars (about 4.61 million yen) and women's income was 30,000 dollars (about 3.14 million yen). Women's income reaches 68% of men's. Similarly, racial disparities have been shrinking in recent years.