Income Inequality in 2014

The American political system as it is currently constructed is wildly unprepared to focus in any meaningful way on income inequality. The fact that a few platitudes by a Democratic president qualified as a major statement on income inequality is evidence of this. The political system is defined by one party that is committed essentially to making the economically powerful richer and more powerful, and another that is too timid and too dominated by moneyed interests of their own to be able to take a strong position on income inequality. Democrats may be more willing to address issues like marginal tax rates or extending benefits to the unemployed, but these proposals, while generally positive, clearly do not seek to address the fundamental problem of income inequality.