Saturday, January 13, 2007

Widening American Rich-Poor Income Gap

Americans See Widening Rich-Poor Income Gap as Cause for Alarm by Matthew Benjamin

Americans overwhelmingly say the growing gap between rich and poor has become a serious national concern, a sentiment that may bolster Democrats' plans to narrow the income divide when they take control of Congress. Almost three-quarters of Americans believe inequality is a major issue, versus 24 percent who don't think so, according to a new Bloomberg/Los Angeles Times poll. Most of the concern is among Democrats and independent voters, though a majority of Republicans -- 55 percent -- also called the situation serious. ``Income inequality is widening quite rapidly,'' said Alice Rivlin, a former vice chairwoman of the Federal Reserve who's now a public policy professor at Georgetown University in Washington. ``It does matter to people that there are such unequal chances to get ahead.''

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