Income gap

Free market capitalism is the most successful type of government ever created. It gives the freedom to be all you can be. Each person will excel based on their life’s experience which by definition means there will be as many outcomes as there are people. From a worldly standpoint some will be more successful than others which means you will not have equal results. Over time some will amass large fortunes while others will have very little. At some point those who have will, either by choice or by law, take steps to spread the wealth around. The US has reached this point and the time has come to reduce the gap between the haves and the have nots. The vast majority of people are in the low and lower middle-income group and they need a safety net and a leg up. Like President Clinton said, welfare should be a helping hand and not a way of life. There is a need for a way to transfer wealth and there are several ways to accomplish this. One is to change the laws that allow the rich to pass on their estate to their heirs without cost. Looking from the other side the country needs to create new high paying jobs with benefits. Using the new technology along with AI the new jobs will be more productive which leads to higher wages. As the country goes through the process of re-industrialization leading to increased productivity the stage is set to close the gap.