The decade in the United States was a time of great innovation.
And as we’ve been told countless times, the ’80s and ’90-era ushered in the most progressive era of our lifetimes.
That was thanks to the ’00s and 2000s, when we saw unprecedented growth and technological advancement.
The world was on the cusp of a new golden age of consumerism, and the ’10s and the last decade saw a stunning rise in our standard of living, from the great financial crisis of 2008 to the Great Recession of 2014.
As I wrote at the time, it was “the most transformative decade of our history.”
But it’s not only that we have been able to experience such unprecedented growth.
We’ve also been able, thanks to a combination of factors, to enjoy a better quality of life.
The ’90, ’00, and ’10 saw the emergence of a generation of young, empowered women, who were more empowered and self-reliant than ever before.
We also saw the resurgence of a growing middle class that was being fed a much healthier diet, with access to healthier foods, better quality medicine, and greater economic security.
These trends have only continued.
And it’s thanks to those trends that our country continues to thrive today.
The new normal in the US We all know what the new normal is in America: the rising tide of inequality, the widening gap between the haves and the have-nots, the increasingly polarized political system, and increasingly unstable political culture.
It’s been a particularly bleak decade for Americans of color, who have been the most impacted by the recession, the loss of our middle class, and a lack of opportunity.
In 2017, for the first time in decades, black men accounted for nearly a quarter of all American households.
The same year, the median household income for white men was $57,000; for black men, it jumped to $75,000.
But as the middle class continues to decline, the gap between rich and poor, between the well-off and the less-well-off, between those who have money and those who don’t is widening.
The top 1 percent of Americans have seen their share of national income grow from 18 percent in 1950 to 29 percent in 2017, according to the Tax Policy Center, a nonprofit research and advocacy organization.
For working-class Americans, that number rose from 5 percent to 16 percent.
For the middle-class, it climbed from 16 percent to 24 percent.
The richest Americans have also seen their incomes grow.
In 2016, the top 1% of earners in the U.S. captured almost half of all income gains.
By 2020, that figure will reach almost two-thirds of all U.A.C.S.-eligible income.
Meanwhile, the bottom 90 percent of earners will see their share drop from 24 percent in 2016 to 19 percent by 2020.
The gap between high- and low-income Americans is widening at an alarming rate.
As The Washington Post recently reported, the poverty rate in the country has reached a record high of 32 percent in 2021, while the national poverty rate reached 9 percent in 2014.
So why did it take so long for things to change?
As I’ve written before, the reason is simple: The rich have always gotten richer.
But since the 1990s, it’s gotten harder for the middle classes to climb out of the economic abyss.
As we’ve seen, the Great Financial Crisis of 2008 pushed income inequality in the USA to the stratosphere, as the top 10 percent of households saw their share rise from 19 percent in 1990 to nearly 30 percent by 2021.
And during the Great Depression, the economic recovery was largely driven by the rise of the middle and lower classes, who took a larger share of income gains than their forebears did during the Depression.
That trend continued through the Great Economic Recession of 2009-2010, with the bottom 99 percent of the economy gaining nearly a fifth of their income.
This was the period that saw the greatest gains in economic freedom for working- and middle-classes Americans, and it also coincided with the most devastating economic downturn since the Great War.
While the economic situation for working people and middle class Americans during this period was good, it certainly wasn’t good enough.
And that’s why, in the face of this crisis, President Donald Trump was forced to act, and to enact sweeping policies aimed at curbing the growing gap between wealthy and poor.
The policies included a $1.5 trillion tax cut, the elimination of Obamacare’s employer mandate, and several other economic measures aimed at reducing the wealth gap between workers and their employers.
But the most dramatic and important policy was the repeal of the federal inheritance tax.
It was the only major piece of legislation Trump passed in 2017 that didn’t raise taxes on individuals, or on corporations.
This is because the inheritance tax is