Severe income inequality DECREASES, not increases, the chances of the poor and middle class to get ahead, not that Libretario Cowen would care much; as an extreme libertarian he’d rather have massive suffering, loss, and decreased growth rather than give up even a tiny amount of personal freedom.
It DECREASES the chance to get ahead when you have to work 40 hours per week while going to college full time, thus having far less time to study, learn, and succeed. Studies have shown that this substantially reduces the odds of graduating, as well as learning, and GPA. But, hey, let’s cut college aid even further, so we have even more income inequality!
It DECREASES the chance to get ahead when poor – and middle class – children have no health insurance, so they grow up sicker, and more poorly developed mentally and physically, and when their mothers can’t afford to spend the time to breastfeed due to work, or to buy and cook the healthier foods, whole fruits and vegetables. Or when they have to live in more and more polluted areas because of Republican deregulation. But, hey, no problem, the rich can afford to move away from the pollution. It’s only the children of the poor – and middle class – who as a result will be sicker, dumber, and more likely to suffer from behavioral problems.
It DECREASES the chance to get ahead when poor and middle class children can’t go to pre-school because their parents can’t afford it, or they can only afford day care which just sits them in front of the TV because that’s a lot less time consuming and expensive than teaching.
It DECREASES the chance to get ahead when little regulated for-profit schools can prey on unknowing young people with promises of great careers from substandard education that does little to increase earnings, but costs 10 times as much as GOVERNMENT community colleges, and is financed with loan shark private student loans that can quickly grow exponentially so they’re impossible to ever pay off, but thanks to the Republicans can never be escaped in bankruptcy – Welcome back indentured servitude! Always nice to ruin lives before they can even get started, and the poor kid has any idea even what’s going on. But hey, Pure Free Market! And better to ruin a billion lives than give up even one micron of personal freedom, right Libretario?