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Let's not forget we are talking about a land that the ancient Greeks could not believe when they landed: such a paradise of luscious food, but because of the massive inequality of rich and poor, there were times when many people had very little to eat.
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The United States has the highest inequality of the richest nations.
"It is alarming to see hotbeds of tension and conflict caused by growing instances of inequality between rich and poor, by the prevalence of a selfish and individualistic mindset which also finds expression in an unregulated financial capitalism," he said.
The negative impacts include an increase of inequality between rich and poor, an overall worsening of the livelihood situation for the majority of farming households, and environmental degradation of the Ganges and Gorai River Basins in Bangladesh.
Piketty (2014) and Stiglitz (2013) explain that the rise of inequality in rich countries is due to the increasing gap of the income share between the 1% and the 99%.
Yet a new line of psychological research suggests there's another victim of inequality: the rich themselves.
Actually, the new findings suggest, higher-income people are less generous only when they live in a place that has high levels of inequality between rich and poor.
Unprecedented growth has boosted construction by 18% and vehicle sales by more than 50%, but the level of inequality between rich and poor remains almost unchanged.
Compared to all industrialized nations, the United States has the largest gap of inequality between rich and poor populations.
There is plenty of debate about inequality in rich countries; much of the discussion focuses on the impact of traditional macro-economic factors, such as skills and wages, tax policy and so on.
To untangle the facts about local income inequality, we compared the incomes of rich, median, and poor households in the 100 largest metros in 2012, 2006, 2000 and 1990, using Census data (see note below).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com