Majority favor wealth redistribution

About six in 10 Americans believe that money and wealth should be more evenly distributed among a larger percentage of the people in the U.S., while one-third think the current distribution is fair, reports the Gallup Organization today.images-1

“Although Americans’ attitudes on this topic have fluctuated somewhat over time, the current sentiment is virtually the same as when Gallup first asked this question in 1984. Slightly fewer have favored a more even distribution since October 2008.

“The range in the percentage saying wealth should be “more evenly distributed” has been relatively narrow over time, from a low of 56% in 2000 to a high of 68% in April 2008.

“Gallup has asked the question at least once during the administration of three Republican presidents — Ronald Reagan, George H.W. Bush, and George W. Bush — and two Democrats, Bill Clinton and Barack Obama. But there is no generally consistent pattern across these administrations. For example, the slightly lower percentage favoring a more even distribution during the Obama administration started in the final year of George W. Bush’s administration — after the onset of the financial crisis. Continue reading “Majority favor wealth redistribution”