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How income inequality affects Central Texans

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WACO -

Income inequality has been a hot topic nationally and Texas is no stranger.

The state is ranked in the top ten in disparity between the amount of money in the super rich and in the middle and lower classes. Central Texas counties, though, aren't as high with McLennan County about in the middle and Bell pretty low. Baylor political professor Patrick Flavin says that's because bigger cities like Dallas have the highest income inequality.

If you'd like to see where your county ranks click here.

Flavin also says this disparity is not necessarily bad, but there is a point where it could be.

"As more and more money is concentrated in fewer people, there's less people to buy those goods. That means fewer jobs to make those products so I think that's where the regular citizen should be concerned about income inequality," Flavin said.

Flavin says that point is up to debate between the Republican and Democratic parties.

"The president would prefer a lower level of inequality than we have right now whereas republicans in Congress might say where we're at is probably just fine," Flavin said.

Flavin says there are a few political ways to decrease income inequality. Those are increasing minimum wages and increasing taxes on the rich. According to the Congressional Budget Office, income inequality after taxes has increased over the last 40 years.

If you'd like to see more information on the trends of income inequality, click here.

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