How did the current and previous presidents handle the problem? What would you do differently?

The current president handled the problem by introducing a tax cut for wealthy individuals and businesses, as well as cutting government spending on healthcare, education and other vital services. This approach failed to address the underlying issues of inequality affecting many across the country and instead focused solely on stimulating economic growth through short-term measures. The prior administration attempted to tackle this issue head-on by instituting a more progressive taxation system which asked higher earners to contribute more towards social programs; however, this was met with considerable opposition as it was perceived by some to be unfair or too burdensome.

If I were in charge of solving this problem I would focus primarily on job creation initiatives while also providing targeted assistance to those who need it most. This could involve investing in industries that offer higher wages such as manufacturing or technology; increasing financial aid programs for students; offering incentives for small businesses; and expanding access to resources like healthcare or housing assistance. By taking a comprehensive approach backed up concrete action steps, I believe we can begin to make progress towards achieving greater economic equality within our country.