For those who believe income inequality is a major issue with capitalism, Cuba provides a perfect example of how socialism and communism conquered this problem. The communist Castro dictatorship has achieved income equality in Cuba by ensuring — at the point of a rifle — everyone is equally poor and miserable. The probabilities of any Cuban reaching any economic class higher than impoverished without being an elite of the communist party or having political connections to those in power on the island are slim to none.
While some may believe income equality is a monumental and nearly impossible task, Cuba’s Castro dictatorship has shown that is quite easy. All you need to do is have the state confiscate all the money, property, and assets of the population and turn everyone into a pauper.
Everyone is equally poor, except of course, those in power who are doing the confiscating. They get to live like kings, jet-set around the world, hang out with celebrities, and enjoy yacht vacations on the Mediterranean. But if you really want to stamp out “income inequality” and make the masses economically equal, that is the price you will have to pay.
Income equality? A very idealistic notion, but, in communist nations like Cuba, well, equality of destitution is the reality
Cuba has income equality. Verifying this requires a careful look at the data. Most sources – for example, Brookings – cite a per capita income of about $240 per year. Wikipedia cites about $22,000 per year, so be careful with your information sources. The government employs 78% of the workers, so there is little opportunity to get an income very different from the average. How can people survive on a salary of practically nothing? Thanks to the government, Cubans get free food and medicine. They get subsidies for virtually everything they might buy. As a result, someone getting no salary is only slightly worse off than someone with a relatively high income. In all practicality, Cuba has as close to income equality as a society can provide.
Cuba also has abject poverty and child prostitution. Before the 1959 revolution, Cuba exported $780 million (1959 dollars) of goods, mostly food. Now it imports 70% to 80% of the food that it consumes. The result is that Cubans risk their lives in shark-infested waters to escape.
See equality works, and all it will cost you is any chance of prosperity, and liberty.