Inequality Had So Many Reasons

The world mostly works on capitalist economic systems. A gentle disclaimer that I don't want to fight between capitalism and communism here. Rather I want to talk about some things that people don't really consider when they want someone to blame. Back in the '70s when the end of the gold standard was in order and I don't mean that figuratively, what I mean is from the introduction of the Bretton Woods system, the gold standard was dead in every sense of the word. Since then, all the world's currencies have been pegged to the US dollar instead of gold. Obviously everyone knows that and everyone knows the consequences and everyone has their own versions of how the system is wrong and that we should move back to the gold standard many many years ago. I personally think that in respect to everyone's opinion, they are but partially correct. ---  [Source](https://pixabay.com/illustrations/dollar-money-us-dollar-arrangement-1443244/) --- Obviously since the gold standard was abolished and the reserve currency, the USD had stopped converting itself with gold, USD became the the weight of the world's assets before which it was measured in gold and from went on It would be measured in USD. So essentially wealth creation became easy. You could simply print a lot of money and since you are the reserve and you didn't owe a financial explanation to anyone, there was no one to question you. So obviously the economy boomed in markets where USD was the main currency. This drove up inequalities. Now that is what everyone believes. But I believe there are even bigger reasons. About 10 years later, In the '80s, taxes for the wealthy were lowered. Which meant less tax on income so the wealthy people got to keep more of their money. There was a push towards deregulation. Which meant people could do whatever they want. There was also relaxation on breaking up monopolies. Which only meant that the rich got richer and the poor got nowhere. Along with that the price of gold skyrocketed because it was not now pegged to anything. Which in turn made the dollar more weak because regular people said their price of their products in accordance to the gold prices. Because everyone in their minds was calculating money by gold. And people do this even today as well. Oil prices also shot up with the combined effect of them not accepting paper money which had no backing instead of traditionally being backed by gold, and the oil crisis. All the reasons which I talked about above, apart from the famous Bretton Woods meeting, is a very direct reason for the vast inequality of income which we see today. And I'm afraid it'll probably not go away in a long long time. So guess you're stuck if you're stuck.