Income Inequality
Our government must provide equality of opportunity so that, every
American can be productive through his or her contribution of wealth-creating, income.
According to David Leonhardt, “Inequality Has Been Going on Forever…but That Doesn’t Mean It’s Inevitable” tries to explain that Americans have been living with rising income inequality for so long-in good and bad, under Republican presidents and Democratic ones-that it has come to seem inevitable” Gerald, Cathy, and Russel (542). The system needs to be reformed by policies that provide opportunities for ordinary Americans, justice for all Americans. Everyone should be able to be treated equal.
Inequality is nearly sky rocketing in today’s society and it’s not good.
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Inequality has risen throughout much of modern history with the notable exceptions of war, depressions, and their aftermath, when everyone was forced to rebuild from a more equal place …show more content…
No one wants to work hard to get to where they are just to see someone else not have to do anything to be at the same place. Hard working people won’t want to work hard if their neighbor is making just as much with the same job doing less. Working all day and getting the same as a bum on the street would not only anger someone it would infuriate them which, can lead to violence.
The last thing America needs is a war to bring back inequality when it fought so hard for equality. That is why it’s believed people should care about this ongoing issue but, not to overdo it. Some people know what is really right for this country and will do their best to equalize the Americans.
Gerald, Cathy, and Russel (543) believes that, “The rich separate themselves from everyone else perpetrating their wealth from one generation to the next as nobility of the past century did”. In this society, it appears that individual feel that, if I go it then you should get it; no one wants to help others. Gerald, Cathy, and Russel (545), emphasizes that, “When income or wealth is taxed at high rates, the rich are not able to save and accumulate as
Both Sklar and the Economist offer suggestions to improve the inequality in America, but unfortunately the inequality continues to grow. Sklar’s use of detailed facts about the richest Americans, the poorest Americans and her discussion of the impact on society add clarity to the Economist’s argument that the American dream is broken due to the inequality in America. Until the American government starts to make changes, the problem of inequality will continue to grow.
Jared Diamond makes a great and compelling argument about how inequality across the entire globe originated. The main components that were agreeing with this argument were guns germs and steel. Guns meaning the advancement in weaponry, military warfare and military sophistication. Germs meaning the harmful disease and other foul illness that wiped out humans throughout History. Then the third and final point steel, which was about the advancement in societies and the complex sophistication with their technology, which lead to building great architecture and devices that were completely impactful.
Throughout the years, “ U.S income inequality has been increasing steadily since the 1970s and now has reached levels not seen since 1928” (Source A).
“Confronting Inequality” by Paul Krugman opens up our eyes to the fact that, in America, we are becoming more and more unequal based on our standings in society. Our standings in society is directly related to amount of money that we make and what class our parents were in while we were growing up. However, being judged based on our parents’ status is not justifiable. America is full of injustice when it comes the social structure of it’s’ citizens. The majority of America used to belong to the middle class, now there is less middle class and a widening gap between the high class and the low class of people. Yet not much is being done to correct this injustice. In fact, it seems that the more we do, the farther the gap widens. Why is
With each class comes a certain level in financial standing, the lower class having the lowest income and the upper class having the highest income. According to Mantsios’ “Class in America” the wealthiest one percent of the American population hold thirty-four percent of the total national wealth and while this is going on nearly thirty-seven million Americans across the nation live in unrelenting poverty (Mantsios 284-6). There is a clear difference in the way that these two groups of people live, one is extreme poverty and the other extremely
Desilver, Drew. “U.S. Income inequality, On Rise for Decades, Is Now Highest Since 1928.” Pew Research Center RSS. N.p. 30 Dec. 2010.Web. 30Apr. 2014.
The first era of income inequality in the United States lasted from post-civil war to around 1937, but in the following ten years income inequality fell dramatically.
Income inequality in the United States, as of 2007, has reached levels not seen since 1928. In 1928, the top one percent received nearly 24% of all income within the United States (Volscho & Kelly, 2012). This percentage fell to nearly nine percent in 1975, but has risen to 23.5% as of 2007 (Volscho & Kelly, 2012). Meanwhile, in 2007 (see
One would expect that social equality would just be the norm in society today. Unfortunately, that is not the case. Three similar stories of how inequality and the hard reality of how America’s society and workforce is ran shows a bigger picture of the problems American’s have trying to make an honest living in today’s world. When someone thinks about the American dream, is this the way they pictured it? Is this what was envisioned for American’s when thinking about what the future held? The three authors in these articles don’t believe so, and they are pretty sure American’s didn’t either. Bob Herbert in his article “Hiding from Reality” probably makes the most honest and correct statement, “We’re in denial about the extent of the rot in the system, and the effort that would be required to turn things around” (564).
Divisions within the social stratum is a characteristic of societies in various cultures and has been present throughout history. During the middle ages, the medieval feudal system prevailed, characterized by kings and queens reigning over the peasantry. Similarly, in today’s society, corporate feudalism, otherwise known as Capitalism, consists of wealthy elites dominating over the working poor. Class divisions became most evident during America’s Gilded Age and Progressive era, a period in time in which the rich became richer via exploitation of the fruits of labor that the poor persistently toiled to earn. As a result, many Americans grew compelled to ask the question on everyone’s mind: what do the rich owe the poor? According to wealthy
In Confronting Inequality, Paul Krugman discusses the cost of inequality and possible solutions. Krugman argues to say that it is a fantasy to believe the rich live just like the middle class. Then, he goes into detail about how middle class families struggle to try to give their children a better life and how education plays a factor in children’s future lives. For example, children’s ability to move into higher education could be affected by their parents economic status. Also, He discusses how politicians play a role in the inequality, because most of politicians are in the upper economic class. Finally, Krugman says how we could possibly have solutions to these various inequalities, but how America won’t get
...ment, income inequality will exist due to the rise of some economically successful people and the further development of factors that push people into poverty. Although it may not seem fair that there are rich people blowing money on impractical and meaningless things while people live in poverty, it’s a reality that the United States has experienced for centuries.
“Why the Rich are getting Richer and the Poor, Poorer” written by Robert Reich, describes as the title says, why the rich are getting richer and the poor, poorer. In Reich’s essay he delves into numerous reasons and gives examples of each. It makes one wonder if the world will continue on the path of complete economic separation between the rich and the poor.
There are many rich and poor people in the world today, in our own country and in others. We have classified by how much they can afford and they are put into a class system. It’s hard for everyone in a country to be equal in the sense of how much money they make. Adriana Delgado says, “The vast differences between the rich and the poor, the powerful and the powerless, will be the catalyst for the best intentions to be rewarded with ungratefulness and contempt, creating resentment and mistrust between the classes.” there is always going to be problems between the rich and poor, because one sometimes is held higher than the
Income inequality continues to increase in today’s world, especially in the United States. Income inequality means the unequal distribution between individuals’ assets, wealth, or income. In the Twilight of the Elites, Christopher Hayes, a liberal journalist, states the inequality gap between the rich and the poor are increasing widening, and there need to have things done - tax the rich, provide better education - in order to shortening the inequality gap. America is a meritocratic country, which means that everybody has equal opportunity to be successful regardless of their class privileges or wealth. However, equality of opportunity does not equal equality of outcomes. People are having more opportunities to find a better job, but their incomes are a lot less compared to the top ten percent rich people. In this way, the poor people will never climb up the ladder to high status and become millionaires. Therefore, the government needs to increase all the tax rates on rich people in order to reduce income inequality.