Argumentative Essay On Income Inequality

Income inequality is one of the most important issues in today’s society. Economists and social scientists have always been arguing about the repercussions of inequality on nation states. Although for many years inequality was seen only strictly as an economic phenomena, Recently major scholars have been arguing that inequality is a threat to democracy and political representation. Regarding this growing topic, different books have been published in order to increase awareness among the ignorant civil society. For example, in 2010 scholar Larry M. Bartels, political scientist professor at Princeton University, published a book called, ”Unequal Democracy: The Political Economy of the New Gilded Age.” In his book Bartels studies the path of income inequality in the American society, and he shows that the gap between the rich and poor has increased greatly under Republican …show more content…
He argues that since President Regan took office in 1981, taxes on top incomes have drastically decreased. People can find Reich’s documentary many proofs to support the idea presented by Bartels in his book. In fact, although Democrats were able to slightly diminish the income gap, they have never been able to reverse the tax trend, which has been constantly moving from top income to middle class income. Incredibly, the top 1% of the society, which owns 40% of American national wealth, only pays a small amount of taxes compared to middle class income, which accounts for most of the American tax budget. (Kornbluth) Therefore people should start asking a question, why the 99% of the American population has not been able to raise its voice and push lawmakers to change this path? The answer is easy, and Nobel Prize NYU’s Economist. Mr Paul Krugman gives us the answer,” Big money buy big influence” (What the 1% Don’t Want Us to