Unfair Income Inequality

Introduction For several years now, Americans have been struggling in today’s economy simply due to unfair income distribution. Income inequality is a growing issue today and many economists have noticed that this issue needs to be resolved in order to see steady improvement with the economy. Barack Obama even addressed the issue himself and stated that income inequality is now the main reason why the economy has yet to make a major improvement over the years. Which makes sense in economic terms, in order to spend money, an individual must have the income to do so which then provides the citizen more confidence to spend money thus help generating the GDP of the country. Income inequality is not a topic that hasn’t been addressed before, however …show more content…
The U.S news addressed the issue regarding how unequal income distribution could have a major impact to the middle class and economic mobility. According to Susan Milligan, most Americans do not consider themselves at least part of the middle class and with the statistics, numbers show that 51 percent of Americans believe themselves to be below the middle class. Susan Milligan also addressed that the culprits to this issue is strictly because of GOP members in the republican side that refuse to fund social safety net programs, raise state and federal minimum wages, and tax breaks to the wealthy. Also the author states an interesting fact that during the Bill Clinton era the economy grew rapidly and surplus was being produced the economy and citizens were comfortable spending money in addition to the fact that the gap between the wealthy and the middle class wasn’t that large compared to today’s economy. What’s interesting is that it’s actually the middle class that has the major impact on the economy as a whole but not the wealthy sector. But why has there been a larger gap between the two classes and why are jobs becoming more limited today? That has to do mainly …show more content…
In order to win the trust and support of the United States community, adjusting the income issue would be a great way to start. By offering more jobs to the middle class and cut income taxes would be helpful. When the minimum wage is increased and workers are able to receive paychecks where most of their hard work earnings are kept rather taken away by high income taxes, this could lead to a better beginning in generating the economy to the good old days where every citizen could make a living instead of struggling to