Income Inequality not inevitable: Annotated Bibliography of Income Inequality
White collar, blue collar, or no collar. This is the hand dealt to millions of Americans who face the daily hypocrisy of our modern system of income ‘equality’. The fact that the middle class once enjoyed the equal distribution of wealth is now almost nonexistent. As the years have gone by, the level of income inequality has increased and so has the poverty. There is no equality for those who make up most of the middle class. Not only that, but the distribution of wealth today making the rich, richer and the poor, poorer. That’s where justice isn’t justice anymore when money is the subject. “While the wealthiest 400 Americans have the same combined wealth as the poorest half-over 150 million people” (Lansely, 2013). While, the statistics don’t lie, it’s also true that this desire to compete …show more content…
The author describes how the statistics shown on the graph forgets to include all the other factors which also determine the income of people. The stagnation of the income over the years is based on the tax return data which can be really misleading. What he also mentions is that at times, when the middle and the lower classes aren’t included in the tax return, then the income of the higher class is simply being exaggerated. Reynolds is making a claim which simply can’t be ignored and is something definitely to take in consideration in relation to income inequality. Although what he is stating does make sense, but what he doesn’t explain is the fact that how top 400 rich own as much as bottom 150 million people. Which is a statistic that’s inexcusable.
Leslie Davis. "The Wealthy Profit at the Expense of the Poor and Middle Classes." At Issue: Are America’s Wealthy Too Powerful? Ed. Ronald D. Lankford, Jr. Detroit: Greenhaven Press, 2011. Opposing Viewpoints Resource Center.
White collar, blue collar, or no collar. This is the hand dealt to millions of Americans who face the daily hypocrisy of our modern system of income ‘equality’. The fact that the middle class once enjoyed the equal distribution of wealth is now almost nonexistent. As the years have gone by, the level of income inequality has increased and so has the poverty. There is no equality for those who make up most of the middle class. Not only that, but the distribution of wealth today making the rich, richer and the poor, poorer. That’s where justice isn’t justice anymore when money is the subject. “While the wealthiest 400 Americans have the same combined wealth as the poorest half-over 150 million people” (Lansely, 2013). While, the statistics don’t lie, it’s also true that this desire to compete …show more content…
The author describes how the statistics shown on the graph forgets to include all the other factors which also determine the income of people. The stagnation of the income over the years is based on the tax return data which can be really misleading. What he also mentions is that at times, when the middle and the lower classes aren’t included in the tax return, then the income of the higher class is simply being exaggerated. Reynolds is making a claim which simply can’t be ignored and is something definitely to take in consideration in relation to income inequality. Although what he is stating does make sense, but what he doesn’t explain is the fact that how top 400 rich own as much as bottom 150 million people. Which is a statistic that’s inexcusable.
Leslie Davis. "The Wealthy Profit at the Expense of the Poor and Middle Classes." At Issue: Are America’s Wealthy Too Powerful? Ed. Ronald D. Lankford, Jr. Detroit: Greenhaven Press, 2011. Opposing Viewpoints Resource Center.