Inequality affects the American dream. Examples of it are income inequality and racial inequality. To begin with, many minorities discriminated against due to their color of their skin. Many minorities are even killed because of it. Coupled with minorities being at the bottom, the rich are at the top. The income gap is widening and the middle class is disappearing. The rich are getting richer and the poor are getting poorer. There are several ways to fight these inequalities. By closing loopholes, increasing minimum wage, and establishing more unions, we can fight inequality between the rich and poor. David Leonhardt, author of “Inequality Has Been Going On Forever… but That Doesn’t Mean It’s Inevitable,” believes we have been battling
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I disagree with Warren Buffet. In his opinion, he attacks the people that have put the blame in income inequality on rich individuals. “The poor are most definitely not poor because the rich are rich. Nor are the rich undeserving. Most of them have contributed brilliant innovations or managerial expertise to America’s well-being. We all live far better because of Henry Ford, Steve Jobs, Sam Walton and the like,” Buffett wrote. “ This widening gap is an inevitable result of an advanced market-based economy.” The widening gap can be fixed through an increase in minimum wage or by an improvement of the quality of education. The way to solve this problem is to increase the Earned Income Tax Credit. This is presently given to masses of low- income people. The Existing Earned Income Tax Credit needs lots of development. There should be well-known information advertising workers that now they can receive free and suitable filing help. A yearly payment is now the law. Once- a month pay would make more sense. Dollar amounts should be increased for the most part for those making the minimum …show more content…
To others, it may be dead but to me it is still alive. It is within my heart. I remember when I was a little girl I had goals and one of my goals was to be rich when I grow up and buy my parents a decent house. My thoughts have changed. What matters to me now is living a middle class lifestyle with a stable job. To others it’s totally different but I choose to dwell on goals than luxuries. Luxuries are great but if we don’t need them they are pointless. Over the past few years, the nation has returned to Gilded Ages of inequality. One reason to care about inequality is because of living standards. It is unclear whether families have benefited at all during these past years. “The lack of clear economic progress for lower-and middle-income families is itself an important reason to seek a more equal distribution of income”. (561) I say that inequality is likely to continue, but it will go away. We live in a society where the rich and poor are greatly separated from each other. This dilemma is depressing, but it doesn’t have to turn out that way. There are several ways to fight these inequalities. By closing loopholes, setting higher taxes for more money, putting higher minimum wage into effect, establishing more unions, universal healthcare, and by using tax money for middle class material we can fight inequality between the rich and poor . Loopholes cost the government revenue of $6 billion a year.
I disagree with Warren Buffet. In his opinion, he attacks the people that have put the blame in income inequality on rich individuals. “The poor are most definitely not poor because the rich are rich. Nor are the rich undeserving. Most of them have contributed brilliant innovations or managerial expertise to America’s well-being. We all live far better because of Henry Ford, Steve Jobs, Sam Walton and the like,” Buffett wrote. “ This widening gap is an inevitable result of an advanced market-based economy.” The widening gap can be fixed through an increase in minimum wage or by an improvement of the quality of education. The way to solve this problem is to increase the Earned Income Tax Credit. This is presently given to masses of low- income people. The Existing Earned Income Tax Credit needs lots of development. There should be well-known information advertising workers that now they can receive free and suitable filing help. A yearly payment is now the law. Once- a month pay would make more sense. Dollar amounts should be increased for the most part for those making the minimum …show more content…
To others, it may be dead but to me it is still alive. It is within my heart. I remember when I was a little girl I had goals and one of my goals was to be rich when I grow up and buy my parents a decent house. My thoughts have changed. What matters to me now is living a middle class lifestyle with a stable job. To others it’s totally different but I choose to dwell on goals than luxuries. Luxuries are great but if we don’t need them they are pointless. Over the past few years, the nation has returned to Gilded Ages of inequality. One reason to care about inequality is because of living standards. It is unclear whether families have benefited at all during these past years. “The lack of clear economic progress for lower-and middle-income families is itself an important reason to seek a more equal distribution of income”. (561) I say that inequality is likely to continue, but it will go away. We live in a society where the rich and poor are greatly separated from each other. This dilemma is depressing, but it doesn’t have to turn out that way. There are several ways to fight these inequalities. By closing loopholes, setting higher taxes for more money, putting higher minimum wage into effect, establishing more unions, universal healthcare, and by using tax money for middle class material we can fight inequality between the rich and poor . Loopholes cost the government revenue of $6 billion a year.