Economic inequality is a relevant issue in any society. There is controversy around income inequality, as people debate whether it should be fixed, or if it really is an issue at all. Many politicians claim income inequality is a serious issue that needs to be resolved for the wellbeing of those struggling in poverty. The gap between rich and poor should be closed because people are struggling to survive with low pay, thousands of people are living in poverty, and individuals are working longer hours for lower wages.
Many American’s believe that income inequality is beneficial to the economy. Rick Santorum claims that income inequality is not an issue that needs resolution, in fact, he’s “for it.” Santorum claims that he believes that some …show more content…
Washington Post journalist George F. Will states that when the wealth gap widens, the gap in lifestyle shrinks (Will). Here, George F. Will is suggesting that although there are large inequalities between the income of the 1 and 99 percent, the lifestyles of these socioeconomic classes are similar. This however, is simply untrue. Those apart of the 99 percent do not have the cushiony lifestyle of that of a billionaire. In fact, the 99 percent work much harder than the million and billionaires (Vanier). The middle class and poor are working longer hours for lower wages, as those in the 1 percent collect profit from the hard work the employees perform at their companies and businesses they may …show more content…
There is however, many solutions to income inequality. Economist Melissa Boteach states that income inequality is a serious issue in our society, but can be reduced. This can be done by creating jobs by investing in infrastructure, by “developing renewable energy sources, renovating abandoned housing and significantly increasing affordable housing investments, and making other commonsense investments” (Boteach). Furthermore, income inequality can be solved by reforming the criminal justice system by fighting against mass incarceration, expanding medicaid and improving job quality by raising the minimum wage to 12 dollars per hour
Many American’s believe that income inequality is beneficial to the economy. Rick Santorum claims that income inequality is not an issue that needs resolution, in fact, he’s “for it.” Santorum claims that he believes that some …show more content…
Washington Post journalist George F. Will states that when the wealth gap widens, the gap in lifestyle shrinks (Will). Here, George F. Will is suggesting that although there are large inequalities between the income of the 1 and 99 percent, the lifestyles of these socioeconomic classes are similar. This however, is simply untrue. Those apart of the 99 percent do not have the cushiony lifestyle of that of a billionaire. In fact, the 99 percent work much harder than the million and billionaires (Vanier). The middle class and poor are working longer hours for lower wages, as those in the 1 percent collect profit from the hard work the employees perform at their companies and businesses they may …show more content…
There is however, many solutions to income inequality. Economist Melissa Boteach states that income inequality is a serious issue in our society, but can be reduced. This can be done by creating jobs by investing in infrastructure, by “developing renewable energy sources, renovating abandoned housing and significantly increasing affordable housing investments, and making other commonsense investments” (Boteach). Furthermore, income inequality can be solved by reforming the criminal justice system by fighting against mass incarceration, expanding medicaid and improving job quality by raising the minimum wage to 12 dollars per hour