In “35 Soul-Crushing Facts about American Income Inequality”, the author, Larry Schwartz, makes it clear that the ever-increasing income and tax cuts the wealthiest Americans receive, as well as the decline in labor unions, results in the rest of the nation’s citizens to fare worse economically than those of previous generations. The writer shows that economic inequality, the difference between incomes across a population, has currently reached peak levels unprecedented since the Roaring Twenties, the period right before the Great Depression. Schwartz does an excellent job of supporting his claims by providing a vast amount of statistical evidence and historical background, which shows how dire the current situation of economic inequality is in the U.S.A. Despite the fact that the middle class has been taxed at an equal rate…
The Dangerous Consequences of Growing Inequality by Chuck Collins argues that the burgeoning gap between the upper and lower classes has strenuous personal and economic ramifications. He summarizes the pressures facing households and the economic inequalities that undermine the security of families, threaten our democratic institutions and economy, deteriorate our public health as well as breaking down our social cohesion. The ever so important middle class has been vanishing right before our eyes, there is a strain on relationships between ourselves and our neighbors, families and co-workers which prevents our society from uniting and striving for greatness. As a greedy and power hungry society we completely forgot what is most important, our fellow citizens and their well-being. Collins’ essay is an effective argument for social justice because he shows that even though our economy has thrived throughout the decades those profits have not trickled down to the working class…
The belief of protecting people’s rights to improve their own way of life is the best way to ensure national progress and Krugman believes that the wealth is concentrated heavily on the upper class, making it almost nearly impossible for the middle and lower class to move forward.…
In the “The Land of Opportunity” by James W. Loewen in Chapter 8 in the textbook ‘From inquiry to Academic Writing’ it talks about how many American students and the American children base themselves off of others. In the first paragraph in “The Land of Opportunity” claims that many middle class student know little to none about how the American class structure works nor about how it has changed over time. They soon jump to the hypothesis that most high school students come out of high school ignorant of the workings of the class structure. Professor Loewen asked one of his classes of first year college students, “Why is your family well off?” Most of them replied with the assumption that poor people should be shamed upon for being poor due…
Both Paul Krugman and Robert H. Frank have written very informative pieces about the problem of economic inequality in the United States. In Robert H. Frank’s essay, Income Inequality: Too Big to Ignore, he explains that the United States got to this point of income inequality through years of economic stagnation caused by policies that favor the rich, and discusses the harmful effects of this phenomena. In Paul Krugman’s writing, he too says that income inequality is a problem caused by economic and fiscal policies designed to help the rich and he outlines the ways the United States can fix the severe problem of income inequality.. They are both persuasive essays with similar writing styles. When analyzing the works of both writers, we can…
For many years, many Americans “considered the prospect of growing income inequality to be unacceptably undemocratic.” (Noah, 18). Income inequality is at its highest level since before the Great Depression and it is a situation that divides Americans. The best way to promote equal justice in American and the best way to maintain strong economic growth is to have…
Every country around the world has economic inequality within it. The income inequality encountered in the United States in ranked sixty four in the world. The economic inequality divided in the United States has a major impact on three factors: social class, education and power amongst the citizens. The economic inequality seen in “Parable of the Sower” by Octavia Butler reflects on how separation between poor, middle and rich class lead to a dystopian future. “Inequality for all” examines how economic inequality can impact social classes such as upper, middle and lower class.…
In the US we are in a crisis, and the widening gap between the rich and the poor is unknown to the public. Robert is an noted economic policy expert gives us an understanding of how bad inequality placed in our economy and the policy changes that began 30 years ago. We also learn how we got to this state in our economy…
In Leonhardt’s essay “Inequality Has Been Going On Forever… But That Doesn’t Mean It’s Inevitable” Leonhardt explains how the middle class is suffering in a prosperous nation. Leonhardt is the managing editor of The Upshot, a New York Times site, and published an e-book, Here’s the Dead: How Washington Can Solve the Deficit and Spur Growth” (2013) based on economic issues. Leonhardt’s concern is the rapid pace in rising inequality, as the wealthy are affluent in capital gains, taxes, and education. I agree that inequality is a concern because living in a society where everyone isn’t treated the same in terms of wealth causes conflict.…
According to the Census Bureau in 2010, “there were 42 million poor people in the United States,” and a large portion of those who reside in the middle class are approaching the poverty line, thus, augmenting the amount of people who live in the lower class. As a result, income inequality has become a paramount topic in recent times, especially in the 2016 election. In addition to politicians and other government members discussing this gargantuan issue, professors, journalists, and others have written income inequality, and provided ways to fix the issue. The authors Robert B. Reich, Gregory Mantsios, Alan Ajas, Daniel Bustillo, William Darity Jr., and Darrick Hamilton are experts within the field of economics and labor; however, all of these…
The Income and Wealth Inequality of America As a capitalist nation, the United State of America is facing a serious problem, which is the inequality of wealth and income. In pace with the growth of the economy, the rich people are getting richer and the poor people are getting poorer. The gap between the rich and poor is widening unprecedentedly fast. Why is that happening?…
Economic inequality is greater than at any time since the 1920s. One out of every 5 children in the U.S. lives in poverty (21%) compared with approximately 4% of Sweden (Staff, 2008).…
Krugman explains in detail how the government can help with economy inequality. As a matter of fact, he believes government action is one of the the only ways. Krugman concludes that in America, high incomes are taxed less than what they were taxed the past. In addition he states, “Thus raising taxes on the rich back toward historical levels can pay for part, though only part, of a stronger safety net that limits inequality” (570). In addition, Krugman believes that “aftermarket policies” and “The Great Compression” can also lessen inequality.…
Effective Messaging The documentary Inequality for All focuses on what happens to an economy when income inequality rates begin to sore sky high. Narrated by Robert Reich, he talks about how America came to be a nation of massive income inequality, the consequences of it and how to solve it. One of the most impressive things the film does, is a take a topic people study for years and turn it into an easily understandable 90-minute film. The documentary Inequality for All effectively got its message across through, accurate statistics, memorable visual aids, and real-life stores and firsthand accounts.…
Inequality We live in a country that is full of opportunity, or so we are told. In early America you had the chance to work hard and become successful, but in today’s society working, hard doesn’t guarantee success. In Brandon King’s article, “The American Dream: Dead, Alive, or on Hold?” King believes that the American Dream is more alive than ever but has morphed from people wanting to be filthy rich to wanting a stable, middle class lifestyle (611).…