The Cause Of Poverty In Miami

Decent Essays
The rich grow richer and the poor stay poor, this will not help with poverty either. Sadly, this is how Miami’s economy is set up. Miami is the fourth city with the highest income inequality; as the rich get richer the gap grows. The cause for the gap is because more rich people are moving into Miami. “One possible solution could be to ban “rich” people from buying in Miami – or slap them with massive taxes to discourage wealth from coming here. That way everyone in the city could be poor, but at least they will be equal and happy.” (TNM staff 2014). As for poverty in the city, it has only gotten worse. Miami has the second highest rate of people living in poverty. There are Floridians living on income of less than half of what's considered

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