The Increasing Disparity Between The Wealthy And Poor Essay

765 Words Jul 15th, 2016 4 Pages
Today, unfair treatments have been gradually emerging in the world due to the rising inequality. The government attaches great importance to issues which are led by growing inequality due to they create serious trouble. There are three main challenges for the government, which are produced by increasing inequality. To be specific, the growing inequality hinders the development of the economy, evokes political concerns, and generates a large number of social difficulties. The increasing disparity between the wealthy and poor is a critical issue, and it severely impedes economic development. The number of poor people will increase, and the poor will become even poorer as the wealth gap widens. Moreover, the poor do not have enough money to spend which hinder the development of the economy. According to Fletcher (2015, p.1), the number of middle-class Americans has dropped by more than 10 percent since 1971, and inequality becomes worse with the decrease of the middle class. In other words, if the wealth controls the national revenue as the amount of middle-class dropping, the people in the middle class no longer have the ability to invest in the future. Therefore, the declining of the middle class not only lowered the consumer level, and also not effectively enhance the development of the economy. Pomeroy (2014, p.1) points out that the gap between the rich and the poor widens as the wealthy continue to increase. Namely, it generates more inequality due to people who…

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