In the article "Confronting Inequality" Paul Krugman is explaining the inequality in the United States, while demonstrating the many statistics. He is mentions American huge gap between the elites and lower and income classes. Economic inequality brings the social inequality, where as a result, we would have a society of unequal opportunities. In 1997 Irving Kristol published an article in The Wall Street Journal called ‘Income Inequality Without Class Conflict.’ Kristol argued that we shouldn't worry about income inequality, because whatever the numbers may say, class distinctions are, in reality, all but gone.…
In the essay “Richer and Poorer,” written by Jill Lepore published in The New Yorker, March 16, 2015, she discusses the issue of income inequality. The author effectively uses the rhetorical strategies logos, ethos, and pathos to convince her educated readers that income inequality is an issue in the United States.…
Reich graduated from Yale Law School and served in the Clinton administration. Although he does not have a degree in economics, he has written several books on the subject, including "The Work of Nations". Reich is considered an authority in "the relationship of governmental policy to the economic health of the nation".…
In his article "Confronting Inequality" Paul Krugman is asserting the fact of high socioeconomic inequality in the United States, while demonstrating its consequences and the variety of statistic evidences upon it. He is depicting modern American society where we have a huge gap between economic elite and lower-and middle-income classes. There is a time for ''a Great Moderation" reforms that will bring a socioeconomic equality.…
“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness”, with these two lines within the Declaration of Independence, America was born as a country of equality for all. However, America today, is a country ridden with disparity and inequality, resulting in glaring divisions amongst the American people. Today, the top 1% owns nearly half of America’s wealth, leaving the remaining 99% with only 50% of America’s wealth. Furthermore, according to the U.S Census, 27% of Black or African American households are living below poverty, while only 10% of White households are living below poverty today.…
Over the past generation inequality has become a big issue in our society. Whether you are rich or poor, born here or immigrant, high class or middle class, inequality will find its own way to you some how. Here we should stop and ask ourselves why should we care about high and rising inequality? The answer to this question is in these three articles, “Bring on More Immigrant Entrepreneurs “by Shayan Zadeh, “Confronting Inequality” by Paul Krugman, and RIP, Middle Class: 1946-2013” by Edward McClelland. These three articles have discussed the inequality issue from three different point of views in three different and unique ways.…
In the essay “Inequality Has Been Going on Forever... but That Doesn’t Mean It’s Inevitable”, David Leonhardt argues that despite the persistent trend of income inequality in the U.S. and throughout history, it is not impossible to change that inequality. He writes that the professor, Thomas Piketty points out the process in which inequality rises and the near inevitability of it. Leonhardt tells of his conversations with Piketty and Piketty’s idea on the possible way to solve inequality, which is to put a global wealth tax that is specifically for income inequality. Leonhardt finds this solution politically improbable and instead advises that the government changes the taxation of the wealthy, healthcare, how we manage the Department of Transportation,…
A good friend of mine recently recommended me to watch a documentary called “The One Percent.” I do not usually watch documentaries unless I am gaining some type of knowledge out of the information presented. Unsure of what it was about and what I was going to get out of it, I turned on NetFlix and proceeded to watch the film. I soon came to realize I was enamored by this film, “The One Percent,” and it remains one of my favorite documentaries of all time. The documentary deals with the disparity between the wealthy elite and the citizenry and how they are both so far removed from one another. “As of 2010, the top 1% of households (the upper class) owned 35.4% of all privately held wealth.” (Domhoff, 2010, The Wealth Distribution, para. 1). The producer and interviewer presents this film through many wealthy American businessmen, critics, economists and even his own family to explain this major social gap that exists on our home front. When looking at the differences side-by-side, it is hard to grasp that we all live in the same place, the United States of America.…
Income inequality is a grand challenge and is at the base of many other grand challenges. For example, with income inequality some supplementary troubles may be inadequate health care, lack of quality education and homelessness. Furthermore, reports have shown that that the income inequality has widened since the recession. Income inequality affects everyone, especially minorities. One believes that this is part of the problem in society that fuels racism and classism. It creates an obvious difference between socioeconomic classes and minorities are usually in the lower earnings level of these classes. If we are to solve some of the other grand challenges one believes that income inequality is the best place to start.…
Income inequality is often associated with negative things such as decreased quality of life and a lack of social mobility. Yet, the lower classes are receiving less and less of the United States’ overall income while the top earners' share is increasing. Why? This paper will explore causes of the growing income inequality as well as possible solutions to slowing it down.…
For example, the CEO-to-worker-pay ratio in the United States is 354-1, which makes income inequality, especially among minorities the defining challenge of contemporary times (Fitz n.p). For this reason, the government must expand its authority and programs to encompass ways of bridging the inequality that has become a typical problem in today’s American society. Conservatives such as the Republicans have been arguing for cuts that are geared towards improving the welfare of the poor (Amy 2). However, the government should increase funding for poverty programs, education, and job training to ensure that minority groups, as well as other Americans, are empowered…
Economic inequality in the United States has increased tremendously throughout the past decades and has consequently led to many social conditions that negatively impact the lower and middle class. The unequal distribution of income and wealth is primarily due to the capitalist government economy that deregulates markets as well as globalization and technological advances. Political inequality is similarly another consequence that results from the economic disparity that further affects democracy and political representation of many Americans. This likewise leads to the creation of social movements, in which many unprivileged Americans seek government attention to overcome the inequality that exists amongst the socioeconomic classes.…
Over the years America’s inequality income gap has been growing, between the rich and the poor. There are many reasons why this is happening. Andrew Carnegie, John Kenneth Galbraith and Joseph Stiglitz may agree with me, but believe there are different reasons why and how it should be dealt with. I would have to say that I agree that Galbraith’s idea is what is better for America now.…
Income inequality has been, and continues to be, an issue among the different genders and ethnicities in the United States. The gap continues to widen not only between men and women, but also among other women when age, ethnicity, appearance, and physical limitation biases are taken into account.…
When writing up reports and projects, one would normally use the method of finding sources and resource from other places and people; but the method of autoethnography is to use your own thoughts and experiences as a form of resource. Writer Joan Didion states simply that “we tell ourselves stories in order to live” and stories allow us to be more reflective and enable us to live better.…