Summary Of Confronting Inequality By Paul Krugman

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. Robert Frank states the rich are establishing their own personal world, away from the middle class and the poor, which supports Krugman's
thesis that there is a growing difference in social equality, which is being caused by the gap between wealth.
In conclusion, any suggest that middle and lower income families can be assisted so everyone is on a even footing then social equality will be present. Another reason that inequality between the classes is important is because the more money the wealthy have the less of a middle and lower class there is, the more influence the wealthy have, which again increases the social inequality.