Summary Of The Death Of Horatio Alger
The Death of Horatio Alger
The United States of America has over time gone through several changes since the time when “The American Dream” slogan was put forward to drive the country to success. The article “The Death of Horatio Alger” by Paul Krugman was published in2004. Horatio Alger was a prolific writer who lived between the year 1832 and 1899. This article has expressed the value of the America dream. And the writer thinks about the causes of economic inequality. Moreover, it signified the American ideals that with hard work and courage, Americans would achieve material success and redeem themselves from poverty.
It is with such prowess that Krugman managed to write this enlightening article that was inspired by another article “Waking up from the American dream” publish in BusinessWeek. It is “it recent research showing that social mobility in the United State (which was never as high as legend had it) has declined considerably over the past few decades.” (Krugman 388). It is mean the people living keep the rich and reserve the money. In this quote I critically analyze this article to get Krugman’s true picture about America.
Summary
After reading a leftist rag in the Business Week, Krugman wrote this article in response to the emerging ideas. The rag had claimed that the …show more content…
He points out the main issues among them misguided politics and poor policies. He also tells indirectly of how things are happening now that causes social imbalance (Cullen 388). He points out that people in power reduce tax rates on corporate profits and unearned income such as capital gains. Again, they reduce tax rates on high income earners thus shifting the burden to the lower income earners. This way the poor remain poor and the rich grow rich. I concur with how well he analyzed these facts since it gives the reader a true picture of what is
The United States of America has over time gone through several changes since the time when “The American Dream” slogan was put forward to drive the country to success. The article “The Death of Horatio Alger” by Paul Krugman was published in2004. Horatio Alger was a prolific writer who lived between the year 1832 and 1899. This article has expressed the value of the America dream. And the writer thinks about the causes of economic inequality. Moreover, it signified the American ideals that with hard work and courage, Americans would achieve material success and redeem themselves from poverty.
It is with such prowess that Krugman managed to write this enlightening article that was inspired by another article “Waking up from the American dream” publish in BusinessWeek. It is “it recent research showing that social mobility in the United State (which was never as high as legend had it) has declined considerably over the past few decades.” (Krugman 388). It is mean the people living keep the rich and reserve the money. In this quote I critically analyze this article to get Krugman’s true picture about America.
Summary
After reading a leftist rag in the Business Week, Krugman wrote this article in response to the emerging ideas. The rag had claimed that the …show more content…
He points out the main issues among them misguided politics and poor policies. He also tells indirectly of how things are happening now that causes social imbalance (Cullen 388). He points out that people in power reduce tax rates on corporate profits and unearned income such as capital gains. Again, they reduce tax rates on high income earners thus shifting the burden to the lower income earners. This way the poor remain poor and the rich grow rich. I concur with how well he analyzed these facts since it gives the reader a true picture of what is