Economic Inequality In America Essay

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America prides itself on being one of the most effective democratically governed counties. The idea of the American dream is that all people have equivalent political freedoms and a responsive government. However the effectiveness of social equality is being threatened by increasing inequality in the United States. Economic inequality in the US has expanded drastically. The wealth gap has had drastic changes over the past 35 years. What’s more, specifically, the rich have gotten a lot richer. Almost everybody who talk about it says that economic inequality must be reduced. There a few causes to the wealth gap that are easily determined, examples are corporations that partake in the following actions: gender, unfair exchange, cheap labor elsewhere and other benefactors. Other causes include education and the differentiated amounts of taxes paid by Americans in different economic levels. In a lot of countries, gender plays a big role in the labor market. For instance, in America, the middle full-time compensation for ladies is 77 percent of that of men [4]. In any case, women who work low maintenance make more than men who work low maintenance [4]. Furthermore, among individuals who never wed or have children, women make more than men [4]. It might be hard to explain such contrasts. As indicated by a U.S. Census…show more content…
The problem with the widened wealth gap is that the inequality may harm the quality. Meaning that those in the higher classes see it as you can use the money with no restrictions. However, economist believe that the “relationship between inequality and economic freedom, with the possibility that policies that are meant to reduce inequality will reduce economic freedom, which will then only make inequality worse.”
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