High Income Inequality

First, tariffs worsened the Great Depression because increased taxes made it harder for people to buy products from out of country. According to document 7, the “Senate ‘Farm Bloc’ Starts battle for higher taxes”. This affected the Great Depression because when people couldn’t buy out of country products, it affected International Trade. It was getting harder for International Products to come into the US and other countries were starting to get frustrated. Tariffs wouldn’t

Paul Krugman in “Confronting Inequality” attempts to explain how bad inequality is and the things that can bring inequality to high or low levels. He gives reasons of why he and Americans should care about the increase in inequality.

Brandon King asserts, “We may have genuine inequality issues and a sizable divide between the rich and poor, and we might have an economy that is recovering too slowly for public interest” (613). What Brandon King is saying is that those who don't have as much power as the upper-class, tend to lose hope because lower and middle-class people see those at the top as superior. Sometimes we tend to believe that inequality has become inevitable to overcome because it’s been going on for long. David Leonhardt writes in his essay, “we could end up with a society in which the rich separate themselves from everyone else, perpetuating their wealth from one generation to the next (543). His point is that there can be something for the inequality between the rich and poor.

According to Krieger and Meierrieks (2010), economic deprivation includes but is not limited to poverty, inequality, and unemployment. Poor structural economic conditions create frustration which makes violence more likely in an area (Gurr, 1970). People who live in impoverished areas are more likely to become violent towards areas that have a more stable economic structure. This is confirmed in a study conducted by Ted Gurr (1970) who determined that modern wealthy states are less violent than poor developing countries. Areas where people are not economically stable and are frustrated are breeding grounds for terrorism.

Illegal Immigration Our topic is the negative side of Illegal Immigration. We believe that Illegal Immigrants are bad for the United States. We think immigration is bad because americans lose jobs to immigrants, there is an increase in poverty and having more immigrants in the United States will just encourage more bad behavior and it will encourage more immigrants to come. The first reason we think Illegal Immigration is bad is because americans lose jobs to immigrants who need jobs. Less skilled american citizens earn less money and have fewer job opportunities because they have to compete with immigrants in the job market.

This widened gap in income distribution inhibits equal opportunity distribution. In addition to being inaccurate, today’s distorted version of American Dream is also prejudiced, making it unattainable for the bottom 90 percent of Americans today. In By Our Own Bootstraps Michael W. Cox and Richard Alm believe, “There’s no denying that our system allows some Americans to become much richer than others.” (Cox & Alm 66). How is this kind of imbalance possible? Tax shelters for the wealthy and tax burdens on the poor promote Cox and Alm’s theory.

We have had numerous recessions which in turn makes matters worse as middle class working people lose their jobs or get paid less as a result of of this. When a group faces this kind of setback, it creates inequality in the country because not everyone suffers because of this, but not much is done to erase the issue. Most problems arise when the middle class is expected to pay a certain amount in taxes that could be beyondmeans while the 1% does not face the same issue. We saw this become a main concern in the 2016 election as some candidates wanted even lower taxes for the 1% in turn putting that burden on the middle class. When focussed more precisely, it becomes known of the wage gap between white workers and black or latin workers.

Income Inequality Income Inequality or “wage gap” is a big topic for freedom fighters and liberals for the simple fact that it isn’t equal for everyone. Because the wage gap is so prominent it's one of the biggest “facts” that discrimination is still apart of everyday American society. The wage gap from these radical interest groups think the economy is get a dollar take a dollar instead of a free flow economy. This misguided idea of the economy is absolutely not true and isn’t at the fault of the Government, but the people. One of the arguments used is that we could regulate and tax the 1% income because that would be “fair” but these numbers show how harmful that way of thinking is.

This problem is also creating some other problems in American such as increase crime rate is also because of poverty. There is millions of American who cannot afford to get basic necessities of life. Another important point is that because of ignorance of government for this issue, the poverty rate will continue to increase. So based on these facts; I have selected the issue of poverty to solve. Below are the steps that I will take to solve the problem of poverty:  I will promote the policies which will be helpful to create more jobs.

Economic recession in 1960s to 1980s are still like the yesterday’s nightmare for most people in early twentieth century. During this period, , a big trade deficit was caused because more foreign goods floated into US market than capital floated from the US to developing countries. This phenomenon made the economy inside the US face a hard time. Meanwhile, American citizens began to pursue “one of the country’s most cherished myths, the American Dream-a fantasy of social mobility enabled by America’s putative rejection of the aristoristocratic heirarchy structuring the Old World societies of our ancestors”(Deitchman). Lots of people wanted to go from lower class to upper class in order to escape from the life which was becoming harder and harder.

The growth of outsourcing has spurred a contentious debate whether outsourcing is the sole reason the manufacturing sector is losing jobs, and if, in the end, it is better for the average consumer. In the article Toward a Progressive View on Outsourcing, written by Sarah Anderson, John Cavanagh, Jeff Madrick, and Doug Henwood in 2004, their stance is that outsourcing of manufacturing jobs is not the only problem, but also the outsourcing of service sector jobs, and that outsourcing will have a largely negative effect on the everyday life of the average American. Every author has substantial qualifications, including “Sarah Anderson [being] a global economy project director and John Cavanagh [being] the director of the Institute for Policy Studies” (Anderson 23). Meanwhile, In Defense of Outsourcing – written in 2005 – Timothy Taylor takes a conflicting view. He believes that outsourcing benefits the Unites States’ consumer, and any negative effects are offset by other factors.

One of the reasons that Ted should be elected as the new president is that now is the time for developing the economy, not expanding the size of welfare . Efforts of Obama’s policies to try to improve the welfare of the country only caused damaging consequences. We can see this in ‘Obamacare’, which is the biggest welfare and healthcare policy made by the Obama administration. The government has argued that by enacting this law, people will get more income and more people will get employed. The statistics show that there is a 1.5~2% decrease in working hours and 0.5~1.0% decrease in compensation per hour (Facing up to Obamacare’s Flaws).

Today the American government must do the same and create new laws focused on the declining middle class. The American middle class has been put in many difficult situations and have often been ignored by the government whose main focus is the wealthy. The Great Depression was a key event since the

For example “ Rich countries argue that $100 billion a year to shield poor countries from climate impacts is an “unrealistic demand…” This shows how our country don’t want to really help the poor after they destroyed. The author says “ The oppression, the …” This show that rich countries treat the poor wrong. The article also states “ Rich countries their money is better spent on technology and “innovation” to shield them selves from climate catastrophe. This show how countries think that technology is better than the country. To conclude, some people around the world have a problem with racism everyday such as rich and poor communities.