01 Mar. 2016. The American Action Forum believes that raising the minimum wage can do more harm than good and hurt the people it’s supposed to help. Job loss in the millions would happen if the wage was raised from $7.25 to $15. People in poverty before the increase would have trouble finding jobs because companies would have to have less positions to counter the wage raise.
6 Pros and Cons of Deficit Spending. Retrieved January 29, 2017, from http://greengarageblog.org/6-pros-and-cons-of-deficit-spending Investopedia. (2015, January 09). Crowding Out Effect. Retrieved January 29, 2017, from http://www.investopedia.com/video/play/crowding-out-effect/ Root.
A new land where anyone would have the opportunity to become successful; that was the American dream. But it didn’t turn out that way, yes few people did but most of us didn’t. We live in a country where super rich people are leaving the rest of us behind. This is called income inequality; it has been uneven since 1970 and the gap between rich and poor has increased, making it unfair for people who didn’t have the same opportunity, and morally, economically and politically wrong. Income inequality is economically wrong when you compare the richest man of the country, Bill Gates, who gains over $50 billion, to a homeless person, who doesn’t make anything.
I. Title Lukianoff, G., & Haidt, J. (2015, September). The Coddling of the American Mind. Retrieved April 04, 2016, from http:/pqqwww.theatlantic.com/magazine/archive/2015/09/the-coddling-of-the-american-mind/399356/ II.