ipl-logo

Inequality In America

701 Words3 Pages

Paul Krugman, an economics professor at Princeton, writes “Confronting Inequality” chapter 7 in his book. Equality in America is what makes America, what it stands for. Social and economic inequality still is a part of everyday life in America. Education is making parents struggle because they want to give them a good education; but also, health care for those who need it. Middle-class starts to scramble more every day while the high-class gets more prosperous. Inequality in America is creating trouble to the lives of Americans. Education is one of the most important subjects in America today. Education is material that can allow children and even adults to become successful in life. Paul Krugman writes, “… middle-class families buy houses …show more content…

Health care is a plan made to help Americans to stay healthy. Krugman says, “The hedge fund tax loophole costs the government more than $6 billion a year in lost revenue, roughly the costs of providing health care to three million children.” 568. Health insurance can be expensive and hard for the lower-class to afford. Taxes that could have gone towards children who parent could afford health insurance, but the taxes went back to the wealthy. Krugman writes,” American children from low-income families are often uninsured, they’re more likely to have health problems that derail their life …show more content…

Krugman writes, “the rich weren’t just getting richer; they were becoming a financial foreigner, creating their own country within a country, their own society within a society, and their economy within an economy.” 563. CEOs or people with an abundance amount of money can give money to politicians create laws or stop enforcing the laws to benefits the rich. Politicians who the Middle-Class and Lower-Class vote for favors the one that could help them and that’s the High-Class. Economic inequality is hurt the middle-class and the lower-class who already had a rough time getting a life. When the High-Class is becoming richer the Middle-Class and Lower-class become poorer it creates social Inequality. Krugman also writes,” The fact is that vast inequality inevitability brings vast social inequality in its train.” 563. When economic tide favors the high-class it starts to tear gaps between the classes. Social inequality can make it hard for many Americans to strive or even live

Show More
Related

  • Rhetorical Analysis Of Confronting Inequality By Paul Krugman

    193 Words  | 1 Pages

    In the article “Confronting Inequality” by Paul Krugman it explains how and why large changes between wages of wealth and the problems between the social classes. America's middle class in today’s society are exceeding their limits in effort to give their children opportunities many middle class parents did not have themselves. Ways that many middle class parents are doing this is by buying homes that they can't afford; this is so their children will be able to attend a good school. Another reason why middle class parent are doing this so that their children can have more opportunities to one day slow the growing gap between the wealthy and the poor. Another reason that inequality between the classes is important Krugman believes is because

    Read More

  • Paul Krugman Confronting Inequality Summary

    1158 Words  | 5 Pages

    They all make decent points towards income inequality, and inequality as a whole. Becker and Murphy believe that if a higher education will give you a higher income, although education after high school is expensive, the returns are worth it. Even though statistics prove that Becker and Murphy's theory is correct, Krugman believes that the living standards are important and shouldne be jepordized, because of an education. 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.

    Read More

  • Baseball Metaphor Of Poverty In The US

    545 Words  | 3 Pages

    The American economic system can be defined by a baseball metaphor. The wealthy would begin the game at third base ready to rush home with a decent hit. The second and first base are filled with the middle class, far from the home plate, but still within reach. Finally, the lower class is stuck on the benches waiting for their chance to hit. There is no guarantee that the poor will cross the home plate.

    Read More

  • Inequality Has Been Going On Forever

    426 Words  | 2 Pages

    When people hear the word inequality they think of inequality as a circumstance just involving race, things like being unequal with another person cause of your skin color or cause of your traditions. However, inequality covers many other broad factors one factor other than race being income inequality. In “Inequality Has Been Going on Forever…but That Doesn’t Mean It’s Inevitable.” (The New York Times, 02.05.14), David Leonhardt points out that Income inequality has come to be extremely high, the middle class is shrinking while the rich become richer. This attitude is encouraged by various factors: society, taxation, and how much time has passed.

    Read More

  • Analysis Of Confronting Inequality By Paul Krugman

    542 Words  | 3 Pages

    In the article “Confronting Inequality”, by Paul Krugman, he states that “vast income inequality inevitably brings vast social inequality in its train. And this social inequality isn’t just a matter of envy and insults.” (Krugman 563). Krugman is basically stating that the unfortunate is becoming poorer stressing day after day while the wealthy is becoming filthy rich having nothing to worry about. The widening gap is a serious issue because millions of families buy houses in nice neighborhoods they know they can’t afford due to themselves being so desperate to send their children to good schools.

    Read More

  • The Role Of Inequality In The United States

    171 Words  | 1 Pages

    After over two centuries of battling to understand its declared standards of general fairness, the United States still faces proceeding racial, gender orientation, and class difference. Inequality remains a source of extraordinary suffering and hostility over its causes and profound conflict over what can also, ought to be done to change it. In a general public that announces flexibility, independence, and unlimited portability, the determination of wild disparity along lines of race and gender is by all accounts an inconsistency. The period from Reconstruction through the Progressive Era, approximately 1870–1930, was one of extensive established in implications of citizenship, work, race, gender, and class relations owing to the withdrawal

    Read More

  • Income Inequality For All

    349 Words  | 2 Pages

    The problem of income inequality is not something new, but it is something that people must worry about because it is affecting not only our wallets, but our communities as a whole. I agree on the author’s point of view about income inequality in the United States his position is very similar to another Robert Reich documentary called “Inequality for all” where he mentions all the aspects that brought United States economic system to a hold just to help a fraction of all population one of those systems was education where before the nineteen eighties it was cheaper to go to college than nowadays or the fact that workers were pay almost the same as any other for their sacrifice . Going back to the video on debate he mentions how policies changed

    Read More

  • Income Inequalities In America

    391 Words  | 2 Pages

    For many decades the economic growth of American has shifted to different standards. Each generation of growing up in America can and will face different economic situations than the generation before them. It is a part of circular flow of economics. One factor that is brought up, especially in recent years is income inequality. During a debate hosted by intelligence squared, two sides argued the notion the rich in America are taxed too much.

    Read More

  • Class In America Gregory Mantsios Summary

    977 Words  | 4 Pages

    There is lower, middle, and upper class, but there are also subcategories that fill the gaps in between, like the impoverished and the top one percenters. “Class in America”, written by Gregory Mantsios, addresses the myths and realities about socioeconomic class in America and how they affect American lives. His article highlights the unequal divide that has persisted over the course of history and will continue to manifest in the future. To introduce the existence of this issue, Mantsios states that this country’s citizens “don’t like to talk about class...or class privileges, or class oppression, or the class nature of society” (Mantsios 378). This is the case in America today because people are neglecting to acknowledge the existence of these elusive

    Read More

  • Universal Health Care Argumentative Essay

    727 Words  | 3 Pages

    46.8 million Americans were reported as uninsured in 2013, which equivocates to one sixth of the population. Those without insurance have revealed that they risk “more problems getting care, are diagnosed at later disease stages, and get less therapeutic care” (National Health Care Disparities Report) and those insured risk losing their insurance. Inadequately covered citizens are often working-class individuals who simply cannot receive insurance due to uncontrollable inconveniences and therefore jeopardize having medical coverage. In these instances, Americans have a chance of being diagnosed with diseases that they had no opportunity to prevent or could not diagnose them at an early stage of the illness. Patients have suffered unnecessarily due to lack of health care, and “18,000 Americans die every year because they don't have health insurance” (PNHP).

    Read More

  • Income Inequality In 'Richer And Poorer' By Jill Lepore

    703 Words  | 3 Pages

    In the essay, “Richer and Poorer” written by Jill Lepore, and published in The New Yorker on March 16, 2015, the author discusses the income inequality in the United States and uses the rhetorical stages logos, ethos, and pathos as methods for trying to inform the educated middle class about the economic inequality and the effects on the individuals. Jill Lepore used various other sources to prove her point. Using the Gini Index, Lepore states that “income inequality is greater in the United States that in any other democracy in the developing world” (1). She goes on to give a few statistical points influencing her statement on how the inequality has increased throughout the decades. Including how in between 1975 and 1985, for U.S households from .397 to .419; compared to other countered such as Netherlands.

    Read More

  • The Death Of Horatio Alger Analysis

    896 Words  | 4 Pages

    The article “The Death of Horatio Alger” By Paul Krugman Dives into the cruel story of america not being the land of opportunity we once knew and loved. The article goes straight into it by starting with our nation's history of inequality going all the way back to the 1940s. Krugman then goes from there going into times when economic mobility was easiest to when it was hardest to now. To sum up what he says is the now our class mobility is at a all time low and if that was not bad enough apparently our politicians are “doing everything they can to fortify class inequality, while denouncing anyone who complains”(Krugman) the article covers what a politician with this goal would do as in what policy they would work to implement and more.

    Read More

  • Economic Inequality In America Essay

    856 Words  | 4 Pages

    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.

    Read More

  • Inequality Of The American Dream

    442 Words  | 2 Pages

    Americans are embracing facts of inequalities and wage control, which has been a drawback in the American economy in the past, yet new policies have reduced inequalities by passing a law back in 2007 to raise wages, that is “Congress passed the first increase in the minimum wage within a decade” (574). That same embrace has the middle class preparing for the future by planning new strategies to educate their children about the dangers of debt to income ratio, gaps between social equality, and political power among the wealthy gaps. Also, unbalanced monetary stimulants, which have no power of motivation for some whom are after the American

    Read More

  • Analysis Of The Film Inequality For All

    739 Words  | 3 Pages

    In the film, Inequality for All, we see how today’s economy is experiencing a difference in wage between the social classes. There is an enormous opening of income and wealth inequality in the U.S. as the wealthy people get more money and the poor people struggle for basic living standards. For example, in the year 2010, the usual 1% of people earn up to about 33 times more than the typical male employee. The film also explains how even in today’s economy, “the top 400 richest people have more wealth than the bottom 150 million Americans put together” (Inequality for All). The significant wealth of the U.S. is stable with the minority of people, contrasting with the period of the 1950s through 1980s.

    Read More

More about Inequality In America

Open Document