Income Inequality Of The United States

2013 Words Nov 15th, 2014 9 Pages
A deafening and persistent roar reverberates against the glass walls, around the stone columns and through the rows of American flags, which billow above the financial hub of the United States. A sea of tens of thousands of American citizens begins below the iconic black and white sign that reads “Wall St”, and extends beyond the end of the block, filling each and every square inch of space in-between. Over and over again, in unison, they chant “We are the ninety-nine percent!” and collectively form a voice that is heard not just throughout the stock exchange, or the city of New York, but throughout the entire country and the world. Occupy Wall Street was a movement that brought together members of the “99%” — the bottom ninety-nine percent of income earners in the United States — in protest for heightened economic equality. This movement served to inject the issue of income inequality into political and national debate; politicians, economists, and journalists across the country analyzed the extent of income inequality in the United States and made conclusions on its salience to the country’s economy. While these conclusions spurred widespread and polarizing debate about the issue and its economic impact, there can be no question about the exceedingly high level of income inequality in our country, and the consequences of this disparity on our economy. The issue of rising income inequality in the United States is a pernicious one; it damages not only middle and lower class…
Open Document