Lower Class Pays More Taxes

Income inequality has been a major issue in American history. There are many different factors that contribute to inequality. These include education, wealth, discrimination, ability, and monopoly power.

This meant they had to pay for everything without a reliable source of income and when they couldn’t pay for things like income for people with jobs it would probably become a problem and make citizens angry. It could also create conflicts between other countries or states if they are in debt and can’t pay for it. Things like this would’ve happened had they not changed it.

The labor market changed a lot. Tens of millions of workers moved from low to high

Although it benefited those with increase wages, it caused problems for the entire national community. As a result of

Economically the national income dropped 30% and everyone was coerced to live off what they had, for some it wasn’t much. While the national income dropped

This would supposedly result in an economic boom that would result in more income for both the higher and lower class that would offset the rise of inflation. However, these tax cuts lead to record federal budget deficits, which also resulted in cutting funds from various social services and programs. While these deficits and social program cuts occurred, the national unemployment also rose to record highs, and the gap between working and upper classes only increased. To an extent, the large gap between economic classes still exists today, as the average income for those residing in the top 1% has risen astronomically (lecture topic 14b). It was also around this time that big chain companies such as Wal-Mart and McDonalds rose to prominence. In contrast to the original intent of Reagan’s plan, the heads of these large companies (i.e. most of the people residing at the top of the upper class economically) kept their extra money instead of using it to improve working conditions for their employees. This resulted in outsourcing jobs, expanding locations to different countries outside the U.S., and the lowering of workplace standards (Klein p. 236-237). Today, many of these practices are still in place, with numerous politicians still pushing a similar agenda of tax cuts for big corporations (many of which support said politicians).

While the rich were getting richer, the poor were getting poorer. As Henry George said in his book “Progress and Poverty”, “The wealthy class is becoming more wealthy; but the poorer class is becoming more dependent. The gulf between the employed and the employer is growing wider; social contrasts are becoming sharper; as liveried carriages appear; so do barefooted children.” The United States was becoming dependent on these “Robber Barons” for jobs because of the influx of immigrants. Employees worked extremely long hours at a ridiculously low rate while owners made millions. The government, meanwhile was enjoying a wonderful Gilded Age.

The middle class probably had the biggest positive impact. Due to their small factories or businesses success, the middle class benefited and they made their way to the upper class. As this happened the middle class took advantage of newly affordable items such as furniture and clothing allowing themselves a more comfortable life.

“The United States is a nation where people are supposed to be able to rise above their origins. Those who want to succeed, it is believed, can do so through hard work and solid effort.” (Andersen, pg 1) If this was only true we would live in a world in which we would all prosper based on how hard we work. The truth of the matter is that income inequality and institutional classism were simply built into the sheer fabric of this nation. Income inequality has affected many in the United States. For many the American Dream is simply that a dream.

Imagine that the U.S economy is a group of ten people making a cake. Despite the fact that everyone contributed, one person would take 90% of the cake. The other nine would be left to fight over the renaming 10%. In what universe would this be a fair situation.

Amongst all of the presidential candidates of the 2016 race, one in particular stands above the rest. Bernie Sanders, running as a democrat, holds the highest capability to better the nation amongst all other candidates.

Without realizing it, most of us live in a bubble. This impermeable layer makes us oblivious to what's going on in the world and ignorant to the truth. The media is powerful, but there is a huge difference between seeing something, and experiencing it in person. After 17 years of living in that bubble, I finally popped it and opened my eyes to a world I had never felt before. Colombia, like many developing nations, faces rampant income inequality that acts as a huge barrier for the country to make a leap towards economic prosperity. But to truly understand this great monster in our world called "income inequality", you have to experience both extreme living conditions. And during the summer, I was able to do just that. In 24 hours. With an

What is Income Inequality? Well “Income Inequality is the unequal distribution” of family or individual wage over the different individuals in an economy. Income inequality is often showen up “as the percentage of income to a percentage of population” (Staff.) Income inequality creates and impacts the U.S. in different aspects, whether it is distinguished by “region, gender, education and social status” (Staff), as well as there are certain causes and potential solutions to resolve the problems that Income Inequality creates.

proved to be too much change at one time. The middle class were the wealthy

What do you think would happen if the rich paid more taxes? Would there be a better economy or would it be worst, maybe even stay the same. Increasing the taxes would help out our economy in a few ways. one way that it would help out our economy is that not only would there be less of a concentration of profit at the top of our social ladder there would be more revenue for the funding of civil union jobs. Also not to mention causing the bigger corporations to have to pay more so they would be unable to escape with the majority of the illegal activity they do today. Lastly if the government were to crack down on offshoring it would help with collecting taxes and the money would return to the people and back into circulation for our economy. Here are some reasons why the rich should pay higher taxes.