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Pros And Cons Of Income Inequality

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Income inequality is a controversial topic discussed throughout the world. Many feel strongly that income inequality can hinder Americans or benefit them. Although some believe that income inequality helps Americans, it truly hinders them. Throughout the course of 30 years people have been unsatisfied with their income (Pettinger, 2011). Just about everything that is the result of income inequality can be thought of as a hindrance. Regarding Americans and their money, many various disadvantages can be directly related to income inequality. Monopoly is a major problem involved with income inequality. Firms with monopoly power hold a position to set higher prices to consumers. They can then redistribute the income from consumers to the shareholders
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