(1) The United States is currently experiencing the greatest economic inequality since the 1920 s, and (2) this inequality is depressing the economy. (3)The true sustainers of the economy are the bottom 99 percent of households, but (4) the top 1 percent takes in 93 percent of the growth in income. Also, (5) economic inequality is undercutting tax receipts, which are vital for infrastructure, education and research. This is because (6) income earned by the rich is taxed at a far lower rate than income earned by the middle class.

FindFind

A Concise Intro To Logic

12th Edition
Hurley
Publisher: Cengage
ISBN: 9781305147775
FindFind

A Concise Intro To Logic

12th Edition
Hurley
Publisher: Cengage
ISBN: 9781305147775

Solutions

Chapter 1.6, Problem I.14E
Textbook Problem

(1) The United States is currently experiencing the greatest economic inequality since the 1920 s, and (2) this inequality is depressing the economy. (3)The true sustainers of the economy are the bottom 99 percent of households, but (4) the top 1 percent takes in 93 percent of the growth in income. Also, (5) economic inequality is undercutting tax receipts, which are vital for infrastructure, education and research. This is because (6) income earned by the rich is taxed at a far lower rate than income earned by the middle class.

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