In the beginning of Birdsall’s article, she states that there are three specific reasons for why inequality matters: it slows poverty reduction, undermines the political process, and perpetuates a high inequality equilibrium despite the potential economic and political costs” (4). Birdsall states that she i...
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...poor get poorer,” isn’t a new concept that individuals in our society have come to understand, but I don’t think we have truly stopped to question what this phrase really means. A good portion of our population, soon to be 95 percent of it, is forced to hold the base of our country in place while hardly being redeemed for their time and effort. Numbers of these people live from paycheck to paycheck, barely getting by, not because they manage their money poorly, but because the value of their time at work is negligible. Our world is living with extreme poverty, where it must be taken into consideration that millions of Americans live off of food stamps in order to get food to feed their family and to be able to survive, while there are individuals spending millions on cars, boats and houses, “objects” that aren’t essential to their health or well being in this world.
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