Benefits Of Income Inequality

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Income inequality has been a big factor for many years; Americans hold the wealthy, mostly responsible because of their irresponsible obligations of the economy, stimulated to some degree by rising inequality. Taxing the wealthy does not seem to be the most undeviating resolution to these problems, however putting the economy back on track through justifiable growth does. Americans support guideline laws, job development, fair pay, and education opportunities. Mostly Americans care about opportunities, previously stated, and not income inequality, which was the wrong route to go down. Inequality can itself twist incentives and limit opportunities. This income inequality eventually leads to recessions and depressions. The non-awareness of Americans for income inequality is from chasing opportunities that are not there instead of standardizing the income …show more content…

My grandfather on my mother’s side came from Ireland, as we all know Ireland had potato famine. My grandfather came from the poorest to a well-distinguished man. My grandfather became a police officer for the town of Swansea, also was an angler. He came from nothing to something, marrying my grandmother who was Portuguese decent but her family had wealth. They bought a house in Bristol and had my mother and uncle. I do not know too much about my dad’s side but they came from France and not that wealthy, both grandparent generations trended an upward horizontal mobility. The next generation my parents both stayed around neutral, they were together bought a house and both has good paying jobs, they started a lot better than their parents did, it did take a dip after my father passed away but the social mobility stood as a vertical mobility. Now my generation, I am the first in my family to go to college while working full time. You could assume that after college, I would trend as an upward horizontal mobility, but my story is still being

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