Income Inequality In The Middle Class

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The plight of the middle class has become a controversial issue amongst the media as growing income inequality has risen in the nation’s consciousness (Boushey, 2012). The steady increase in income inequality in the United States is known to be actually shrinking the size of America’s middle class. (Miller, 2014). Famous philosopher, Aristotle, “pointed out that if the working class disappears, then the poor will become the majority. The poor are often less educated than the rich, and usually tend to struggle just to make ends meet. If the poor are the majority, then in a democracy they will vote to take away the money from the rich” (Why Inequality Matters, 2015). … levels of inequality and the financial stress on the middle class have risen …show more content…

What matters now is that their value system holds together, as vague, priggish and narcissistic as it is. Because without this middle-class state of mind, this ever expanding inequality governed by aristocrats looks less like a democracy and more like a system that never shook off feudalism (Moore 2013). The middle class and democracy share a common correlation that positively impacts economic prosperity. However, when you throw income inequality into the mix, economic growth hits a roadblock and the middle class starts to diminish. Today America’s middle class is shaky and studies show how vulnerable the economy is to political influence. It’s time for policymakers to interfere and reverse the negative trends “by working to boost middle-class incomes and to ensure that the essentials of a middle-class lifestyle remain affordable. Doing so will help rebuild the middle class so that all workers—not just those at the very top—can benefit from America’s future economic growth” (Miller, 2014). It’s quite evident that solutions have been proposed to fix these prevalent economic issues, yet taking firm political action fails to spark interest in legislature. Many explanations have been introduced and each are different. Aristotle argues six fundamental reasons why the health of our democracy and economy withers. In summary, he …show more content…

Unfortunately, it’s clear to see that as the middle class disappears, democracy follows. In order to keep a healthy standing democracy, different strategies have been developed to settle the problems that threaten a striving middle class. Today America’s middle class has shifted into a period of slow decline due to income inequality and poor political policies. Aristotle’s six theoretical concepts were proposed to help clarify why a strong middle class is important. While other economists like Gar Alperovitz focused on plans to promote economic growth and cut down on financial disparity. The number of policies that can be drafted to Congress, in regard to improving our middle class are staggering. Negotiating fair wages, lowering monthly mortgage, and decreasing school debt are of the many steps to expanding the middle class (Madland, 2013). Once laws are enacted in favor of the middle class, the bourgeois will further grow and democracy will continue to

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