Poverty In America

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Poverty is on the rise in America and has been a part of human civilization for a very long time. So long as humanity maintains social systems that reward luck of birth and other intangibles with other higher social status, we are going to have inequality and poverty. There are some solutions to this problem we all need to look at and think about putting into affect. The U.S. Government is already working to address income inequality and poverty in some ways. There are people who feel they should do more and there are some that feel they should do less. In this paper we will look at what the government is doing and not doing to take on this growing issue of poverty in America. In the United States, we have tried two means of reducing poverty. …show more content…

In fact it has some distinct benefits. It ends poverty as we know it, it reduces the cost of policing the current system and it provides opportunities for people to increase their income by working for the “extras”. However, this idea will be highly unpopular with the wealthy people because it will have to come partially out of their pockets. I feel that we should create infrastructure jobs paid for by the wealthy in taxation. Corporations are currently given tax advantages while they send jobs overseas. I feel jobs should be kept in America instead of companies outsourcing them overseas. They should also be heavily taxed if they do so. In conjunction with these ideas we would need to adjust our basic income every time the wealthy decide to raise prices for their own profit. But most importantly the government should be forcing corporations to pay their taxes and omit loopholes because trickle down economics doesn't account for endless …show more content…

Lower-income earners pay a much higher percentage in combined state, local, income, property, sales, and excise taxes. When all taxes are considered, middle-income and upper-middle-income earners pay about as much as the richest 1 %. Not to mention the richest top 1% are also receiving nearly $900 billion a year on tax expenditures alone. They receive these as subsidies, special deductions, exemptions, exclusions, credits, and loopholes.( ) Loopholes that allow wealthy individuals and corporations to pay nothing in taxes have to be closed. That's it! The tax system must be made more progressive, like it was in the earlier decades. Right now, it is the middle class that pays the highest tax percentages, not the wealthy. The highest tax rate on the middle class is near 30 %, whereas the highest tax rate on the wealthy is maxed out at 15 %. This needs to be reversed. The amount of money being paid out to these companies alone could make a huge impact alone on the poverty level in the U.S. Running some figures and taking a look at what the U.S. government spends on five of the big programs that people think of as welfare today these are estimated

In this essay, the author

  • Opines that the u.s. government is already working to address income inequality and poverty in some ways.
  • Explains that the system currently in place is flawed, but it has done some good in reducing the level of poverty in america.
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