In the article “Confronting Inequality”, Paul Krugman argues that the gap of inequality between social classes in the United States is growing because of self- interest. He cites a “movement conservative”, Irving Kristol, who claims income inequality is not important because there is social equality. Krugman uses Kristol’s statement as a starting position to state his own. Krugman describes the claim as being a “fantasy world” and not the “real America we live in” (Krugman 246). I agree with his statement, many people were not aware of this issue five years ago, the fact that the upper class is gaining power. They have “their own virtual country” and “a separate economy” (Krugman 246). The upper class has many opportunities that prevent the middle and lower class from achieving the same success. Fewer opportunities for the lower classes are harming America’s vision of equality for all. Their chances of achieving the American Dream have been cut down because of government, health care, and self-interest. Krugman implies that government is being controlled by wealth and the upper class. For example, any case that is brought to courts can always be settled with money. Think about how celebrities commit felonies and do not have to spend time in jail. The wealthy pay their way out of their problems which makes it unfair for the rest of the people who cannot afford it. The government has also been involved in reducing taxes on the rich, making them wealthier. Krugman adds, “the hedge fund loophole is a classic example of how the concentration of income in a few corrupts politics” (Krugman 250). The hedge fund loophole is decreasing taxes on highly successful business managers and is harming the government’s profits. While the governme... ... middle of paper ... ...ve more money to spend on people who need it. America’s social inequality can gain from it by bringing the rich and wealthy closer to the middle class. These steps need to be taken in order for the United States to progress and return to a country of opportunity. Krugman believes that “today America’s state is troubled” but we can help “to reduce inequality and make America a middle class nation again” (Krugman 263). The government can profit by raising the taxes on the rich. This profit could then be used to fix the healthcare system, making it available to all people. Krugman’s idea of equality in the United States has to do with both social and income equality. There has to be an understanding of both in order for opportunity in this country to be considered equal. Krugman insists on a change that will eliminate any biases towards the wealthy by the government.
Paul Krugman, in his article “The Death of Horatio Alger” suggests that social mobility among classes in the United States is becoming more difficult by the day. Krugman explains that the idea of the American Dream and moving from class to class was once semi easily attainable; but is now seemingly impossible. Although America is thought of as a classless society, the country has a whole is moving into a caste society run by the rich.
Social and economic class is something we as Americans like to push into the back of our minds. Sometimes recognizing our class either socially or economically can almost be crippling. When individuals recognize class, limitations and judgment confront us. Instead, we should know it is important to recognize our class, but not let it define and limit us. In the essay, “Class in America”, Gregory Mantsios, founder and director of the Joseph S. Murphy Institute for Worker Education at the School of Professional Studies, brings to light the fact that Americans don’t talk about class and class mobility. He describes the classes in extremes, mainly focusing on the very sharp divide between the extremely wealthy and extremely poor. In contrast, George
According to Gregory Mantsios many American people believed that the classes in the United States were irrelevant, that we equally reside(ed) in a middle class nation, that we were all getting richer, and that everyone has an opportunity to succeed in life. But what many believed, was far from the truth. In reality the middle class of the United States receives a very small amount of the nation's wealth, and sixty percent of America's population receives less than 6 percent of the nation's wealth, while the top 1 percent of the American population receives 34 percent of the total national wealth. In the article Class in America ( 2009), written by Gregory Mantsios informs us that there are some huge differences that exist between the classes of America, especially the wealthy and the poor. After
We, as Americans, view inequality one way, while Krugman perceives it rhetorically. This rhetorical view represents his signal to us, stating the fact that our society changes continuously. “The America I grew up in was a [...] middle class society. Over the past generation,
If you have ever read the book 1984 by George Orwell, then an interesting topic may have crossed your mind. The way the classes of people break down can be quite similar, and very different at times. In the United States, we have classes like the lower class, the working class, and the middle class. In 1984, there were such classes as the Proles, the Outer Party, and the Inner Party. The way the classes are broken down in 1984 reminds me a little bit of my old history class. When I studied medieval times and the classes back then were broken down into the nobles, the bourgeois, and the serfs.
Growing up in The United States, people are given this idea of an American Dream. Almost every child is raised to believe they can become and do anything they want to do, if one works hard enough. However, a majority of people believe that there is a separation of class in American society. Gregory Mantsios author of “Class in America-2009” believes that Americans do not exchange thoughts about class division, although most of people are placed in their own set cluster of wealth. Also political officials are trying to get followers by trying to try to appeal to the bulk of the population, or the middle class, in order to get more supporters. An interesting myth that Mantsios makes in his essay is how Americans don’t have equal opportunities.
In Mantsios’ “Class in America” he provides us with four myths about the United States. In one of these myths the idea is brought up that the United States is, at its core, a classless society. It is also states that whether rich or poor, everyone is equal in the eyes of the law. The myth also states that health care and education are provided to everyone regardless of their financial stability. This idea about a classless society is exactly what Mantsios claims it to be, a myth. It is untrue to state that everyone is equal in the eyes of the law, and to believe that whatever differences exist in financial standing are insignificant. There are clear distinctions between different groups of people depending on their economic and social standing.
In "Class in America", Gregory Mantsios says that "when politicians and social commentators draw attention to the plight of the poor, they do so in a manner that obscures the class structure and denies any sense of exploitation." Based off our readings, class discussion and films, income inequality is known to be erased or ignore. Our society frowns upon the expression of income in our daily conversations, as it could be seen braggy or a complaint depending on your status of income. Because it's frowned upon to talk about, the topic of income inequality becomes erased or ignored. In addition, income inequality in America's class structure can affect people's ability to reach their American Dream.
Wealth inequality and income inequality are often mistaken as the same thing. Income inequality is the difference of yearly salary throughout the population.1 Wealth inequality is the difference of all assets within a population.2 The United States has a high degree of wealth distribution between rich and poor than any other majorly developed nation.3
Income inequality not only harms us fiscally, but also affects our mental and physical wellbeing; therefore, it is important to identify the right ways to control wealth distribution among people.
Divisions within the social stratum is a characteristic of societies in various cultures and has been present throughout history. During the middle ages, the medieval feudal system prevailed, characterized by kings and queens reigning over the peasantry. Similarly, in today’s society, corporate feudalism, otherwise known as Capitalism, consists of wealthy elites dominating over the working poor. Class divisions became most evident during America’s Gilded Age and Progressive era, a period in time in which the rich became richer via exploitation of the fruits of labor that the poor persistently toiled to earn. As a result, many Americans grew compelled to ask the question on everyone’s mind: what do the rich owe the poor? According to wealthy
In Confronting Inequality, Paul Krugman discusses the cost of inequality and possible solutions. Krugman argues to say that it is a fantasy to believe the rich live just like the middle class. Then, he goes into detail about how middle class families struggle to try to give their children a better life and how education plays a factor in children’s future lives. For example, children’s ability to move into higher education could be affected by their parents economic status. Also, He discusses how politicians play a role in the inequality, because most of politicians are in the upper economic class. Finally, Krugman says how we could possibly have solutions to these various inequalities, but how America won’t get
Where would you consider yourself with your ranking in America 's social classes, are you upper class, middle class or even lower class? This is actually very important when it come to you receiving opportunities and in a sense special treatment. I’m referring to of course social inequality which is still very much alive in America and still affects a lot of families mostly in a negative way. This problem in America has grabbed the attention of two authors, Paul Krugman who wrote “Confronting Inequality” and Gary S. Becker and Kevin M. Murphy who wrote “The Upside of Income Inequality”. However, they both have different views on inequality Krugman believes that social inequality is only negative while on the other hand, Becker and Murphy believe
Income inequality has affected American citizens ever since the American Dream came to existence. The American Dream is centered around the concept of working hard and earning enough money to support a family, own a home, send children to college, and invest for retirement. Economic gains in income are one of the only possible ways to achieve enough wealth to fulfill the dream. Unfortunately, many people cannot achieve this dream due to low income. Income inequality refers to the uneven distribution of income and wealth between the social classes of American citizens. The United States has often experienced a rise in inequality as the rich become richer and the poor become poorer, increasing the unstable gap between the two classes. The income gap in America has been increasing steadily since the late 1970’s, and has now reached historic highs not seen since the 1920’s (Desilver). UC Berkeley economics professor, Emmanuel Saez conducted extensive research on past and present income inequality statistics and published them in his report “Striking it Richer.” Saez claims that changes in technology, tax policies, labor unions, corporate benefits, and social norms have caused income inequality. He stands to advocate a change in American economic policies that will help close this inequality gap and considers institutional and tax reforms that should be developed to counter it. Although Saez’s provides legitimate causes of income inequality, I highly disagree with the thought of making changes to end income inequality. In any diverse economic environment, income inequality will exist due to the rise of some economically successful people and the further development of factors that push people into poverty. I believe income inequality e...
Income inequality continues to increase in today’s world, especially in the United States. Income inequality means the unequal distribution between individuals’ assets, wealth, or income. In the Twilight of the Elites, Christopher Hayes, a liberal journalist, states the inequality gap between the rich and the poor are increasing widening, and there need to have things done - tax the rich, provide better education - in order to shortening the inequality gap. America is a meritocratic country, which means that everybody has equal opportunity to be successful regardless of their class privileges or wealth. However, equality of opportunity does not equal equality of outcomes. People are having more opportunities to find a better job, but their incomes are a lot less compared to the top ten percent rich people. In this way, the poor people will never climb up the ladder to high status and become millionaires. Therefore, the government needs to increase all the tax rates on rich people in order to reduce income inequality.