The inequality Essay Example | Topics and Well Written Essays - 750 words

The inequality - endeavor ExampleThe blame game going on is deep-rooted in the inappropriate anatomical structure of the American economy that cultivates inequality. Economic inequality can be gauged by comparing the earnings of a actor at the top with those of a worker at the spirit. The economic inequality has grown more(prenominal) than two-folds from 1978 to 2010. Today, four hundred Americans have more income than half of the total population of The US. In the economic boom from the Second human War up until 1978, economic benefits were widely distri simplyed and the whole society benefited. But as the US started to notice from the economic recession of 2008, 95% of the gains went to the top 1% people. Something happened in the early 1980s that altered the family between economic growth and wages for the worse.Along with the stagnation of wages for the middle-class, costs of housing, education, healthcare and separate facilities have soared up. Multinational companies ar e not increasing their products or services range so that more people would be hired because more and more people are aspiring to join the middle class while the purchasing power of the massive middle class in the US is decreasing. The demanding tax laws of the US serve as a disincentive for multinational corporations to bring their money to the US, so they instead spend their money buying other companies e.g. Microsoft buying Nokia. Some inequality is desirable in a capitalist system to motivate people to work hard and rise up economically, but the real problem is rooted in the inequality of opportunities in the US. The inequality of opportunities is much attributable to dark tax laws determined by the top 1% in their own favor. The existing economic structure of the US is shattering Americans confidence in democracy at large. An economy cannot be stable without having a strong middle-class. When adjusted for inflation, the median wage in the US is declining, and that is increasi ng the