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Income Inequality Essay

1158 words - 5 pages

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 ...view middle of the document...

Income inequality is necessary for a capitalist society to thrive as it provides competition, hard work, and innovating ideas (Sutter).
Saez presents his credible data through the use of ethos. Saez is a well-known economics professor who devotes time to publish reports about the income inequality in America. Although his reports are strictly opinion, he uses enough historical statistics and actual facts to make his writing credible. Many historical theories lay a foundation that helps prove income inequality is necessary. Social Darwinism is a collection of theories that explain why the rich get richer, while the poor become poorer. Social Darwinists generally claim that the strong and successful people should see their wealth and power increase while the weak and unmotivated should see their wealth and power decrease. This is an excellent explanation for the cause of income inequality and why it shouldn’t be stopped. Wealth can sometimes be a direct result of the hard work and dedication of a person that is motivated to become successful in life. While most people may work as hard as they can and only make an average income, there are the few exceptional cases where people can prosper and rise to great economic stability. For all other citizens, the reality is they may be motivated and driven to become successful just like everyone else, but can only manage a low or middle class job. This reality provides a reason for the inequality in incomes; not every citizen is capable of the same amount of work and therefore they get placed in different jobs with different salaries.
Income inequality also exists because people fail to take advantage of equal economic opportunities. President Barack Obama states, “While we don’t promise equal outcomes, we’ve strived to offer equal opportunity.” If we disregard people born into wealth, every citizen has the same, equal opportunity to become wealthy in their lifetime. Everyone has his or her own dreams. Some are larger than others, but everyone has a common goal to achieve their dreams. Achievement of economic dreams may come easier to people born into wealth, but everyone still has the same opportunities to achieve their goals and prosper. In his speech on income inequality, Obama also declares, “The idea of success doesn’t depend on being born into wealth or privilege, it depends on effort and merit.” Although the potential is there, people may not realize it and will end up taking any job they feel comfortable in. Once again, if someone is dedicated enough and puts in the effort, they...

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