The top 1% seems as if it is definitely getting help from somewhere in the system, in regard to the prosperity they have been basking in periodically since the early 1980's in comparison to other developed countries across the world. The top 1% income share in the U.S. is staggeringly contrast to those of other countries such as France, Germany, the Netherlands, Sweden and the U.K.- Maulford Smith
The point that really stands out to me in this article is that economic inequality is a separate concern altogether from inequality of opportunity and politics. Whether or not some people deserve to be making more money that others isn't the question of importance in the inequality debate- it's a question of the future opportunities of people. Systematic inequality and loss of opportunity for upward mobility is what is truly anti-American, rather than the "safety blanket endorsing the laziness of the poor", as Paul Ryan claims.
I liked this article because it deals with something that is otherwise easily overlooked when talking about inequality, namely the fact that the system as a whole might be set in a way that benefit those on top. ''Economic inequality often comes bundled with inequality of opportunity and political inequality''. And of course as this inequality grows so does the power of the top 1% further disrupting the balance in the system. There is a culture in the U.S that believe in hard work and the American dream. These are not necessarily bad things, in fact I think they are very beneficial to a country's economic growth, but it is not sufficient, the infrastructure must be in place which allows people who work hard to have a chance to achieve their goals. Innovation stems from this not by inherited and concentrated wealth. - Visar Berisha
The top 1% seems as if it is definitely getting help from somewhere in the system, in regard to the prosperity they have been basking in periodically since the early 1980's in comparison to other developed countries across the world. The top 1% income share in the U.S. is staggeringly contrast to those of other countries such as France, Germany, the Netherlands, Sweden and the U.K.- Maulford Smith
ReplyDeleteThe point that really stands out to me in this article is that economic inequality is a separate concern altogether from inequality of opportunity and politics. Whether or not some people deserve to be making more money that others isn't the question of importance in the inequality debate- it's a question of the future opportunities of people. Systematic inequality and loss of opportunity for upward mobility is what is truly anti-American, rather than the "safety blanket endorsing the laziness of the poor", as Paul Ryan claims.
ReplyDeleteI liked this article because it deals with something that is otherwise easily overlooked when talking about inequality, namely the fact that the system as a whole might be set in a way that benefit those on top. ''Economic inequality often comes bundled with inequality of opportunity and political inequality''. And of course as this inequality grows so does the power of the top 1% further disrupting the balance in the system. There is a culture in the U.S that believe in hard work and the American dream. These are not necessarily bad things, in fact I think they are very beneficial to a country's economic growth, but it is not sufficient, the infrastructure must be in place which allows people who work hard to have a chance to achieve their goals. Innovation stems from this not by inherited and concentrated wealth. - Visar Berisha
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