Topic > Inequality gap between social classes in the United States…

In the article “Confronting Inequality”, Paul Krugman argues that the inequality gap between social classes in the United States is growing due to self-interest. He cites a “movement conservative,” Irving Kristol, who argues that income inequality is not important because social equality exists. Krugman uses Kristol's statement as a starting position to assert his own. Krugman describes the statement as a “fantasy world” and not the “real America we live in” (Krugman 246). I agree with your statement, many people were not aware of this problem five years ago, that the upper class is gaining power. They have “their own virtual country” and “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 damaging America's vision of equality for all. Their chances of achieving the American Dream have been diminished due to government, healthcare, and self-interest. Krugman implies that the government is controlled by wealth and the upper class. For example, any case brought to court can always be settled with money. Think about how celebrities commit crimes and don't have to spend time in prison. The rich pay their way out of their problems, which makes the payment unfair for the rest of the people who can't afford it. The government has also been involved in reducing taxes on the rich, making them richer. Krugman adds, “the hedge fund loophole is a classic example of how the concentration of income among a few corrupts politics” (Krugman 250). The hedge fund loophole is lowering taxes on highly successful corporate managers and hurting government profits. While the government... middle of paper... has more money to spend on people who need it. America's social inequality can benefit by bringing the rich and wealthy closer to the middle class. These steps must be taken so that the United States can progress and return to being a country of opportunity. Krugman believes that “the American state is in trouble today,” but we can help “reduce inequality and make America a middle-class nation again” ( Krugmann 263). The government can profit by raising taxes on the rich. This profit could then be used to clean up 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 must be an understanding of both for opportunities in this country to be considered equal. Krugman insists on a change that eliminates any government bias against the rich.