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Essay / 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 widening in due to personal interest. He cites a “conservative movement,” Irving Kristol, who argues that income inequality is not important because there is social equality. Krugman uses Kristol's statement as a starting point to state his own. Krugman describes this claim as 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 problem five years ago, 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 classes from achieving the same success. Diminishing opportunities for the lower classes harm America's vision of equality for all. Their chances of achieving the American dream have been diminished by government, health care, and self-interest. Krugman implies that the government is controlled by wealth and the upper class. For example, any matter brought to court can always be settled with money. Think about how celebrities commit crimes and don't have to spend time in jail. The rich pay their way out of their problems, which makes the situation unfair to the rest of the people who can't afford it. The government was also involved in cutting taxes for the rich, thereby making them richer. Krugman adds: “The hedge fund loophole is a classic example of how the concentration of revenue in a few corrupts politics” (Krugman 250). The hedge fund loophole reduces taxes for highly successful business leaders and hurts state profits. While the government... middle of paper ...... has more money to spend on people who need it. American social inequality can benefit by bringing the rich closer to the middle class. These steps must be taken for the United States to move forward and become a land of opportunity again. Krugman believes that “the American state is troubled today,” but we can help “reduce inequality and make America a middle-class nation again” ( Krugman 263). The government can profit from raising taxes on the rich. This profit could then be used to repair the healthcare system, making it accessible to everyone. Krugman's idea of equality in the United States concerns both social equality and income equality. Both must be understood for the opportunities to be considered equal in this country. Krugman insists on change that will eliminate government bias against the wealthy.