Income Inequality Should Not Be a Government Issue

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Income Inequality Should Not Be a Government Issue

According to Robert Reich, there is a big problem in the United States regarding income inequality and wealth inequality. Wealth inequality is on the rise, and it is even more devastating compared to income inequality. This problem arises as a result of lack of savings whereby most Americans especially by the African-American and therefore they lack any wealth. Many of the social problems, for example, poor health and a high crime rate that has been associated to income inequality are in certainty outcomes of poverty, and therefore they should be linked directly to the issue of income inequality. Income inequality exists as acceptable as well as an unavoidable component of a productive capitalist economy. Consequently, the government should not be urged to intervene on the issue by attempting to control the issue of income inequality.

In the current society, advancement is centered on merit and is open to all individuals regardless of gender, race and also class. Therefore unequal results should not be the primary reason for concern. When opportunities tend to be not equal, the government will work hard to make them equal, and by doing this, it will improve social programs like education and health which it could have neglected if there were no income inequalities (Saez et al. p, 562). Demands for high skilled workers has been on the rise, and therefore the government should first improve education especially the public one to make it equal and be available to every child. After the government accomplishes in providing everyone with the same opportunities, income inequality will hence motivate those in poverty to work hard and achieve higher education levels and eventually progress in high paying jobs.

Moreover, the government should not interfere with the income inequality issue since the financial situation has significantly improved in America over the past few years. Therefore whereas the income gap has widened, it has resulted in a dramatic decrease in poverty rates.

Works Cited

Saez, Emmanuel, and Gabriel Zucman. “Wealth inequality in the United States since 1913: Evidence from capitalized income tax data.” The Quarterly Journal of Economics 131.2 (2016): 519-578.

https://www.salon.com/2016/04/28/robert_reich_wealth_inequality_is_even_more_devastating_than_income_inequality_partner/