The Vicious Circle of Income Inequality
In a New York Times article: The Vicious Circle of Income Inequality, the author Robert H. Frank, establish an argument that wealthy people could easily control the economy, that leads to inequality. Therefore, it increase the growing income gap in the globe. In America, Inequality has been the main issue, it leads to political debates and public opinion. In addition, the talents of many poor people have been thrown to waste, due to lack of income. On the other hand, the wealthy. The author claimed that money is the dictator of life. Wealthy people get richer every day by having a business to enrich their wealth. Therefore, wealthy people influence the political process by helping to advance technology that could help public facilities. The inequality of income distribution also affects the future of the next generation. with the tighter budget that middle and lower class receive, the future life of the young, smart and talented children of the lower classes will be repeated, and will never become a higher class citizen "rags to rags in three generations".
Frank, Robert H. "The Vicious Circle of Income Inequality." The New York Times. The New York Times, 11 Jan. 2014. Web. 27 Feb. 2014.
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