The Issue of the Rise of Economic Inequality in America: [Essay Example], 418 words GradesFixer

Haven't found the right essay?

Get an expert to write your essay!


Professional writers and researchers


Sources and citation are provided


3 hour delivery

This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

The Issue of the Rise of Economic Inequality in America

Download Print

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

Download PDF

Increasing economic inequality is a significant issue in America in recent years there has been a marked slowing of growth across the world’s wealthiest economies, with none returning to the growth trends experienced before the crisis. The wealthy economies are fundamentally unable to create enough demand to keep growing. The mainstream political consensus has for decades now suggested that inequality is a price worth paying for economic growth. It states in the article “A rich country with millions of poor people. A country that prides itself on being the land of opportunity, but in which a child’s prospects are more dependent on the income and education of his or her parents than in other advanced countries.” (Stiglitz, 2014, p.89) In a country that believes in fair play, but in which the richest often pay a smaller percentage of their income in taxes than those less well off. A country in which children every day pledge allegiance to the flag, asserting that there is “justice for all,” but in which, increasingly, there is only justice for those who can afford it.

The articles further states “Too much of the wealth at the top of the ladder arises from exploitation—whether from the exercise of monopoly power, from taking advantage of deficiencies in corporate governance laws to divert substantial amounts of corporate revenues to pay CEOs’ outsized bonuses unrelated to true performance, or from a financial sector devoted to market manipulation, predatory and discriminatory lending, and abusive credit card practices.” (Stiglitz, 2014, p. 89) Meaning that inequality undermines meritocracy, so the most talented don’t rise to the top. Instead, the children of the elite stay in positions of power, and the economy grows less innovative and productive as a result. Inequality may also discourage people from putting in effort to climbing the ladder, undermining work, and effort. If inequality is a problem, how to address it? Many argue for more redistribution from rich to poor.

But how this money is delivered and spent is crucial. Some share of the discontent is not purely economic. In addition, “If we actually made corporations pay what they are supposed to pay and eliminated loopholes we would raise hundreds of billions of dollars. With the right redesign, we could even get more employment and investment in the United States.” (Stiglitz, 2014, p.91) But because, of large companies like Apple and Google who have created products making America the envy of the world they use this to their advantages to avoid paying federal corporate taxes.

Remember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism free

Sources and citations are provided

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

The Issue of the Rise of Economic Inequality in America. (2018, October 26). GradesFixer. Retrieved October 20, 2020, from
“The Issue of the Rise of Economic Inequality in America.” GradesFixer, 26 Oct. 2018,
The Issue of the Rise of Economic Inequality in America. [online]. Available at: <> [Accessed 20 Oct. 2020].
The Issue of the Rise of Economic Inequality in America [Internet]. GradesFixer. 2018 Oct 26 [cited 2020 Oct 20]. Available from:
copy to clipboard

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.


    Attention! this essay is not unique. You can get 100% plagiarism FREE essay in 30sec

    Recieve 100% plagiarism-Free paper just for 4.99$ on email
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample

    Sorry, we cannot unicalize this essay. You can order Unique paper and our professionals Rewrite it for you



    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer uses cookies. By continuing we’ll assume you board with our cookie policy.