Wednesday, April 28, 2010

Issue #1- All Things Being Unequal



Summary-


The distance between the middle class and the top earners is growing. The middle class is getting lower wages and there are higher costs for health care, energy, child care, food, education, and retirement. There has been talk about income inequality and the impact it has on the middle class, and only a few agree on what the government should do (if anything). Advocates for government efforts to reduce income inequality think that the gap between the middle class and the top earners is unfairly wide. Some say the government should put restrictions on trade and outsourcing to protect domestic jobs and maintain salary levels. The attempt to protect domestic jobs is called Protectionism. Some argue that the government should increase the taxes on the wealthy and reduce taxes on the middle class and low income workers. Those opposed to the government efforts say it would reduce business profits and leave less to distribute to employees.





My Opinion-



I think that the government should be able to help and try and decrease the gap between the wealthy and the middle class. They should increase taxes on the wealthy and decrease taxes for the middle class and lower earners because the weathy are able to pay more but by taxing the middle class and lower earners the same that will just make the gap bigger between the weathy and the middle class and lower earners.



Issue # 2- Amandas Blog
http://amandapeck4.blogspot.com/2010/04/boosting-minimum.html
Issue #3- Taryns Blog
http://tarynthompson.blogspot.com/2010/04/issue-3-putting-welfare-to-work.html

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