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Income Inequality In The United States

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Income redistribution and the Progressive Taxation Hanwen, Hsu According to the research of the Emmanuel Saez(1), the income inequality in United States is a very serious problem. Refer to the diagram, we can see that the highest-earning 10% can make a lot of money, almost half of the total income of all American Besides, according to data from OECD (2), the income inequality problem is more horrible than most of developed-world countries (rank 10 out of 31) But why income inequality is a big issue? I think it is because that if the income inequality is becoming bigger, it means that fewer people can become rich by hard working. That is, people have less opportunity to realize their own dreams when the society is lack of economic mobility across generations. To a certain extent, we have less incentive to work hard when the richest people get most of money of the society. …show more content…

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