Bernie Sanders's Argumentative Analysis
The U.S. is home to some of the world's wealthiest families and corporations. It is a land of opportunity for many; however, among developed nations America has the highest rates of income inequality. Income inequality has been rapidly rising in America since the late 1970s. Income inequality has a host of social-economic consequences, and the topic has become a cornerstone issue for the socialist senator from Vermont, Bernie Sanders. His campaign is heavily focused on the economy, but more than that, his economic policies are heavily focused on reversing the upward trend in income and wealth inequality.
Sanders has made it clear that tackling income inequality is a critical aspect of his presidential campaign: “Are we prepared to take on the …show more content…
Proponents of Sanders' work argue that tilting the balance of economic rewards in favor of the poor is likely to benefit the overall economy rather than hurt it. The rich tend to have much lower marginal propensities to consume than the poor. Thus, for every extra dollar of income the rich earn they spend less of it than the poor. In an economy that seems to be struggling with a lack of aggregate demand, redistributing incomes from the wealthy to the poor is likely to spur economic growth to the benefit of all. As a self-proclaimed socialist, Bernie Sanders is campaigning on a platform that promises to empower the bottom 99% through minimum wage reforms and strengthening the labor movement while increasing taxes and eliminating tax loopholes for the super-rich. With income inequality reaching highs not seen since before the Great Depression Sanders aims to champion the 99%. Now in contrast many economists say Donald Trump’s proposals from big import tariffs to mass deportations would hurt the very demographic that supports him in the greatest numbers: less educated voters struggling in a tepid U.S. economy. If Trump policies actually went into effect, these economists say, prices for goods lower-income Americans depend on could soar and a depleted low-end labor force could trigger a major downturn. Trump’s appeal rests in part on the sense that he will be a tougher
Sanders has made it clear that tackling income inequality is a critical aspect of his presidential campaign: “Are we prepared to take on the …show more content…
Proponents of Sanders' work argue that tilting the balance of economic rewards in favor of the poor is likely to benefit the overall economy rather than hurt it. The rich tend to have much lower marginal propensities to consume than the poor. Thus, for every extra dollar of income the rich earn they spend less of it than the poor. In an economy that seems to be struggling with a lack of aggregate demand, redistributing incomes from the wealthy to the poor is likely to spur economic growth to the benefit of all. As a self-proclaimed socialist, Bernie Sanders is campaigning on a platform that promises to empower the bottom 99% through minimum wage reforms and strengthening the labor movement while increasing taxes and eliminating tax loopholes for the super-rich. With income inequality reaching highs not seen since before the Great Depression Sanders aims to champion the 99%. Now in contrast many economists say Donald Trump’s proposals from big import tariffs to mass deportations would hurt the very demographic that supports him in the greatest numbers: less educated voters struggling in a tepid U.S. economy. If Trump policies actually went into effect, these economists say, prices for goods lower-income Americans depend on could soar and a depleted low-end labor force could trigger a major downturn. Trump’s appeal rests in part on the sense that he will be a tougher