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Pros And Cons Of Income Inequality

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Pros And Cons Of Income Inequality
Income distribution or redistribution as some call it takes place when money is taken away from someone and given to someone else. Most of the time it is taken away from someone who has earned it and given to someone who has not. Why does this happen and when did it begin? What are the benefits and what are the unintended consequences? I will try to answer these questions and give another option in the next few paragraphs. The beginning of social safety nets began, in the United States, during the New Deal . It began with the introduction of Social Security. The Social Security Act of 1935 provided the first needs based program for providing cash payments to families with needy children.(tiki-toki). From there we have added; a national school …show more content…
People willing to take chances and open businesses built America. These chances brought us the airplane, the automobile, skyscrapers, and advanced military machines and weapons. Should we limit the amount of income earned by theses great entrepreneurs? As with patents these people have invested all the time and money to develop and produce their product and should be able to reap the benefits of such. We should not force them to give money to anyone who has not put in the effort. It is not a market failure for hard work to equal higher wages. (Pettinger). Having an inequality of income and not redistributing it will lead to more innovation and discoveries because people will see that as the only way to improve their situation. If I could make the same amount of money doing nothing I would probably be inclined to do …show more content…
If we continue to take from the wealthy to fund programs for people will not work then we are destroying our country. I also believe that those that are fortunate to have more should give to the ones less fortunate. This will only make our country better. I also believe that if the government wants to help those lee fortunate people it should and can by finding them jobs. There are some that are unable to work and we as a society should provide for their basic needs, but those that can work should be forced to in order to receive assistance. This would give these people a purpose and hopefully get them moving toward a self-sufficient
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