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The Role Of Income Inequality In The United States

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The Role Of Income Inequality In The United States
President Obama called widening income inequality the “defining challenge of our time”. The political firestorm created from perceived economic inequality is an increasingly vexing problem in the United States. The belief, that the richest citizens use their power and privilege by abusing the most vulnerable with impunity, as think tank philosophers feed mob rule passions for equality through “divide and conquer” Machiavellianism. Consequently, allowing the government and wealthy individuals to subvert the republican government by maneuvering regulations narrowly towards oligarchic or autocratic directions. Ultimately, delivering economic wealth to corporate or even foreign powers. What is the basic, the essential, the crucial principle that differentiates freedom from slavery? Derek Thompson’s Barack Obama, Inequality Fighter feeds the Baconian type notion that income inequality is purely factual while dismissing the economic freedom principle of voluntary action over regulatory coercion. …show more content…
Accordingly, “Prince” Obama, demands pushing aside economic reason, as income inequality transforms into ethical relativism. For example, Thomson embraces the culprit of U.S. labor markets having a large pool of low-wage workers and a uniquely rich top percentile for the widening pre-tax inequality. However, according to a 2013 California Department of Finance report, Hispanics now outnumber Whites in the state. Disregarding the voluntary influx of unskilled and uneducated workers into the market as contributing to the income disparity, subsequently, allows no natural-rights limits on the power and actions of the state in correcting a manufactured injustice. Therefore, Obama’s income inequality expresses a Keynesian
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