Should the American government redistribute wealth? This is one of the many issues we are facing as a country today. “There are two sides to every story", as people quote often and that's the way it is in politics also. There are advantages and disadvantages to redistributing the wealth in the United States. It's important to look at both sides and then make our decision.
“Redistributing the wealth in the country means that we are transferring income from one person to another and vice versa. This can be completed through taxes, welfare, housing programs, etc. We already have the process of redistributing wealth going on to some extent in order to assist the people in our communities” (business dictionary.com). The income inequality …show more content…
People on this side of the argument make the point that capitalism can be a greedy system especially when the rich do more to promote their wealth instead of helping others strive for success. The government needs to step in when this happens in order to protect the poor and middle class from being treated without compassion. Americans believe in freedom so, the lower classes should be given equal opportunities as the rich are given. Rich business owners should be motivated to create jobs for the middle class and poor or they should be prepared to pay their fair share in taxes. If certain rich people do not help people in need then they should be willing to give money to maintain redistribution programs. Most rich people have enough to spread around anyways and by being a part of the government they are being productive citizens. Redistributing wealth in the country can promote a sense of humanity and caring for each other, also. If we do not redistribute wealth then poor people are more likely to become angry with the government and not be encouraged to get back on their feet by themselves. Citizens who are for the redistribution of wealth argue that the income inequality gap between the poor and the rich is higher and more detrimental than other individuals want to admit. One source states that, “about $350 billion is going towards services that provide for low income families” (Econlib.org). A large amount of money is being redistributed towards the poor, but the gap is still large and more effort should be made towards redistributing the wealth. “Poor people usually have a greater disadvantage in education, healthcare, staying out of trouble, drug and alcohol consumption etc.” (HuffingtonPost.com). It is possible for the United States to experience another Great Depression in the future. “American firms earned record profits during the 1920s and reinvested much
“Redistributing the wealth in the country means that we are transferring income from one person to another and vice versa. This can be completed through taxes, welfare, housing programs, etc. We already have the process of redistributing wealth going on to some extent in order to assist the people in our communities” (business dictionary.com). The income inequality …show more content…
People on this side of the argument make the point that capitalism can be a greedy system especially when the rich do more to promote their wealth instead of helping others strive for success. The government needs to step in when this happens in order to protect the poor and middle class from being treated without compassion. Americans believe in freedom so, the lower classes should be given equal opportunities as the rich are given. Rich business owners should be motivated to create jobs for the middle class and poor or they should be prepared to pay their fair share in taxes. If certain rich people do not help people in need then they should be willing to give money to maintain redistribution programs. Most rich people have enough to spread around anyways and by being a part of the government they are being productive citizens. Redistributing wealth in the country can promote a sense of humanity and caring for each other, also. If we do not redistribute wealth then poor people are more likely to become angry with the government and not be encouraged to get back on their feet by themselves. Citizens who are for the redistribution of wealth argue that the income inequality gap between the poor and the rich is higher and more detrimental than other individuals want to admit. One source states that, “about $350 billion is going towards services that provide for low income families” (Econlib.org). A large amount of money is being redistributed towards the poor, but the gap is still large and more effort should be made towards redistributing the wealth. “Poor people usually have a greater disadvantage in education, healthcare, staying out of trouble, drug and alcohol consumption etc.” (HuffingtonPost.com). It is possible for the United States to experience another Great Depression in the future. “American firms earned record profits during the 1920s and reinvested much