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Financial Inequality in America

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Submitted By andrematt
Words 1746
Pages 7
Matthew Andre
ENC1101
Professor Neuman
December 8, 2011
The Problem Even Congress Cannot Fix: Inequality in America The big story that has been all over the news in recent times is none other than the massive bear of a problem: inequality in America. This not so white elephant has dominated American news stations, but nonetheless has not been resolved. There is without a doubt financial inequality in America, and the main problems with this financial inequality are the flawed educational system where rich dumb kids have a much better chance to graduate college than a hard working poor kid, and the increasingly large gap between the rich and the poor. The cause for the problem of unequal opportunity in schooling is inherently the quality of instructors and schools across the nation, and the cause for the overwhelming rift between social classes is a flawed tax system which punishes success and benefits the poor. Furthermore, the solutions for these two massive problems would be to reform the American educational system to a performance based system and a reformed tax system that broadens the tax base and encourages success. Certainly, the level of financial inequality is an issue. But, why is it such an issue? One of the major underlying problems with financial inequality is the face that rich dumb kids that maybe be in the bottom twenty-five percent of their school but come from families that are in the top twenty-five percent of the socio-economic spectrum have a significantly higher chance of finishing college than students that are in the top twenty-five percent of their school but come from families that are in the bottom twenty-five percent of the socio-economic spectrum (Krugman 327). The reason that this is a problem is that it causes the lower class students in schools not to be able to gain the education that they need to break out of poverty.

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