The article “How income inequality benefits everybody” written by George F. Will was published in the Washington Post. Will begins the article by explaining that workers in China manufacture goods for other countries and earn about as much as Americans would spend on a latte each day. The author then explains that this cycle increases American’s disposable income.
In the next paragraph, Will mentions that most of the people who were the richest people in the 1980s were no longer the richest people in 2013. He then suggests that the world needs more billionaires like Mark Zuckerburg, Steve Jobs, and Bill Gates. Although these people would be able to charge more money for their products, they charge less because more people will buy their products if they are sold at a lower price and “profits attract imitators and innovators.”
In the next section of this article, Will explains that he believes that monopoly profits are a good thing because they show people how …show more content…
Firstly, due to income inequality only a few people have most of the income in America, resulting in only these few people having most of the power in America. For example, since politicians need donations to run their campaigns and eventually win, they will try to please the people that donate more money, causing the interests of the rich to be represented more throughout the government, and the beliefs of everyone else to be ignored. Since Will does not mention this negative impact and many other negative impacts of income inequality, his article seems incomplete and biased. In addition to this, the author does not mention impacts, positive or negative, of decreasing the inequality gap. Because he does mention the impacts of reducing the income inequality gap, his argument that the gap is beneficial is