Income Inequality Market Failure Research Paper
An argument can be made that welfare programs have failed to give adequate quantity of output and desirable price. Government welfare programs are not geared towards the development of quality products. Welfare programs have been designed to assist the individual, and not create products. Individuals who receive welfare still work, and still struggle. Rising costs are forcing people who work and are on welfare to still experience weaken conditions and face economic struggle. In this fact, one can make the argument that welfare programs have failed to give adequate quantity of output and desirable price. The "products" of a self- sufficient and non- impoverished citizen are not being produced. At the same time, this same argument can be extended to the other side of the equation. The establishment of corporate welfare in the form of government assistance to corporations through subsidies or straight bailout programs has also been perceived as a failure. These programs have failed to give adequate quantity of output and desirable price. Recent statistics reveal that government bailout programs and subsidies do not come at the cost of the wealthiest of Americans, but rather through the middle class. Programs and subsidies in which the taxpayer is perceived to be paying more to corporations who still are able to experience massive profits for their own benefit would represent a welfare program that have failed to given an adequate quantity of output and desirable price. The shortcoming of present construction welfare has been evident on both the individual consumer level and the corporate one.
Buchheit, Paul. "Average American Families Pays $6K a Year in Big Business Subsidies." 24 Sept. 2013. Web. 14 Sept. 2014. .
Jeffrey, Terence. "Census Bureau: Means-Tested Gov't Benefit Recipients Outnumber Full-Time Year-Round Workers." Cnsnew.com. 24 Oct. 2013. Web. 14 Sept. 2014.
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