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Cause Of Poverty And Inequality In The United States

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Cause Of Poverty And Inequality In The United States
Bryce Sims
Poli Sci 101
5 March 2017 Poverty and Inequality in the United States Capitalism demands that “wealth is on top and debt is on the bottom” (Salon.com) Income inequality rates are higher in the United States than any other developed democracy and the rates are growing. Large corporations and the top 1% get breaks that the middle and lower class do not. Such as tax breaks, bailouts, and bankruptcy laws being loosened. It can be argued that capitalism is the number one cause of poverty. In order for capitalism to work, someone has to lose. It is very competition based. “Capitalism requires a loser for every winner.” (collective-evolution.com) Small businesses must compete with one another along with large corporations.
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