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Economic Growth versus Income Inequality For ten years now our economy has been growing more dramatically than any other time since World War II The stock market is at an all-time high The government is spending less on itself and more on the people-weve finally achieved a balanced budget If were doing so well why isnt everyone getting rich Most economists point to the fact that the upper class is running away with capitalism-and that the middle class is left to defend itself Many experts have renamed it the anxious class because most Americans in fact 70 of the entire population isnt living the lifestyle their parents had in the fifties while the top 5 is more affluent than ever before This brings us to the two problems we face as a nation Should we slow down growth to let everyone else catch up Or will addressing income inequality eventually hurt the economy for everyone Three different perspectives have been created that attempt to solve these problems Fair share proponents want drastic government intervention to guarantee equal benefits and results for everyone at the expense of growth Fair start supporters feel that by providing equal opportunity the playing field will be leveled without hurting the growth of the economy Those in favor of free market are satisfied with current conditions and if anything would like to see less regulation in business and more growth to an economy that appears to be slowing down as it is Free market supporters who I will refer to as strict capitalists want to accelerate and accentuate the expansive growth periods of the late-nineties They feel that a capitalist economy if rested in the hands of its laborers and consumers is able to stand on its own because it are the participants that can make the best decisions as to how goods are allocated and certain needs are met For this growth to be prolonged they accept
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