Topic > Income Inequality Essay - 1002

Tests have been conducted that show that drivers of expensive cars are less likely to yield to pedestrians or other cars. They are also more likely to help themselves to candy intended for children. People of higher status tend to have a greater sense of entitlement and are less generous. People of all walks of life become less kind and less happy when they live in unequal societies. Their status anxiety also becomes greater. Inequality is harmful to mental health and plays a role in our personality. Gilani's article was the one I disagreed with the most. In the three articles, only one approach to reducing income inequality was suggested. Gilani's suggestion was to create a fair tax, that is, to provide a progressive flat tax. This would allow the rich to pay the same tax rate as the poor, even if their economic conditions were completely different. Ronald Reagan was president of the United States from 1981 to 1989. The Economist (“Rich Pickings”) shows a jump in the income share during the last years of his presidency. That was the moment he tried to convince everyone to pay the same relative amount of taxes, as one Gilani suggests. He tried to bring tax rates closer together, but this caused income inequality to rise even more