The United States undoubtedly maintains an extremely high standard of living. Those who are considered “poor” in the United States still earn a considerably higher amount than most people in the world. It's almost easy to ignore the idea of ​​economic inequality when a majority of American citizens have food to eat and a bed to sleep in. Nonetheless, the United States has the second highest level of income inequality in the world. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay American politicians love to talk about a “level playing field” and creating a free and fair economy when in reality, favoritism is a driving force in the United States. economy. Politicians pick winners and losers through bailouts, subsidiaries, tax breaks and government policies. Ultimately, a business is nothing without a suitable lobbyist. The rich get richer and the poor get poorer, or so they say. Forty years ago, middle-class incomes not only increased with economic growth, but they also increased at a higher percentage than those of the wealthy. Currently, the majority of American citizens see almost nothing of the economic health we currently enjoy. According to the National Bureau of Economic Research, income earned by the poorest 50 fell from 20 percent in the 1980s to 12.5 percent in 2014. At the same time, income rose 121 percent for the top 10, 205 percent for the top 10 and 636 percent. for the richest 0.001 percent. Economic generosity obviously goes straight to the top. The effects of economic inequality are only perpetuated by the U.S. government's inability to properly allocate public spending. Americans spend about 30% of their income on federal, state, and local taxes. However, government redistribution has done little to offset pre-tax inequality. Government redistribution has largely benefited the elderly and the middle class. Individuals in the bottom 50 earners earn an average of $25,000 after tax, barely more than the 20,000 people in the bottom 50 earned in the 1970s. Ultimately, the U.S. tax system fails to achieve this. what it was designed for, namely helping the poor. The current state of economic inequality is already worrying enough; nevertheless, the situation risks getting worse. One explanation for the drastic increase in inequality is that the rise of globalization and technology has allowed a small portion of skilled individuals to take advantage of this change, disproportionately affecting economic income and wealth. Keep in mind: this is just a sample. article now from our expert writers.Get a custom essayAt the end of the day, it seems the American dream no longer exists. The American economy is a rigged system in which wealth and poverty are circumstantial. Those born poor are likely to remain poor, just as those born rich are likely to remain poor..