Monday, April 26, 2010

Post # 4

Here are two paragraphs from Essay #2

Economic inequality is a topic being brought to light more and more these days. There have been a host of essays, articles, and books written about the subject. There was even a documentary movie made about being born rich.


I think that people should be concerned about ridiculous economic inequality, when it means that some people don't get a fair shake. There are hedge funds and other tax craziness that cost the government lots of money with seemingly unfair tax reductions. Krugman said: "The nonpartisan Urban-Brookings Joint Tax Policy Center estimates that letting the Bush tax cuts expire for people with incomes over two hundred thousand dollars would be worth about $140 billion a year starting in 2012. That's enough to pay for the subsidies needed to implement universal health care." It looks like the money gained from fixing those loopholes would go a long way towards balancing things out a bit.

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