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Knowing some of these causes may be the first step.
With the rise in wealth of society’s richest members, the U.S is seeing a shrinking middle class. (Perelman 47) How is this possible? Many of these members are able to hide how much they are really making in order to avoid paying high taxes. This only hurts the rest of the population...
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This only hurts the rest of the population. The top 1% of households owns 40% of the financial wealth in all of the U.S. (Perelman 52) These growing inequalities make social mobility among classes increasingly difficult. With less tax money coming from the rich, programs designed to aid those wishing to get ahead and move up the ladder of success are being under-funded...
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