Poverty and inequality

Povertyand inequality

Author’sname

Povertyand inequality

Socialissue:The Canadian society comprises of the haves who are in control ofmost resources while the have-nots suffer from inequality.

Sources:

Clemens,J., &amp Niels, V. (2012, November 20). FraserInstitute.Retrieved September 29, 2016, from Fraser Institute Website:https://www.fraserinstitute.org/article/inequality-fundamentally-misunderstood

Mackenzie,H. (2013, January 17). PolicyAlternatives.Retrieved September 29, 2016, from Policy Alternatives Website:https://www.policyalternatives.ca/publications/commentary/why-99-cent-still-matter-canadian-politics

Opposingviews:

Yes.According to Mackenzie, the rich comprises 1 percent while the poortake 99 percent of the population. There is back and forth mobilityin the middle and lower class, but less at the top wealthyindividuals.

No.According to Clemens and Niels, there is nothing as inequality in thesociety and people move from the bottom to the upper part, and up tobottom of income mobility ladder.

Outlineof argument:

Mackenziestipulates that inequality in Canada has not changed since 1998 andhas been steady in the recent past, creating a wider gap between thewealthy and the have-nots[ CITATION Mac13 l 1033 ].The author refutes the idea of economic mobility citing no movementat the top 1 percent wealthy individuals. Income inequality hasworsened social relationships between the rich and the poor,resulting in gated communities. The author asserts that there is abig gap between the have and the have-nots as evidenced in theirlifestyle[ CITATION Mac13 l 1033 ].For instance, the rich choose where to live, where to pay taxes andwhere to educate their children in among others[ CITATION Mac13 l 1033 ].The author concludes by speculating that the gap between the rich andthe poor will result in social unrest that even the top 1 percentwouldn’t escape.

Accordingto Clemens and Niels, there is a misinterpretation of the inequalityconcept among economists and researchers as they fail to incorporatethe idea of income mobility in its analysis[ CITATION Cle12 l 1033 ].The authors disagree with the opinion that the rich remain rich whilethe poor stay poor, over time. The concept brought forward focus onthe income mobility of different kinds of people in the society.Accordingto the authors, individuals’ income change with time, thus creatingan economic mobility. For instance, an individual earning $ 1000today would make $ 10,000 in 20 years to come. Alternatively, peoplewith higher incomes also moved from top to bottom. Therefore, theincome ladder creates a society where individuals climb or descenddepending on their earnings.

References

Clemens, J., &amp Niels, V. (2012, November 20). Fraser Institute. Retrieved September 29, 2016, from Fraser Institute Website: https://www.fraserinstitute.org/article/inequality-fundamentally-misunderstood

Mackenzie, H. (2013, January 17). Policy Alternatives. Retrieved September 29, 2016, from Policy Alternatives Website: https://www.policyalternatives.ca/publications/commentary/why-99-cent-still-matter-canadian-politics