Income Inequality in the United States - Essay Example

There are a number of advantages and disadvantages linked to greater income equality. Greater income equality helps fight some of the social evils in society including social exclusion and poverty among the poor. Secondly, it leads to improved provision of basic facilities including health education and leads to higher social mobility. On the contrary, improved economic equality leads to lack of motivation by the poor to work hard since income is distributed equally (Desilver, 2013). Secondly, it leads to poor innovation and new skills since the rich contribute towards the payment of taxes that are distributed equally.

Greater income equality can be achieved in various ways. First, the cycle of poverty should be broken by increasing low incomes (Ellyat, 2013). Secondly, high incomes should be lowered closer to the average income (Bartels, 2008). Finally, the cycle of privilege that inhibits social mobility and cements inequality should be eliminated.