the US Currently entering a new Glided age? , history homework help

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. Is the US Currently entering a new Glided age?

2. Is wealthy inequality something Americans should be concerned about or is this a natural part of the American economic system?

3. Is there anything the government could or should do about the economic situation?

4. Should the wealth gap be treated as a moral issue or not?

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Income Inequality
1. Is the US Currently entering a new Glided age?

The economic situation within the United States can be described as a 2nd Gilded Age. Reports cite the fast
growing income gap, low-wage service economy, entrenched poverty, the quasi-legal violence, which
targets communities of color, and the shrinking middle class. Such has occurred as results of an age of an
economic dislocation, robber barons, as well as racial apartheid resonate. Americans are facing tough
times; however, a few of them live in luxury. The first gilded age was during late nineteenth century to
early the 20th century ending in 1929 (Yueh). The economy today is characterized by lavish wealth
displays.
2. Is wealthy inequality something Americans should be concerned about or is this a natural part of

the American economic system?
Today, the top 1 percent has become America’s richest holding 5 percent of the overall income of the
country. The top 10 percent hold half of all American wealth. Income inequality was a key topic during
United States Presidential race. Reports indicate that the United States had the highest after-tax as well as
transfer level of income inequali...


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