"Are the Rich Getting Richer?"

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The tax income for the rich is about 700,000 dollars and the tax income for the poorest household families is about 900 dollars. This is after Bush installed the tax cuts. Many think to make up for the problems in the recessive economy that there should be a rise in income taxes. It is being said that the rich and the poor are starting to have a wider gap between them.
In 2009, 18.7 percent of New York City's population lived in poverty, and the median household income fell to $50,033, from $51,116 in 2008, even as the combined worth of the city's 58 richest residents rose by $19 billion. As a result, the earnings gap among New Yorkers “is now larger than the gap in India and the African nation of Burkina Faso,” Joel Berg, executive director of the New York City Coalition Against Hunger, told the paper.
The finding that income inequality is increasing is generally
Some argue that money is valuable and not harmful to the economy. The problem is the budget deficits which is why we end up having to pay higher income taxes and such so much more. It is said also that this is because only the very richest can make the investments vital to building businesses and driving demand for labor. It makes a lot of sense but we are going to do something about the growing problem. It only makes sense for them to make up for budget deficits and they’ll probably decide to take money from people again and the economy will be suffering in a recession because there will be no one spending and everyone will have a taste of a lack of spending money making times hard.
Cox, W. Michael, and Richard Alm, Myths of Rich and Poor: Why We're Better Off Than We Think, Basic Books, 2000.

Hacker, Jacob S., and Paul Pierson, Winner-Take-All Politics: How Washington Made the Rich Richer — and Turned Its Back on the Middle Class, Simon & Schuster, 2010.
· Clemmitt, M. Income Inequality
· October 9, 2009: Publish Date; December 2, 2010
· Source: CQ Researcher
· Thesis: The Gap Between the Rich and Poor is getting wider
· Evidence: The Rich are still out spending and getting richer.The article has a very high and appropriate merit for the subject. The examples of Rich getting Richer is very clear and the article is very factual. Graphs and timelines are includ