Monday, September 30, 2019
Frank Too Big Too Ignore Essay
ââ¬Å"Income Inequality: Too Big to Ignoreâ⬠Summary Robert Frank, a professer at Cornell University, published an article for the New York Times on October 16, 2010. The title of the article was ââ¬Å"Income Inequality: Too Big to Ignoreâ⬠. In ââ¬Å"Income Inequality: Too Big to Ignoreâ⬠, Frank argues that there are differences in the social classes of the American people and that it is having a negative effect on our economyââ¬â¢s growth. Frank explains that middle class citizens are in a struggle to maintain a good financial position. Meanwhile, the upper class citizens are spending copious amounts of money which makes it increasingly more difficult for the middle class to meet their basic needs. He says that the middle class are looking toward upper class citizens, comparing their posesions as well as their financial positions which makes the middle class feel financially unstable. Frank explains that the income gap between the classes are causing distress on marriages of American citizens. He states that divorce rates rise when people are in financial distress. in conjunction with finincial uneasyness, Frank explains that the willingness to ignore infrastructure is an effect as well as the relocation of lower class families to places that are further away from their places of employment. Frank concludes by how the income gap is not only unfair, but that it would be unwise to continue on the current path of income inequality. Connections Frank has a very bleak view of the economic status of America in which he shares with Herbert. One of the main evidenceââ¬â¢s of this point is the comparison of Frankââ¬â¢s quote in which he states ââ¬Å"By contrast, during the last three decades, the economy has grown much more slowly, and our infrastructure has fallen into grave disrepair.â⬠(580) with Herbertââ¬â¢s quote ââ¬Å"It will likely take many years, perhaps a decade or more, to get employment back to a level at which one could fairly say the economy is thriving.â⬠(564) In comparison between Frank and Thomas, each author believes that there is something wrong with the system and that the American people need to do something about it. This can be justified within Thomasââ¬â¢ and Frankââ¬â¢s articles. Frank states ââ¬Å"No one dares to argue that rising inequality is required in the name of fairness. So maybe we should just agree that itââ¬â¢s a bad thing ââ¬â and try to do something about it.â⬠(584). Thomas explains ââ¬Å"We must also understand what got us here and the path that leads upward.â⬠(570) Frank can also agree with Brandon King in the fact that America is still repairable. King states ââ¬Å"If the Great Recession has taught us anything, it is that planning for the future by saving more and enacting policies that sustain economic growth are what will keep the American Dream alive.â⬠In comparison, Frank believes that we need to consult the problem in order to repair it.
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