Blog 10: Income Inequality From Generation To Generation

                In the article Income Inequality from Generation to Generation, the author, Robert Lenzner, from Forbes, is addressing that the income inequality that we are experiencing now and like the rest of the world is not a new thing, it has always existed, just not as extreme as it is now. One sentence does a good job of summarizing the article, “Inequality today is leading to more inequality tomorrow.”  The inequality that exists limits the opportunities that are available to all people, upper class and poor class. Opportunities are at risk for all generations unless efforts are devoted to providing more opportunities for those born into lower-income households. People in the upper classes are able to provide more resources for their children such as books, computers, child care, private schools, and these children also receive inheritance from their parents. With these children receiving better resources than those in lower classes it creates an ever continuing line of income inequality from generation to generation.

                I strongly agree with Lenzner in this article. “Inequality today is leading to more inequality tomorrow.” The children of the upper classes and the wealthier people are going to take advantage of the resources that are provided for them. They then take the jobs that their parents had, the CEO and owners of large companies, and the inequality is a continuous process. The lower classes do not have much of a chance to work their way up. Until strong reinforcements in the government is made and they provide programs and they are devoted to help these people of the lower classes then we will begin to see a change, although maybe not drastic, that will help shrink the inequality gap that has existed for generations.

http://www.forbes.com/sites/robertlenzner/2012/03/26/the-great-gatsby-curve-is-a-threat-to-the-american-dream/