Saturday, 17 May 2014

Independent Learning Log



What I did: I listened to a debate on the income disparity in the US.

Topic: Levels of income disparity in the US do more harm than good.

- Most of the money is coming from the poor
Anti-American to have very few people with a lot of money, giving unbalanced opportunities
Income disparity leads to turmoil such as protests from rising food prices and shoplifting
Income disparity inhibits education, only 10% of income goes to education
Debt from education
Unemployment from lack of education
Poor people are never able to improve their standard of life
Social stagnation for most people
Very poor people cannot move up due to lack of opportunities, therefore less innovation
The poor tend to live near each other, in places with few opportunities, while the rich live in areas with many opportunities
Richer people get taxed less
Protests are too violent and disruptive
Lack of financial aid
Income disparity takes away means to innovate
Equal opportunity should be given
Poor schools cannot get education for poor students with income disparity
Huge gap of the rich and the poor proves unequal opportunity
Certain protests are bad like the Wall Street protests, as they are unorganized and had unneeded violence with no clear goal
Limited funds for deserving Americans to be able to go to universities

- Lease is irrelevant to income disparity
There is equal opportunity, no link proven
Protests are a good movement for Americans to voice their complaints
No link proven that the income disparity is causing unemployment
The poor are still increasing their standard of life, eg. 1996-2005 lowest 20% classes moved up their class
No risk-taking without income disparity, therefore no innovation and growth, eg. Thomas Edison, Steve Jobs
Giving opportunities to Americans to become better leads to self-improvement
$350 million given to education
Lack of evidence that poor do not move up in terms of their life
Income disparity gives opportunities to those in middle and rich classes to innovate, which lack of it does not give any opportunity to innovate
No lack of opportunity, eg. Windsor High School gives opportunities to study
Statistics show that tax rates are better than without them
Lack of evidence that there is a lack of opportunity
Not all protests are violent
Violent protests may be good, eg. American Revolution
No link between income disparity and education
No link between protests and violence and the detriment of income disparity

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