July 30, 2005
Is a Large Economic Gap Among Citizens a Good Thing
Here is a spin off of the article Gap between the rich and poor spurs new questions. It is found in the July 24th, 2005 Star Tribune OP EX section.
The article gives a few reasons that are both positive and negative for why different countries have higher or lower income inequalties. In the article it states that the U.S. has the highest income inequality among developed nations. Now I suppose that this is not really a large surprise to anyone, however upon further thought it spurs a large number of questions. I am simply going to focus on a few.
#1. Is a large Economic gap among cititzens a good thing?
I don't always feel that the gap is a good thing, but I also believe that it is a necessary thing. Without some sort of gap what would make a nation want to strive to do more. If everyone is average, then why would you want to work more than average?
#2. Would everyone being average lead to overall better educations and raise a nations productivity?
Well it sounds good in theory, but I am not sure that I can fully support such an example. Would to average students make up for one excellent students abilities? Well I suppose it all depends on how many average students you have vs. how many excellent students you have.
Well just a few simplistic, I repeat simplistic, thoughts on a widening economic gap. I just find it funny that many people want a large economic gap among countries and a small economic gap back home. It is always easier to forget about people when you don't see them face to face.