Tuesday, April 20, 2010

Bonus Post

In this article, the health care bill signed by president Obama is described as an attack to the economic inequality.Inequality that increased over the last 50years due to primarily to an increase of the pre-tax and, decrease of the rates of taxes for the wealthy. The middle class in the meanwhile, find itself with less expandable income in a world where the cost of living( food, fuel, education, health care,...) is more and more high. Health care for example, represent a major issue for middle class and poor families who, because of lack of financial resources end up not having one. The recently passed health care reform will do two(2) things immediately to help middle class: provide health care for those who lost their jobs, and remove the conditions that the insurance companies have often used to deny insurance to individuals with pre-existing conditions. Another important aspect of the reform is the fact that, the wealthy will bear a larger part of financing health care through their taxes for people(from middle class and poor families) who are getting it now; most for the first time.
To finish, this article is seen the newly passed health care bill as the weapon used by President Obama to reduce inequality between social classes in America by having the wealthy pay for a part of the middle class's health care.

1 comment:

  1. Good overview - what do you mean by 'increase in the pre-tax'? I think there's a piece missing there.

    What other causes of increasing inequality did we learn from Krugman's article?

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