karina's post # 4

There are quite a few ways in which economic inequality affects Americans or different class backgrounds. "The fact is that vast incomes inequality inevitably brings vast social inequality in its train. And this social inequality isn't just a matter of envy and insults. It has real, negative consequences for the way people live in this country." ( Confronting inequality, Paul Krugman, p.324)

According to Krugman on page 325, millions of middle class families buy houses that they cannot really afford, taking on more mortgage debt than they can safely handle, because they are desperate to send their children to a good school. I feel that economic inequality does not only affect Americans in the fact that many wealthy people insult or put down the poor, but another problem they face is that they sometimes become homeless, sick, and hungry.

Karina's Blog # 3

As i was reading Paul Krugman's essay, i came across the answer to his question about "why should we care about high and rising inequality?" His answer was that "One reason to care about high and rising inequality is the matter of living standards." He stated that the lack of clear economic progress for lower - and middle - income families is in itself an important reason to seek a more equal distribution of income. I do agree with Paul Krugman's answer because due to all of this inequality, is why lower class and middle class get less benefits than the rich. The lower class is affected greatly by this inequality because they struggle with their medical needs and with their other needs such as, food, clothing, and shelter. sometimes they even struggle because they do not get good enough medical attention as they need. I feel inequality is unfair.

Just to let you know professor i hope this blog was right because I kind of did not understand it very well, so I dont know if I did it correctly.