Question

Do you agree with the statement “through hard work, everybody can succeed in America”? What do you believe is the biggest obstacle? If you believe that change is needed, give an example of a policy that needs to be altered to help reduce classism.

Answer 1

• Yes,through hardwork people can succeed anywhere not just in America but the obstacles are not enough opportunities being provided by the government.The government is not doing enough for young generation to provide jobs that value their hardwork.No opportunities are being provided to imporve their skills and attain better positions.Hardwork will only provide success when people have opprtunities to display that hardwork. And yes,the new American Dream is no longer about pursuing opportunity but learning how to earn the right to both see it and seize it.  Today, the real opportunities are hidden. They hide behind doors that only a combination of knowledge and wisdom can earn.
• Economic inequality needs to be changed to provide equal standard of living to every citizen of the country without favouring the rich.Public policy can help to reduce inequality and address poverty without slowing U.S. economic growth.Research shows that higher wages for the lowest-paid workers has the potential to help nearly 4.6 million people out of poverty and add approximately $2 billion to the nation's overall real income. Additionally, increasing the minimum wage does not hurt employment nor does it retard economic growth.
  
• Policies that encourage higher savings rates and lower the cost of building assets for working and middle class households can provide better economic security for struggling families.
• It is a quite evident that tax rates for those at the top have been declining even as their share of income and wealth has increased dramatically.  Capital gains tax rates must be adjusted so that they are in line with income tax rates. Savings incentives structured as refundable tax credits, which treat every dollar saved equally, can provide equal benefits for lower-income families and can help reduce the gaps in the class system.