Critical Thinking Point of View

Critical Thinking Reflection

Poverty in the United States has been a problem for many years. After years of listening how different people will find a solution for this problem, in this article I’ve discovered a few ways to try to improve this long-suffering issue.

One of the ways is to increase the minimum wage. The rate is $7.25. “In the later 1960s, a full-time worker earning the minimum wage could lift a family of three out of poverty, if the minimum wage back then was indexed it would be $10.86 per hour today” (Vallas, 2014). Somewhere in the range of $11 to $12 an hour will help more than 4 million in the United States out of poverty and that is just a start.

Reforming our current tax policies will be beneficial to our poverty status. Taxing the wealthy a little more will help. According to Waldron (2013) “As of 2010, the lowest 20% of Americans paid 11.1% tax rate while the top 1% paid only 5.6%. The people in the lowest income bracket paid twice as much. If the taxation of the affluent was at a higher percentile, the funds accumulated could go toward programs that could avail hoist the impecuniosity status. The higher 1% can afford the higher taxes, and I would affect the lower and middle-class families. According to Buffet (2012), “I would suggest 30 percent of taxable income between $1 million and $10 million and 35 percent on amounts above that”.

By opting to transmute the items above, not only will avail decrease penuriousness, but it will avail our current economy state become stable. Haplessly, legislature has the final verbally express on taxation vicissitudes in our country. With a better plan in place will be greatly availing denizens of our great country move up from impecuniosity.