The Golden Rule: How Income Inequality Will Ruin America

The Golden Rule: How Income Inequality Will Ruin America

by Renwei Chung

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Overview

The rule of law in the United States is compromised when it has a disparate impact on low socioeconomic classes; promotes a supposed universal "war on drugs," but administers drug sentences unevenly; requires mandatory minimum sentencing for blue-collar crime, but negotiates monetary settlements for white-collar crime; sentences black men to nearly 20% longer terms than white men for similar crimes; prevents immigrants and indigent citizens from access to justice; and imprisons more of its population than any other country.

For 40 years, Mr. Greenspan believed the financial markets could self-regulate. He has since admitted a flaw in his philosophy and no longer believes this ideology to be accurate. Many citizens of the United States have yet to realize the flaw in their model, which they perceive as the critical functioning structure of how America works. America has been built upon the premise that it is a land of equal opportunity. However, study after study is revealing statistics that directly counter this belief.

The economic influence of inequality negatively impacts how the rule of law is administered in the United States. Economic inequality begets legal inequality.

America's administration of the rule of law is not meant and should not be used to advance the cause of inequality. Unfortunately, America's income inequality is rising. There is a high correlation between income inequality and legal inequality in America.

As citizens, we should seek to reduce this correlation coefficient because of the disturbing ramifications for the rule of law.

Product Details

ISBN-13: 9781499173314
Publisher: CreateSpace Publishing
Publication date: 04/16/2014
Pages: 36
Product dimensions: 6.00(w) x 9.00(h) x 0.07(d)
Age Range: 1 - 17 Years

About the Author

Renwei Chung is currently studying law at Southern Methodist University. He received his MBA at the University of Chicago and Bachelor of Finance at Michigan State University. He spends his time between Texas and Michigan. He plans to adopt a yellow lab this summer even though he will have an absurd amount of student debt awaiting upon graduation.

www.renweichung.weebly.com

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The Golden Rule: How Income Inequality Will Ruin America 5 out of 5 based on 0 ratings. 3 reviews.
Anonymous More than 1 year ago
A great gateway book to understanding the history of social and income inequality
Anonymous More than 1 year ago
Why is this book no longer available on B&N???
Anonymous More than 1 year ago
A great gateway book to understanding social and income inequality. A fundamental breakdown of how income inequality affects our laws and politics. A nice short read that cites a lot of sources.