Many sources, including the media, government, and political action groups, use statistics and data to discuss various forms of inequality. For this assignment, you will be reading one article, analyzing it, and answering a series of questions.

First, you should read the following, all of which are available in the CatCourses “Files” tab, in the “Assignments” folder:

“The Inequality Conundrum,” By Roger Lowenstein (New York Times, June 10, 2007)

Second, answer the following questions in a typed, double-spaced document that you will submit on CATCOURSES.

1. Define the term “income inequality” in your own words. Over the past 25 years, what have been the trends in the United States, with respect to income inequality? Has income inequality increased or decreased? (15 points)
2. What are some possible reasons for the observed changes in income inequality during this period? Please give at least 3 possible reasons. (5 points)
3. Some people think that income inequality is a good thing. Please explain why income inequality might be a good thing. (10 points)
4. Some people think that income inequality is a bad thing. Please explain why income inequality might be a bad thing. (10 points)
5. If policy makers decided they wanted to reduce income inequality, what are two legislative actions they could take to accomplish this goal? (10 points)

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