Critical Thinking Reflection

Critical Thinking Reflection

Angel E. Santos

Critical Thinking in Every Day Life/HUM 115

November 30, 2016

Professor Keith Fredrickson

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