Byron’s parents were unable to sell their home for enough money to retire on, which means Byron still has to spread his wealth far thinner than Max, so his children are likely to perpetuate the cycle and have less than Max’s children, and so on and so forth until corrective measures are made.
2. Government policies have long played a role in perpetuating ethnic and racial inequalities, leading to nonwhites having significantly less chances in life and less money than whites of similar intelligence, aptitude and work ethic. Though this has been going on for centuries, several examples in the twentieth century demonstrate clearly that many government policies have perpetuated, rather than reduced, racial inequalities. When social security was first introduced, for instance, it systematically discriminated against blacks by excluding agricultural laborers and housekeepers from receiving the benefit, because those two occupations were predominantly black. The legalization of labor laws, furthermore, also allowed labor unions to exclude blacks from their membership, meaning that it was even harder to get a job for them after those labor laws were passed than before. And even when the government passes legislation to try to reduce inequalities, such as the fair housing act, the acts tend to be toothless and have very few methods of enforcement.
3. Neighborhood decline is a vicious cycle that is almost impossible to halt once it has begun. The first step to neighborhood decline is usually flight to the suburbs, often termed “white flight.” This is a phenomenon where people with means seek to leave the inner city to live a better life style, have more room etcetera. After this has begun, those who remain must support a larger tax burden to maintain important local resources, and property values drop because of a perception of decline and the fact that taxes are higher. Following this, people living in the neighborhood no