Inequality

Throughout time income inequality has existed throughout the world. Although, we as Americans have “equal rights and opportunities” to be as successful as the next person, it is difficult to achieve these things while not being paid and treated fairly. Income inequality refers to the extent to which income is distributed in an uneven manner among a population. In the United States there is a blatant income and social inequality. The reason being is that people in the United States have been so…

Wealth inequality is a big parts of Americans lives, the problem is that most of us are oblivious to just how large the margin actually is. The United States has the highest degree of wealth inequality among all industrialized countries: On the Gini coefficient index of wealth equality, the United States ranks 93rd out of 134 countries (Central Intelligence Agency, 2009). We see this in policy when it comes to taxation and redistribution. In an ideal situation, the rich would be taxed at the…

So that's wealth inequality. Income inequality is a factor which contributes to wealth inequality. So, to start with, your idea that people who are at the very top of income earners are worth their pay is flawed. I'm not saying this from an ideological standpoint. The income of top earners has ballooned something like 400%, in real wages, since 1980, despite very little evidence that they are actually contributing to a company's growth. At the same time, real wages for middle-income workers have…

Introduction For several years now, Americans have been struggling in today’s economy simply due to unfair income distribution. Income inequality is a growing issue today and many economists have noticed that this issue needs to be resolved in order to see steady improvement with the economy. Barack Obama even addressed the issue himself and stated that income inequality is now the main reason why the economy has yet to make a major improvement over the years. Which makes sense in economic…

“The Place for Inequality: Non-participation in the American Polity” is an article that explores the possible reasons for the linkage between increasing economic inequality and the lack of political participation within the lower and middle classes. The thesis of this article is to “[draw] individual differences and societal developments into a single account of structured behavior” regarding the aforementioned trend of lack of political activity within those of lower incomes and how increasing…

First of, the baby boomers are not earning enough courage to speak out and make a taxation law towards the rich. A perfect example would be how Obama refuses to talk about income inequality only because the rich are claiming that Obama is starting a class war. Since then President Obama has not discussed the issue of the growing wealth gap. Although he is probably one of the most powerful men in the country he is still scared to speak…

current economic inequality does not provide suitable opportunities to drive the economy in the direction it needs to go, and that needs to change. In addition, OXFAM international had proposed multiple ideas to the governments across the world. Some of these fixes are included in, but not limited to, the following: Make governments work for their inhabitants and take on extreme inequality. “Specific commitments must include: agreement of a post-2015 goal to eradicate extreme inequality by…

on the other hand, theorized that there were two types of inequality: natural and moral (1:1). Natural inequality is one which can easily be defined by age, health, strength, and the like (1:1). Moral, or political inequality, however, originates from society through the consent of man, and creates privilege or oppression of man based on possessions, money, honor and power; this idea is consistent with Smith’s observation of inequality (8/31). Before man was civilized he was in a primitive…

America the split nation Money has become everything to us in recent years. Our happiness no longer matters nor does our content. Everything is about how much we earn. Then there is the dispute of income inequality between males and females: who makes more, and who deserves to make more. The answer is simple; whoever does the best at their job deserves to be paid more. However some people have more opportunities than others. This dispute has divided us into groups of several different…

of the country’s wealth-own and control 42 percent of the wealth and that’s a problem” (p. 7 & p. 35). The percentage of 42 percent control by the elite shows they are in control. As Koechlin (2013) has written “It is a policy that is causing inequality, not the market alone. Tax policy, deregulation, and the failure to raise the minimum wage” (p. 5). This is how policy changes trap…