'America's Stacked Deck' By Nicholas Kristof

As the 2016 United States election is fast approaching, the debates on wealth inequality has once again captured the public’s attention. The society is divided in its opinion of whether the government is responsible for allowing the leading financial institutes and business tycoons to accumulate their affluence within a lax regulatory environment. Others argue that the imbalance of income distribution between the rich and the poor are just simply part of the capitalism package. In order to understand the roots of wealth inequality and to review some of the key concepts that are fundamental to these discussions, former Reuters editor Chrystia Freeland’s "Plutocrats" is a riveting account on the rise of plutocracy.

In the United States, public policy is shaped by multiple factors, from average citizens voices in elections to interest groups and organizations. In their study, “Testing theories of American politics”, scholars Benjamin Page and Martin Gilens explore the impact of average citizens, the economic elite and interest groups have on the passage of public policy. Additionally through their, Page and Gilens(2014) have found “that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while mass-based interest groups and average citizens have little or no independent influence” (Pg 535). This means that when it comes to the creation of public policies, rich people and groups

‘Despite several attempts to regulate campaign finance, money increasingly dominates the U.S. Electoral process and is the main factor contributing to a candidates success’ Discuss (30 marks)

Stiglitz identifies dwindling opportunity, monopoly power and tax treatment, and the investments of the government as the effects from manipulating the economy to exclusively benefit the top 1%. The societal impact becomes clear when the author states that the ultimate price is the “erosion of our sense of identity,” which includes “fair play, equality of opportunity, and a sense of community” because a majority of people realize the importance of these topics related to the success of themselves and their country (Stiglitz, “Of the 1%, by the 1%, for the 1%”). The article concludes with the significance of paying attention to common welfare as a “precondition for one’s own ultimate well-being” that the top 1% have a history of failing to grasp before meeting their

My essay challenges how each political party feels in regard to the middle class. I presented viewpoints from various sources that were able to engage in a conversation. Many Americans believe very strongly in favor of one political party, but in my essay I presented points that support and oppose each political party. This challenges the idea that a person can only support one political party when their interests can support another.

Due to the need for campaign funds by both the Democratic and Republican party, representatives and party leaders are easily influenced by the alluring presence of money presented by the wealthy. Consequently, in terms of economic position, laws and policies tend to favor the privileged rather than the overall majority. For instance, beginning in the 1970s, corporate America started to invest more money and focus into politics. A large amount of corporate spending is on lobbying. In contrast, most Americans don’t have an organization to lobby for them. This being so, because the wealthy have more lobbying clout, the government tends to pay closer attention to the concerns of the very privileged.

Edin and Skinner begin their article by explaining to their readers that income inequality is a prevalent and complex problem in America today. The authors also point out that although President Obama and several other Democrats have proposed legislative approaches, such as raising the minimum wage and taxing the rich, to combat this problem, it will take a long time for these proposals to become law due to the Republican-dominated Congress. Because the authors believe these laws will take too long to be put into

11). He further states that those of the republican party during this era “had little reluctance to negotiate over issues of taxing and spending” and would “declare the resulting compromise a victory, and move on” (Lofgren, 2012, p. 11), there was still the possibilities of bipartisan coalition. Now however, we see stark differences. Although Republicans have been traditionally been more solicitous to those of the upper-class, we see now a primary focus on the wealthy – more so, republicans now appear to be strictly oriented and geared towards the concerns of the rich as opposed to the middle class or “blue-collar” workers (Lofgren, 2012). They do this through the reduction on taxes for said classes, reducing regulations on businesses, and by maintaining a stellar relationship and “open-door” with the giants of wall street. To put it frankly and as best described by Lofgren, republicans are now simply captives to corporate loot (Lofgren,

Dan Ariely, A psychology and behavioral economics professor at Duke University, explains the inequality gap behind social classes in America through his ted talk “How equal do we want the world to be.” Ariely argues that it is important for society to step away from their expectations of reality to have a more educated understanding of the truth behind certain topics such as the inequality of wealth. Ariely persuades his listeners through his use of rhetorical devices such as visual aids, appeals, and his interaction with the audience. In this paper, I plan to focus each paragraph on how each element is a useful contribution to his argument.

In “Income Inequality: The Public and the Partisan Divide,” Blendon and Benson explain the issue of income inequality and the need to address it. The importance of explaining this problem provides insight for the people who are not educated about the topic, hopefully triggering more public awareness. Blendon and Benson support their opinion by discussing that the two major political parties in the U.S. agree that income inequality is a problem that must be recognized, but cannot come up with a synopsis on how to take care of it. Also, they describe how different perspectives cause different ideas for fixing the issue. Blendon and Benson explain how partisan views towards the role of government are one of the perspectives towards how the income

At the heart of the rise of populism in the United States is the issue of inequality. The gap between the wealthy and poor has been growing at an alarming rate. In response, Americans have turned to populist leaders on both sides of the aisle, most notably Donald Trump and Bernie Sanders, for a solution. Wealth inequality poses a serious threat to future generations like mine, who, in pursuit of the American Dream, will find upward mobility nearly impossible. Disenfranchised, desire for innovation and growth will cease.

The government in the United States supposedly revolves around American ideals such as equality and diversity; however, this is simply not the case as perpetuated by class inequalities. The meaning of democracy has been skewed in the United States to represent something entirely different than it did in 1776. Today, American democracy behaves more like an aristocracy, where the upper class exercises power within the government and state, influencing discourse and therefore the laws and resources in our country, which are purportedly “for the people”. Democracy is presumed to provide everyone with equal political power, but the government in today’s America, although seemingly following this ideal model, does not. Instead, the elite upper class has a monopoly over the political influence and are the sole benefactors from public policies due to their influence over the policy making process. The upper class has an overall benefit from class inequality, as it greatly impacts American ‘democracy’ through the significant power gained through money and status, leadership roles that impact government, and the influence in the policymaking process that creates upper class advantages.

The power elite is able to exert power over society. The power elite’s control over politics demonstrates how inequality is functional. This validates the class-domination theory of power, which is distributed based on economic power. By controlling economic resources, the power elites political influence in government shapes law and those involved in government to the power elites benefit. In today’s American society these laws have impacted both the corporate community and the elite. Furthermore, the author’s portrayal of the elite displayed how the elite have control concerning choices in government policies, elections, and laws.

The era of volatility has created a shift from America being the middle-class society to simply rich or poor (Sachs, 2011). A gap this large has not been experienced since the 1920’s (Sachs). “The top 1% of households takes almost a quarter of all household income” but an economy this top heavy will not be able to succeed (Sachs, 2011, p. 30). The working classes are struggling with housing, wage, and employment issues. Rich individuals are ignoring these troubles, shipping their business operations out of the country, thus furthering the downward spiral of the economy (Sachs). To make matters worse, this has become in a large part a political issue, because the rich can influence candidates with funding, where the poor and working

Prevalent flaws within most modern democracies are evident in their social and economic systems. One such problem, in a system that advocates freedom to do whatever you please, is the consequential wealth disparity (Wong, Oct. 24 lecture, tutorial). Aristotle once said that, “democracy is the form of government in which… the free are the many and the rich are the few”. This highlights a paradox of democracy in that it attempts to be equal to all, yet often the rich will get richer and the poor will get poorer, and an increasing wealth divide will influence governance. Constant writes (pg. 12), “wealth is a power more readily available at any moment… more