Essay On Wealth Inequality In America

Wealth inequality in the United States is at an all-time high with the top 1% being as wealthy as the bottom 50% combined. All is not copacetic. Due to the recent presidential election, there is a divide between the nation’s two major parties and even a divide inside each party. There are school shootings happening all around the country and there is more money in politics than there should be. Despite all of the bad things going on, there is always hope for the United States. There is always hope

where people, if they worked hard, could make money proportional to their effort. However, what happens when this natural occurrence grows disproportional in its allocation of wealth within a society? The resulting issue becomes income inequality. Where a small portion of the population, own the majority of the wealth and the majority of the population own only a fraction of what the rich own. This prominent issue has always been the subject of social tension

Inequality of Wealth and Income Distribution in America Every American dreams of finding a job that pays well enough so that they may comfortably take care of their loved ones and themselves for years to come. Most Americans hope to find some way to make a living that they enjoy, something that they view as productive. Unfortunately, many do not have this luxury. In our society, a good portion of the population is forced to hold the base of our country in place while hardly being redeemed

Wealth inequality; its not a topic many people would choose to make a YouTube video about. However, earlier this year a video regarding this very topic went viral and received over 12 million views on YouTube. It is titled, Wealth Inequality in America, which was produced by the YouTube user Politizane. The issue of wealth inequality across the United States is well known, but this video shows you the magnitude of the disproportion in intense and illustrative manner. It uses charts to explain in

thus, augmenting the amount of people who live in the lower class. As a result of this occurrence, income inequality has become a paramount topic in recent times, especially in the 2016 election. In addition of politicians and other government members discussing this gargantuan issue, professors, journalists, and others have written about this topic to inform the populace about income inequality, and provided ways to fix the issue. The authors Robert B. Reich, Gregory Mantsios, Alan Ajas, Daniel Bustillo

revolution and socialism. So instead, we told ourselves that, in this country, class did not exist; that a free-market capitalist society permits anyone who wants to improve his socioeconomic status to do so. In his essay "Class in America: Myths and Realities" published in Re-Reading America Cultural Context (2009) Economist Gregory Mantsios believes that the American people refrain from discussing class distinctions and its impact on our lives and instead revel in the notion that

politicians and trivialized by the media. By maintaining the illusion of a classless America, important issues such as social inequalities are overlooked. Such avoidance of social inequalities work in favor of the wealthy, but do damage to the lower classes. Only by accurately defining our social class can we address the problem of social inequality (Mantsios 379). In order to fully address the issues of social inequality, we must first understand its causes. Author Gregory Mantsios addresses

Social inequality is something our ancestors had to deal with and something our children will have to deal with. This is an ongoing issue addressed by many but solved by none. Social inequality is inevitable in this capitalistic society. This idea of social inequality promotes the idea of capitalism which then promotes the American Dream. The American Dream has become harder to reach than ever before. Since the middle class is shrinking, the lower class finds it near to impossible to work their way

What exactly is wealth disparity? And why does it matter? The website inequality.org is a fascinating website full of statistics on this topic and provides data by analyzing whether policies instituted help, or hurt this problem. They define wealth inequality as “the unequal distribution of assets within a population. The United States exhibits wider disparities of wealth between rich and poor than any other major developed nation” (inequality.org, 2017, para. 1). Using terms such as distribution

discrimination, blacks have been blocked from homeownership altogether or pay higher interest rates to secure residential loans”. In fact, Laura Shin, author of the Forbes eBook reported in a March 26th, 2015 titled “The Racial Wealth Gap: Why a Typical White Household Has 16 Times the Wealth of a Black One”, discriminatory lending is still alive and well. As recent as 2012, Wells Fargo owned up to the fact that they gave Blacks and Latinos Subprime loans with higher interest rates but issued prime loans to