High Income Inequality In The United States

The debate over whether income inequality should be an important topic in comparison to other issues that our nation faces. Income inequality an be defined as “the extent to which income is distributed in an uneven manner among a population (dictionary.com).”According to the Census Bureau who reported that there has been a “rise in income inequality in America, the gap between rich and poor in New York is getting worse (CQ Researcher, pg. 991)”. Right America has one of the largest inequality gap, in comparison to India and the African nation of Burkina Faso (CQ Researcher, pg. 991)”. This debate over income inequality has been inconsistent. Some do not see an issue with the way that money is distributed, while other see this issue as a major problem that our nation faces and strategies/ policies needs to be implemented to address this issue. I

As an American, we revel in our freedoms. Not everything is free, however, we have laws that were created for safety. They help keep everyone happy, alive and well. The foundation for these laws came from the founding fathers; they wished for Americans alive then, alive now, and alive years from now feeling safe and free. However, there are fatal flaws in the documents created by the founding fathers. These documents are not effective in establishing and preserving freedoms of Americans because they confined the definition of a valued American to white males as well as allowed the means of corruption to enter our laws through lack of rigidity.

The distribution of income in the United States, is a growing controversy. Far left and far right groups have distinctly differing opinions on income inequality and whether it is beneficial or detrimental to the economic growth of the nation. Mainstream politics, however, tend to be relatively devoid of discussion about the extreme wealth gap. The rising levels, factors, and opinions of income inequality as well as methods of income redistribution will be discussed.

In the United States, income inequality is obvious and widespread. Presidential candidates realize income inequality will be a major point of any presidential campaign. The major civil rights issue of today is income inequality. Such a large misdistribution of wealth has likened modern economics to slavery. Lower-income workers are forced to work longer hours at a stagnant wage to maintain consumption. On the other hand, to say that the super-rich are beyond fairly compensated is an understatement. The top 10 percent of wage earners received 48.2 percent of total earnings in 2012. The super-rich make the rules of the game (laws) favor the rich. Those with large wealth control the decisions that affect employment, wages, and benefits through

Right now the most important issue in America is the election inequality and how to narrow the gap between rich and poor. I think another issue is supporting small businesses. People fall to realize what that does for the economy these big companies do nothing but poor money into other countries. When we should be supporting our own. Big companies only care about the profit and the bottom line. No one actually cares about the people. The candidates seem like they wore picked from cereal box. Hilary Clinton lacks authenticity and Donald trump exudes racism and adding strain to inequality. The country already feels divided and the election makes it worse.

Today, America is considered one of the most developed and advanced country in the world. On top of everything, this promised country is well-known for its strong and effective economic free-market system. The foundation of the United States is based on the belief of freedom and equality, which is enjoyed and practiced by most of people in the “Country of Liberty.” Unfortunately, the idea of equality does not apply to every citizen of the U.S. In fact, the problem of inequality in America has remained a controversial issue for centuries. Specifically, today, the gap of wealth between people in the United States is dramatically increasing. Emmanuel Saez, an economics professor at UC-Berkeley states that: “Wealth inequality in exploding, constituting a direct threat to the cherished American ideals of meritocracy and opportunity.” Wealth inequality is undoubtedly the biggest problem the American society is facing.

The biggest problem in today’s economy is wealth distribution also known as income inequality. Income inequality is the unequal distribution of income across various participants in a nations economy. This unequal distribution can be seen when looking at things such as property, valuable possessions, stock, savings, and investments. While the wealth of the US is clearly distributed unevenly, a “gap” between the rich and the poor continues to grow. Wealth distribution and the gap between the rich and poor is directly related to the concept of unequal opportunity. Economists such as Andrew Carnegie and John Kenneth Galbraith both believed that the economy is unfair and everyone should be given an equal opportunity to become wealthy and successful. People who are more fortunate should also try to help better the community and put there wealth towards society. Other economists such as Thomas Malthus and Garret Hardin believe that there will always be some percentage of humans

No country in this globe can escape from wealth inequality. Never and ever. Even, America – The land of opportunity and the first economy of the world. While the nation is striving towards achieving its dream, it is faced with the problem of wealth gap among the low, middle, and upper classes of the society. Wealth inequality is a phenomenon or a social event of the difference in money and other assets which individuals can accumulate. For some people, no more land of opportunity and the existing wealth gap is a result of unequal opportunity. However, I and others argue the nation is still a land of opportunity, but with some challenges to overcome. Furthermore, I and some firmly believe that the wealthiest people at the top are the achievers

In an economy, income inequality means the unequal distribution of household or individual income over many participants. It is also often presented as a percentage of income for a given percentage of the population. Most people associated income inequality with the concept of income fairness. Assuming that the rich have a larger share of the income of a country than the population in general, then they acknowledge it unfair. What causes the income inequality might be vary? It could be region, education, sex as well as social status. Income is the amount of money you earn from your job or investment. However, wealth is the amount you own, such as car, home, retirement amount, saving accounts, and so on. Even though, we are not living in the

Economic inequality still exists in America. Although, Martin Luther King, Jr fought to see the end of inequality in America, he spoke that his dreams became nightmares as he continued to visit cities with high rates of poverty. The data, seemingly, reveals the highest rates of poverty are in the southern States. “. . .California, Georgia, Arizona, Nevada, New Mexico and Florida had the largest poverty increases, with the 2013 poverty rates in these states more than 4 percentage points higher than in 2007. There was, worse yet, a concomitant increase in the depth of poverty: In 36 states, the gap between a poor family’s total income and the poverty threshold increased between 2007 and 2013, yet another indication of a growing economic vulnerability

The United States is a well-developed country and is considered to have the largest economy in the world. It is ranked high in GDP per capita, which indicates people enjoy a higher living standard in a nation (Mahoney, “Economic Inequality in the United States”). However, the aggregated data collected for GDP per capita could not be taken account for the middle and lower classes. According to the Pew Research Center, statistics show that the US income inequality has reached the biggest gap in 2013 (Desilver). Evidently, not all Americans possess the wealth and enjoy the benefit from the large portions of economy leading by the US. It is also shown through the fact that the US wealth distribution is generally the worst amongst the developed countries (Gongloff). It means that the top 1% of wealthy group is gaining more, but the middle and lower classes are hardly maintaining the same earnings or even making fewer profits than before, arguably the latter happens more often today. This controversial issue - the economic inequality that has been increasing significantly since the 1970s, seemingly attributed to the expansion of interest groups, which in turn negatively impacts the democracy in the United States.

The population of the poor in the United States represents roughly 15 percent of the total population (Macionis 2013:41). As of 2012, the poorest 20 percent of the United States only represents 3.8 percent of total income earned (Macionis 2013:35). People do not choose to be poor, and most of those who are impoverished try to overcome this challenge. However, there is a trend that is evident and is continuously noticed in society. Those who live in poverty experience worse health care, education, social status, and wages than the upper class. I believe socioeconomic status serves a large role in whether an individual is likely to experience poor health. Policies that increase unemployment insurance or allocate for equal distribution of wealth and opportunity are viable solutions to socioeconomic inequality (Babones 2010:141). The social conflict theory best explains the socioeconomic inequality in the United States and helps sociologists interpret how inequality causes increased health issues for the lower class.

Every individual in this world genuinely appreciates the value and privilege of any sort of monetary value. Although money has thoroughly revolutionized the world’s system of survival, it also seems to have brought about corruption to the minds of many. Despite the United States’ overall discouragement of its unpleasant history of various forms of discrimination (which have supposedly been fully eradicated), economic inequality remains prevalent throughout the country through conflicts between the rich and poor, carelessly handled morals, and the monetary pressures of modern day education.

Rashbrooke argues that inequality in society is often associated with the large income gap; as a result societies are categorised into certain ethnic groups, birthplaces and financial backgrounds. The significant difference between the rich and the poor has widened to a point where the humanity slowing becomes non-existence. The financial struggles of low-income families are more likely to be stress and affect their value of life. The responsibility to allow individuals to be aware of the rising inequality relies on each person in the country to make a change

Wealth distribution is not what it should be from our perspective. The distribution of wealth in America has been uneven since 1970. We can see the uneven distribution by comparing one of the wealthiest man in America, Bill Gates, who makes over $50 billion, to a homeless person, who has nothing. This shows an income inequality in the U.S because there is a huge gap between rich and poor. While the unemployment rate has decreased in the U.S, the gap between rich and poor in this country has dramatically increased. There are many contributions to the gap, such as different education levels among citizens and cost of living. The main reason that contributes to the income inequality between rich and poor is technological advances. Technological advance hurt the low-income class greatly but at the same time is a big gain to the higher class. The visual graphics are the most powerful aspect of the video, because many times we hear the statistics and percentages without truly comprehending just