Income Inequality In America Essay

Murray, Harry. "Deniable Degradation: The Finger-Imaging Of Welfare Recipients." Sociological Forum 15.1 (2000): 39. Academic Search Premier. Web. 28 May 2013.

Income Inequality in America is a problem that’s been going on for decades, and many feel that it hardly exists, the many people that feel that way are highly uneducated, and seem to not really care about this tremendous problem that in one’s eyes really has no end in the near future, in fact it has been gradually rising and one feels that it’s just not fair. Unfortunately, there’s not much that can be done, only of course if the poor class of people decide to actually educate themselves and get a higher education. One says poor class, simply because that’s how they’re classified. There are five types of levels that Americans are classified as, and they are: 1. Upper Class, 2. Upper Middle Class, 3. Middle Class, 4. Working Class, 5. Poor.

Furthermore, when analyzing the different classes, and the distributions of wealth and income in the United Sates; for instance, the upper, middle, and lower classes – it is an astronomical amount of wealth that the top 1 percent acquire. It is also noted by Johnson & Rhodes (2015), “that income and wage inequality have risen sharply over the last thirty years” (pg. 228). Equally important to this, is how the average change in income is divided in Americas quintiles and the widening gaps. For example, in Table 5.2, while the lowest fifth quintile increased from $11,128 to $11,361 – a difference of $233.00 from years 2006 to 2012; the highest quintile increased from $289,446 to $319,918 – an exponential increase of $30,472 (pg. 229). With income inequalities at this rate, it is difficult for the majority of the United States to experience upward social mobility. Pursuing this further, in a line stated by Johnson and Rhodes (2015), “The wealthiest Americans can live on the dividends from their investments without having to touch the principle or work for a salary” (pg. 230). From this, it is visible to see how society has compartmentalized different levels of functions to keep a so called balance for the greater

Imagine that the U.S economy is a group of ten people making a cake. Despite the fact that everyone contributed, one person would take 90% of the cake. The other nine would be left to fight over the renaming 10%. In what universe would this be a fair situation.

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 for the United States of America because, throughout the course of history, it has been able to endure every single hardship thrown its way due to its strong foundation, the US Constitution.

The American economy has been in a constant rise since the economic decline earlier this decade and keeps on being the vigorous beast it was amid the twentieth century. The Center on Budget and Policy Priorities and the Economic Policy Institute concluded that the income wage hole between the wealthiest and the poorest one fifth of families is altogether more extensive than it was two decades prior. The middle class has not seen the advantages of this powerful American economy. The middle-income pay has stayed level at 44,389, an assume that spoke to a 3.8% diminishing from its top in 1999. In 2005, the median income, when adjusted for price level change, really declined, a pattern that has proceeded since 2001. Since the 1970s as the salary for the wealthiest 1% of Americans has multiplied, wages for middle class families have stayed even, however this is simply in the wake of including a second household income. Even workers with college degrees, who were once viewed as first class specialist, have witnessed this wage stagnation, as income of laborers with 4-year professional education fell 5.2% when adjusted for price level change from 2000 to 2004.

Dr. Young assumes that religious individuals, and more specifically Chrisitans, are seperate entities from the top 5% of wage earners. Moreover, the author implies that these extremely wealthy individuals are materialistic and devoid of the morals and values that are inherent in the less fortunate. Young states that it is "the working poor (who)... contribute a great deal more to society than the highly paid people who merely move money around."

My research project is going to be about how the wealth gap in America is causing a slowdown in growth for the United States. I think because there is no more middle class and most people are poor while just a very small percentage of people make alarming amounts of money that it has stopped the growth of America. Im going to try and corellate different points in time when america was growing while at the same time showing that the weakth gap was less at the time.

The aim of this essay is to analyse the impact of the fault lines arising from the domestic political stresses, especially in the United States, through various examples and to assess its role in the conditions that eventually led to a Financial Crisis in 2007 and 2008.

At the root of Democratic presidential candidate Bernie Sanders’ highly touted (and shouted) policies, from free college to an increase in the minimum wage, is the issue of inequality in America. Perhaps it’s no surprise that Sanders has seen great success on his message of fixing inequality in the United States, the gap between the wealthy and poor has been growing at an alarming rate. The focus tends to be on income inequality rather than wealth inequality. According to Google Trends, searches for “Income Inequality” significantly outnumber searches for “Wealth Inequality”, and have consistently done so since 2004 (Web Search Interests). Despite this, wealth inequality is a far greater problem than income inequality. Income inequality

The United States of America has long been viewed by itself and others as the epitome of a free and idealistic society. But, many wonder if this country has truly lived up to these words of high praise. America was founded on the ideals of liberty, equality, opportunity, democracy, and rights. Through careful examination of American history, it was clear that America has not always lived up to the ideals stated in the Declaration of Independence.

To many families coming to the United States, America is the land of dreams and progress, this is a narrative that has been retold time and time again. Many immigrate families come to the U.S. seeking a progressive life for themselves and their family. Many enter America being lower class citizens with the hope that hard work will bring them closer to that comfortable “American lifestyle”. This dream is arguably skewed or does not exist all together to many Americans. Why is this? America has built a nation on inequality. Covert racism lurks in many American institutions. And people are not adapt to recognize the privilege their race or socioeconomic status (social class) awards them. While all these conditions may seem bleak for the working lower classes of the United States, class progression is not

Income inequality has slowly become an issue gaining momentum over the last thirty-five years, did we see it coming, I think so. It has always been an issues, only after decades of misleading political leadership spanning decades are people finally fed-up of being misled and lied to. The current election for the next president has brought about a voice of the American people to demand a change within our three failing political systems that govern America. Only this change, I believe is going to bring a country to its knees, the wealth holders are not, going to just step aside and willing unlock the scales of wealth that to encumber its poor, they are going to dig in and hold fast to what they have stolen and hoarded since the time of slavery.

Universal basic income, (UBI), has become one our leading topics for a solution towards socioeconomic inequality. Billionaires such as Elon Musk and Mark Zuckerberg, have advanced the idea of going through with UBI (Kaza, 2018). UBI tackles many diversity challenges our society seriously needs solutions too. However, due to the enormity of UBI, it’s important to evaluate our decision to go forward; not only finically but ethically. For governments to implement a UBI, it would take a major overhaul of their welfare and tax systems. For example, the United States would need to spend over 3 trillion dollars a year just to provide a yearly distribution of $12,000 for each person over 18. This does not include illegal immigrants or the cost of running the program. I will evaluate the potential effects and ethics of UBI on minority groups in three areas: gender inequality, social conflict and the effects of automation on the work force.

Nor in savage life is there anything like the destitution that putrefies in our progress" (Henry George). Celebrated American political financial expert Henry George is the writer of blockbuster Progress and Poverty (1879), a book about monetary imbalance; According to his perceptions, people are the main species to have a wide monetary hole between people. In today 's general public, the uniqueness of riches and wage among the well off and poor people is available as well as expanding at a quick rate. Annie Lowrey, a financial writer for the New York Times, states, "the main 10 percent of workers took the greater part of the nation 's general pay in 2012, the most astounding extent recorded in a century." Due to this imbalance, the main 10% of the U.S. populace has acquired half of the nation 's salary, bringing about a vast monetary crevice between the rich and poor people. This broadening monetary hole amongst well off and poor people is brought about basically through an instruction framework that supports the affluent, expanded accessibility of occupations for rich individuals through social associations, and an economy that is one-sided toward the rich.