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Social Justice Issue: Wealth Inequality

Decent Essays
Social Justice Issue: Wealth Inequality=======================
According to a recent article, it is estimated that “in America, the wealthiest 160,000 families have as much as the poorest 145 million families (Matthews, 2015).” This translates to the top 1% of the U.S. population having as much as or more wealth than the bottom 99%, which is quite drastic. Gilson further emphasizes this fact, noting, “A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household... (Gilson, 2011).” Furthermore, “The average income for the bottom 90 percent of us is $31,244 (Gilson, 2011).” ======================= Gilson also notes a recent Harvard Study of wealth distribution in the US, which corroborated these statistical assertions. In this study, it was discovered that of 5,000 Americans, asked how they thought wealth was distributed throughout the United States, “...Most thought that it’s more balanced than it actually is (Gilson, 2011).” Furthermore, this study highlighted drastic differences between what
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The mere presence of such a drastic inequality suggests that there is something inherently wrong if a system has allowed such social and economic disparities to increase. A society which enables a select few to amass great wealth and privilege, while extracting the wealth and socio-economic stability of the majority of society is a social injustice; and it is an injustice because it creates a situation of socio-economic disparity—and struggle—for which there is no justification; where accident of birth determines the level or privilege or punishment one will encounter in society with the wealth that they have. But Rawls’ theory of justice might help give even further perspective into the kind of social injustice which this economic inequality creates.
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