South Dakota Wealth Distribution

In William Domhoff’s article, Wealth, Income, and Power, he examines wealth distribution in the United States, specifically financial inequality. He concludes that the wealthiest 10% of the United States effectively owns America, and that this is due in large part to an increase in unequal distribution of wealth between 1983 and 2004. Domhoff also states that the unequal wealth distribution is due in large part to tax cuts for the wealthy and the defeat of labor unions. Most of Domhoff’s information is accurate and includes strong, valid arguments and statements. However, there is room for improvement when identifying the subject of what is causing the inequality.

When, Moody first got to Madison County in Mississippi she was surprised to see that the Black community vastly outnumbers the white community and many Black people in the county owned large plots of land. She was at first under the impression that this would mean there was less poverty than what she saw in her hometown, however she soon learned that land did not directly relate to prosperity. “I just didn’t see how the Negros in Madison County could be so badly off…as Mrs. Chinn explained that night, the federal government controls cotton by giving each state a certain allotment. Each state decides how much each county gets and each county distributes the allotments to the farmers. It always ends up with the white people getting most of the allotments” (313). Though the action of the state, the opportunity for Black farmers to accumulate was non-existent. Economic prosperity would always favor white people because with economic freedom came power and influence, neither of which Black people were allowed to have in the Jim Crow south.

These assumptions include: farmers had to compete with industries for workers; the emancipation of slaves left farmers with no workforce, forcing them into industry jobs; and income taxes drove farmers into debt. After our hypothesis was written, we consulted Mr. Nelson on advice in moving forward. With him, we created a list of variables to focus on: taxes, land, population, and crop production. We chose to focus on Al Valorem Taxes, as a farmer’s business depends on their land. We also chose to focus on cotton production because cotton farms were the most successful and thus biggest of farms. We filtered through data from the National Archives and U.S. Census Bureau to separate data related to these variables, and then created a separate graph for each topic. After analyzing the data trends, we researched the reasons behind these trends, and then looked for other problems related to our argument that we did not include in our assumptions.

In today’s capitalist economy, where economic transactions and business in general is centered on self-interest, there is a natural tendency for some people to make more than others. That is the basis for the “American Dream,” 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

There is no doubt that wealth inequality in America has been escalating quickly; the portion of total income earned by the top one percent has doubled since the beginning of the 1970’s. The wealthy are the main beneficiaries

Presently the United State 's income gap between the middle class and wealthy is undoubtedly significant. Some say that income inequality is

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

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

Multinational Monitor: Wealth and Income Inequality in the United States Between the Rich and the Rest

The highest earning fifth of U.S. families earned 59.1% of all income, while the richest earned 88.9% of all wealth. A big gap between the rich and poor is often associated with low social mobility, which contradicts the American ideal of equal opportunity. Levels of income inequality are higher than they have been in almost a century, the top one percent has a share of the national income of over 20 percent (Wilhelm). There are a variety of factors that influence income inequality, a few of which will be discussed in this paper. Rising income inequality is caused by differences in life expectancy, rapidly increases in the incomes of the top 5 percent, social trends, and shifts in the global economy.

This “middle-class nation” is struggling to support all those who live in its borders and the misconceptions about wealth are vastly overrated. Furthermore, the idea of wealth and stability is incorrect, and there is a very sharp contrast between the rich and poor in the country. As the richest twenty percent of American hold ninety percent of the total household of the total household wealth in the country, those at the bottom have managed very poorly and suffer to get through the days.

This study considers the conditions of income, wealth and poverty in the United States of America. Income got a better distribution during the 70s but the level of economic growth decreased aggravating the unequal distribution of income (Stone, et al). However, wealth enclosed an inequality of distribution in the United States. It is referred to the unequal distribution of assets among residents of the United States. Also wealth is associated to the values of homes, automobiles, personal valuables, businesses, savings, and investments. In this context, statistics of poverty indicate people living at the economic adversity without satisfying their basic necessities. In mention by the article named “Measuring Poverty (A New Approach),” the statistical data of poverty is published by the U.S. government being a topic of importance and political sensitivity.

Capitalism has been the central force behind the growth of the United States’ progressive economy. Within such advanced economic system the chances of economic disparity are significantly high. In fact, over the past three decades there has being a steady increase in unequal wealth distribution among the economic classes. To sustain the current unequal wealth distribution among the classes of the American population, there are numerous factors that influence and shape this trend. For some members of the population it is alarmingly disturbing to know that recent statistics have shown that, “In the US [alone] the wealthiest 1% of its population owns more than the bottom 95 %” (Gutman). As for the difference in economic wealth, it resulted

South Dakota was one of the states that provided a great amount of uranium to be used during the 50’s, 60’s and the Cold War era. The demand of uranium increased and the constructions of mines were also increased. One of the areas that needed uranium was the military to be used in weapons ammunition and vehicles. Most of these mines were abandoned and the contamination spread around the nearby land and waters. “An earlier study of Forest Service land, on which the old mines from the 1950s and 1960s are located, found levels of arsenic, uranium and other contaminants in concentrations higher than what occurs naturally” (Walker, 2007). Some of these waste was carry down by rain precipitation to areas away from the mine. Indian reservations were affected by the mine contamination and

A major social problem in America today is its inequality of the distribution of income. "Income inequality refers to the gap between the rich and the poor. The United States has the most unequal income distribution in the industrialized world, and it is growing at a faster rate than any other industrialized country" (Eitzen & Leedham, pg. 37). The main reason as to why income is distributed so unequally is because of the gap between social classes.