The Inequality Of Poverty And Deprivation Throughout The World

Income inequality is on the rise and it is evident in most cities throughout the United States. There are individuals with six to seven figure incomes and then there are individuals whose income is just enough to get by. The middle class is not as prominent as the upper and lower class. This should be the other way around. There should not be so many cities with very wealthy neighborhoods right next door to low class, rundown neighborhoods, with little middle class households. Digging deeper, 47.6% of the money in the United States belongs to individuals that receive $98,200 or more (“Distribution of U.S. family income”, 101). The middle class should be much more noticeable with the upper and lower

The existence of poverty is to commonly overlooked and denied by many. This is true when you or a friend have probably walked by a beggar and gave him/her nothing. You think he does drugs or you think he drinks but in reality he might have just made one mistake and there was no one there to help him back up. This chain of having no money is a factor that can destroy one’s self reputation. Poverty affects the health and education of those below the line of

Income Inequality is a tough policy issue to tackle and relate to the texts the class has been assigned to read. This particular policy issue is rather difficult to give insight on because income inequality is widespread and immense, yet most of Washington and mainstream America will not address this critical matter in question that is happening all over the country. Beliefs are blinding the majority of America when it comes to how money is distributed throughout the social classes and minorities in this nation. Americans have a distorted view of how unequal the pay gap is between the top 20% and the bottom 40%, according to Nicholas Fitz (2015). For instance, in the first study done by Michael Dorton and Dan Ariely, 5,000 Americans guessed that the richest 20% own 59% of the wealth and the bottom 40% own 9% of the wealth (Fitz. 2015). Consequently, the actual statistics are that the top 20% own more than 84% of the wealth, whereas the bottom 40% own a scarce amount of the wealth of 0.3% (Fitz.2015). Elitist view of power, also, is another term that relates to this issue of income inequality due to how government in this country, with regards to how only a few people with power actually know economically, what is happening in America, leaving the majority of American citizens in the dark about how money flows and how discrimination of minorities is hindering their ability to earn livable wages (Fitz.2015). The Federal Poverty Level which is based on the amount of income

The commentary from the author Jim DiEugenio(2014), of this article, Tracing the Source of Income Inequality,” does an account the second part of the book, “Capital in the 21st Century,” by Thomas Piketty. DiEugenio(2014) covers a wide array of topics concerning the public policy issue of income equality in not only the United States, but also globally in the latter half of the report of the book. In the beginning of the article, DiEugenio(2014) discussed about the differences in periods of the American economy with the eras of Reaganomics, the economy after the Great Depression, as well as the era after World War I. The economic era after the the Great Depression was a bustling time due to the programs being offered for low income

“Income inequality has no necessary connection with poverty, the lack of material resources for a decent life, such as adequate food, shelter, and clothing. A society with great income inequality may have no poor people, and a society with no income inequality may have nothing but poor people” - Robert Higgs. When people think of income inequality they picture poverty and people not having basic necessities. However income inequality is not just a connection to the poor. Income inequality is strongly affected by education attainment, technology, and gender.

Economic and income equality have risen significantly in the United States over the years. In 2013, the top 1% accounted for roughly 20% of America’s income, before taxes. According to the Congressional Budget Office, the average income of the top 1% of America’s population has “grown by 275 percent between 1979 and 2007,” even after taxes. In stark contrast, the middle class has experienced growth of about 40 to 60% and the lowest income population has only experienced growth of about 18%. This resulted in the richest households nearly tripling their share of the country’s income while the majority struggled to keep up.

In the world today, it is the minorities that mostly have a difficult time where they have money issues and not have enough opportunities like being able to get an education. Everything in the world is about money. If you want or need something, you have to have money in order to obtain it. Yet this causes an issue for those who are low-income and does not get paid enough. Minorities are not able to have such an education where they will be able to afford and this causes them to not be educated as to learn how to help themselves. In order for minorities to escape poverty, there needs to be an understanding what it is that they possibly need and how the needs and wants can be better dealt with.

When we think of the word "poverty", the mind fills us with Third World countries. We think of countries within the African continent, Haiti, Central and South America, among others. The United States is a country with a heterogeneous society, full of many races and nationalities. However, we forget that poverty can be in front of us. How many times have we wondered if our neighbor, coworker, or our students are going through some need?

Capital in the Twenty-First Century by Thomas Piketty attempts to answer some questions regarding inequality. He argues that we are now re-entering a more typical period of low growth. Thus, the rate of return on investment rapidly outpaces the rate of overall economic growth (r > g). A trend well-nknown through history until the 19th century. He predicts that this path will likely continue in the 21st century, resulting in wealth growing faster than output and income—thus pushing towards divergence of equality.

In Thomas Piketty’s “Capital in the Twenty-First Century,” he explains the rising of inequality among our country and how it partners with market and capital economies. Market economies, according to Thomas Piketty, cause rich to rise above everyone else. The wealthier social classes have more assets, causing their incomes to rise more quickly than others. The richer classes have an advantage in the market economy where they can make enough profit to have money to spend, and some money to put away in savings. “Piketty’s First Law of Inequality,” (545) is that the rich have the ability to invest with a few exceptions, while the poor does not.

“the distribution of wealth is too important an issue to be left to economists, sociologists, historians and philosophers. It is of interest to everyone, and that is a good thing.”-Piketty

Many factors contribute to poverty in the United States and all over the world, however, the definition of poverty varies in each location. In the US, sleeping in your car and living on a few dollars a day is considered extreme poverty, however, in some countries, finding water and food to eat every day is a blessing and they don’t have a few dollars (Sullivan, 2016).

Low and Middle class individuals contain more of a population in comparison to those individuals who live in a high-class society. The term inequality stems from an economic background. Income inequality has increased significantly since the 1970s after several decades of stability. Overall, income inequality can be easily translated to the total share of the nation 's income that is received by higher income households. This type of economic

Many describe poverty as an economic deprivation, or lack of income. However, this alone does not incorporate the different social, cultural and political aspects of this unfortunate reality. Poverty is not only a deprivation of economic or material resources but a violation of human dignity. The general scarcity, lack, or the state of one without a specific amount of material possessions or money. It is a versatile concept that may be defined as either absolute or relative. Time and again, poverty is a call to action, for the poor and the wealthy alike, it is a call to change the world so that many more may have enough to eat, adequate shelter, access to education and health, protection from violence, and a voice in what happens in their communities.

Many Americans believe that America has one of the most powerful economies that is involved in the global market and the best average living standards. Since the creation of the United States it has been known as the land of endless opportunities, regardless of social or economic classes. Under this philosophy, all citizens should have equal rights and given equal opportunity to progress in the workforce. However many Americans are living full lives and do not have financial obstacles to get over. Even so, millions of Americans are still faced with poor living conditions and struggle with providing for their families basic needs. Whether Americans believe poverty and inequality exist in America exists or not, the authors in three different articles:” Culture of Success” by Brink Lindsey, “A Great Time to Be Alive?” by Matt Yglesias, and “Born Poor and Smart” by Angela Locke, and “The War Against the Poor Instead of Programs to End Poverty”by Herbert J. Gans, shared ideas on how to help fix the problems of the impoverished community and address the cause of the problem. The four articles also explain different biases that the impoverish have to endure everyday.