Three Factors That Lead To Income Inequality In The United States

James Madison once stated inequality of the rich and poor predicament to be “evil” and believed that the government should avoid an “immoderate, and especially unmerited, accumulation of riches” (Johnston, 2016). As one of the founding fathers of our nation, James Madison had a concern about the separation between the rich and the poor. He felt the government should do what it could to avoid the separation, which one can infer that he meant for the government to tax the rich by a greater percentage, thus reducing the financial burden on the poor. A rift has always been present between the rich and the poor throughout history. Depending upon the job, the working class may or may not make enough to support a family. At this point, the

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.

Americans today live in a distinctly unequal society. Inequality is now wider than it used to be in the last century, and the division in income, wages, and wealth are broader than they are in other developed economies of the world. Wealth inequality is the imbalance of wealth or income within a society, and it is one of the most vital economic challenge the US is facing today because the distribution of wealth is more dispersed, making the inequality in wealth distribution at its highest. While the matter has been discussed for many years, the actual income disparity in the U.S. has heightened and is now verging on an extreme gap that portends to impede long-term economic growth. The huge gap between the wealthy and poor is squeezing the U.S. economy, the wealth gap threatens economic growth by diminishing social mobility and producing a less-educated workforce who are not able to compete in the global economy. unrestrained level of income inequality causes political pressures, it discourages trade, investment, and hiring. The present level of income inequality in the U.S. is shrinking GDP growth, and the world's largest economy is struggling to recover from the Great Recession.

Amongst all of the presidential candidates of the 2016 race, one in particular stands above the rest. Bernie Sanders, running as a democrat, holds the highest capability to better the nation amongst all other candidates.

Chapter 2 was interesting and informative. First, I would like to state that changing demographics, globalization, and household composition are a few of the things which have contributed to income inequality.

Furthermore, the equality of opportunities as one of the foundations of the American dream turned into evident inequality. “The lion’s share of economic growth in American over the past thirty years has gone to a small, wealthy minority, to such an extent that it’s unclear whether the typical family has benefited at all from technological progress and the rising productivity it brings” (Krugman 586). Income inequality has been steadily growing since 2008 when the global financial crisis erupted. Moreover, the gap in prosperity between the group of Americans with high income and all the others had never been such extreme as it is now. Thus, not everyone has the opportunity to become wealthy through hard work. The increase in socioeconomic inequalities,

Superior authorities that are discriminatory and unequal to others because of ones status have shaped our society to the way it is now. To this day we still encounter income inequalities in the United States. Social inequality gap between who can afford the healthcare. Superior people who are in charge don’t make it easy for low-income families to afford healthcare. Minority groups hold far fewer net financial assets than whites. We are categorized in groups, upper class, middle class and lower class. When health is a service, the poor are more likely to experience illness caused by poor diet, to live and work in unhealthy environments, and are less likely to challenge the system. In the United States, a disproportionate number of racial minorities

The United States is one of the richest and most abundant nations in the world. It is ironic that such high levels of poverty and income equality still continues in such a prosperous nation. Poverty exists due to the economic system that is constructed to allow the increase of wealth on one side and conditions of scarceness that make poverty unavoidable on the other.

Income inequality has been an ongoing issue that has affects many American citizens for decades. Some Americans are more affected by income inequality than other Americans. This is an unfortunate fact, but there seems to be no easy solution and it seems it is getting worse. American citizens are losing hope in the system, and their voices screaming for change that benefits all, are rarely heard.

The United States has a system based on the principles of equality, majority rule and the preservation of minority rights. It is the oldest remaining democracy and has the oldest written constitution in the world today. Not only that, but it also is one of the first systems to embrace the idea of popular sovereignty. When researching this case in comparative politics, one of the overall themes was that political competition occurs consistently in the United States. Examples include federalism and the separation of powers, which allows voters in the United States to go to the polls far more than compared to other democracies. It can also be seen through the separate party system that causes division between groups, hence the competition. Another idea revealed in the case is that

The hot topic of inequality is a widespread issue within the United States and many other countries alike. The gap appears to be continually expanding between the extremely wealthy and the extremely impoverished. The author states that, “To really grasp the essential meaning of economic inequality requires examining how income is measured in relation to demographic changes, geographic differences, and shifting fortunes over the life course” (Gilbert 11). Determining exactly how inequality works, and is measured, becomes very difficult when considering all that plays into a viable resolution. In addition, the diverse differences that exist for income expenditures from state to state play a major role. For example, “...when regional price differences

There are a different amount of social factors that play a role in the rising income inequality. One of the most prominent is marriage trends. The degree of “associative matching,” or marrying someone who has had higher education when you also have had a higher education has increased over the past few decades. The gap between the incomes of highly educated couples and less educated couples has been continuously widening since the 1960s. More married women with college degrees are entering the workforce and further increasing incomes of well-educated couples. Higher income inequality leads to

In the documentary film "Inequality for All" Robert Reich (2013) clearly explains how this massive inequality in the distribution of wealth occurred and how it will affect the workers of his country. When the salaries become lower, a worker has to take on more debt. As college costs skyrocket, so there are few people to go to public universities, which ones are and should be free. The economy is not the only thing growing and the wealth gap, the richer are getting richer. At the same time, the economy will affect the political, damaging the rights of citizens and undermining democracy. More disappointing are Reich's lack of possible solutions and ways to turn this around. Finally, he hopes some of people are going to change the community.

Across the United States and in any other countries, there is a social injustice that is often overlooked, and that it income inequality. Taking a closer look into the topic, we can see how it affects the environment around us, but for this study, we will be looking specifically at the overall health of the United States. To do this, we will be looking at a variety of categories that will help showcase the health of America from the effects of income inequality. The three categories that will be that base criteria for our judgement on the health of the United States are crime, education, and economic growth.

It has been known for a while that the top 1% owns the majority of the United States’ money, being at around 35% of the country’s wealth. There are many factors that affect this, such as the wealthy able to make investments, the amount of debt a person has, and income inequality. What measures the amount of wealth one person has is the amount of assets they currently hold on them. It could be objects such as vehicles, houses, very few debts, etc. Income inequality can worsen wealth inequality because the income people have available to save and invest matters. White families accumulate more wealth over their lives than black or Hispanic families do, widening the wealth gap at older ages. black families, on average, have carried more student