We Need To Lessen Our Nation's Congress

In a country that is historically held to be the wealthiest in the world, it is troubling to realize that the wealth is being taken by so few within the society. With the wealthiest 1 percent earning 23 percent of the annual wealth within the economy, it is no wonder that so many within the country are seeking change. While the current president Barrack Obama is leading the way in removing wealth from the billionaires, it seems as though his efforts may not come fast enough to save the American economy. Additionally, even with the current tax system billionaires avoid large tax bills through hidden accounts and investments that result in reduced tax amounts. On this point, I must rest my question as to whether the government is doing what is absolutely necessary in order to ensure that wealth is properly distributed.

In “Income Inequality: The Public and the Partisan Divide,” Blendon and Benson explain the issue of income inequality and the need to address it. The importance of explaining this problem provides insight for the people who are not educated about the topic, hopefully triggering more public awareness. Blendon and Benson support their opinion by discussing that the two major political parties in the U.S. agree that income inequality is a problem that must be recognized, but cannot come up with a synopsis on how to take care of it. Also, they describe how different perspectives cause different ideas for fixing the issue. Blendon and Benson explain how partisan views towards the role of government are one of the perspectives towards how the income

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

The World’s Columbian Exposition, more commonly known today as the Chicago World’s Fair, brought forth numerous innovations people use commonly today: Juicy Fruit chewing gum, Shredded Wheat, the Pledge of Allegiance, the Ferris Wheel, books printed in Braille, automatic dishwashers, even Aunt Jemima pancake mix. In The Devil in the White City: Murder, Magic, and Madness at the Fair That Changed America, Erik Larson presents these brilliant inventions with a flourish that makes the reader feel as though he is there, experiencing the magic in person. However, despite the spellbinding descriptions and otherworldly air, the author explores a more macabre side to the story. The reader can never get too comfortable in the mystique of the Fair because lying at the end of each chapter about beauty, Larson reconstructs the White City in a different light. In the novel, Erik Larson uses diction and pathos to disquiet the reader while telling the chilling story of H.H. Holmes, what he did, and how he got away with it for so long.

The U.S. are compared with other countries and we can see the we have top U.S. tax rates are low compared with those in Europe. And consequently, we see that the inequality strains the bonds within the society itself, people less trust the government or each other. While social trust is crucial in having a stable political situation in the country: "very high executive pay used to provoke public scrutiny, congressional hearings, and even presidential interventions". So it comes a turn of the inequality of market income". I agree, that the first step was already made by rising the minimum wage, but it`s no enough. We should pick up the slack of our union policy, what experience the drastic

For many years, there has been an ongoing debate as to whether or not the Senate should undergo a reform. Many Canadian citizens are unsatisfied with the fact that the Senate is not elected. How are citizens to be sure that they are being properly represented when they are not able to choose who represents them? Although the Senate is an integral part of the governmental system, many Canadians are leaning towards the idea to completely abolish the Senate. The credible, David C. Docherty, outlines the previous attempts for the Senate reform while describing the mindset of Canadians and where the reformation of the Senate currently stands in his article “The Canadian Senate: Chamber of Sober Reflection or Loony Cousin Best Not Talked About.” The previous attempts for the Senate reform while describing the mindset of Canadians and where the reformation of the State currently stands.

branches of government. These are just a few of the duties of our U.S. Congress.

The popular Disney film, Beauty and the Beast, the beloved character, Beast, seems to have the characteristics of depression, and learned helplessness. Martin Seligman began an experiment of shocking dogs in 1956. His study involved evaluating the reaction to a dog being allowed to escape during being shocked. Some of these animals were classically conditioned to associate the ringing of a bell to a shock given. Within the next few experiments, the dogs would either run away at the sound of a bell or show a fear related behavior. For some of the dogs used in the experiment, although get could escape the enclosure from a shock, they didn't, they just sat there and took the pain; Seligman explained this as being “Learned Helplessness”.

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

Wealth inequality is already shaping American politics and society, and has the dangerous potential to be the defining problem of the upcoming generation. A sizable cause for wealth inequality in America is a dire lack of

From 1938-1969, in America was in a period called the great compression, a time where the difference between the richest and poorest Americans was very small and economic growth was explosive. Due to past and current economic policies and events, income inequality has exploded in America, which is why in 2015 America had the highest level of wealth inequality in the world at 80.56 gini[1] . In the future this inequality will slow down economic growth, increase debt for middle income Americans, make America less democratic, and reduce economic mobility. This problem, however, does have solutions and this paper will lay out some of the solutions and the effect they will have on the economy, but first I will explain the history of income inequality in the US.

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.

In the United States, the top one percent received about 20 percent of the overall income for 2016. This creates an uneven distribution of income causing Americans to argue about whether or not the wealthy should pay more in federal income taxes. One side of the argument is that the wealthy make a huge portion of the nation’s income; therefore, they should have higher tax rates. The other side argues that wealthy Americans already pay their fair share of taxes by paying nearly 40 percent and should not be forced to pay more. These arguments both use compelling evidence to make their claims; however, a solution could be reached by increasing the tax rate of the top one percent by only 10 to 20 percent.

The United States debt and defecit is a major problem in our society. One thing I would propose to the President would be to tax the rich. Time. It's useful to keep in mind how the rich are different. When you are poor, you are willing to trade your time to earn money. When you are rich, you trade your money to get more time. For example, the rich hire people to clean their homes, and they don't waste time shopping for bargains. In business school I learned that when people have different preferences, you can usually find a way to engineer a deal. Gratitude. Imagine that the government arranges to provide genuine person-to-person gratitude to the rich in exchange for higher tax rates. Suppose (bad idea alert) the government makes it a

The era of volatility has created a shift from America being the middle-class society to simply rich or poor (Sachs, 2011). A gap this large has not been experienced since the 1920’s (Sachs). “The top 1% of households takes almost a quarter of all household income” but an economy this top heavy will not be able to succeed (Sachs, 2011, p. 30). The working classes are struggling with housing, wage, and employment issues. Rich individuals are ignoring these troubles, shipping their business operations out of the country, thus furthering the downward spiral of the economy (Sachs). To make matters worse, this has become in a large part a political issue, because the rich can influence candidates with funding, where the poor and working