Wealth Inequality In America

Wealth inequality; its not a topic many people would choose to make a YouTube video about. However, earlier this year a video regarding this very topic went viral and received over 12 million views on YouTube. It is titled, Wealth Inequality in America, which was produced by the YouTube user Politizane. The issue of wealth inequality across the United States is well known, but this video shows you the magnitude of the disproportion in intense and illustrative manner. It uses charts to explain in the simplest of forms, the issue of inequality. The video is a little over six minutes long. It isn’t very showy but does illustrate the point the creators are trying to make very clearly. The series of charts are accompanied by what seems to be a

“Inequality for All” is a movie reveals the truth about the United States’ economy with a speaker used to be the Secretary of Labor in the Clinton administration, Robert Reich. Throughout the film, Robert gradually proves what is happening in terms of the distribution of income and wealth, why and is it a problem. He provides plenty of graphics, interview

William Domhoff’s claims in the article Wealth, Income, and Power, are, for the most part, very strong. He makes strong statements regarding the concentration of wealth in the United States, and backs them up with good sources throughout. The statistics used are valid, and consistent among many trusted sources. The only area where Domhoff’s argument falls short is when he references the causes of wealth inequality. In this portion, his argument is a bit weak and could be strengthened by considering other important factors effecting wealth concentration, rather than limiting it to two seemingly all-important issues. Overall, upon examination of Domhoff’s ideas and sources, he presents an accurate and fairly strong argument about the unequal distribution of wealth in the United States.

According to Inequality.org, “We equate wealth with ‘net worth,’ the sum total of your assets minus liabilities. Assets can include everything from an owned personal residence and cash in savings accounts to investments in stocks/bonds, real estate, and retirement accounts. Liabilities cover what a household owes: a car loan, credit card balance, student loan, mortgage, or any other bill yet to be paid. In the United States, wealth inequality runs even more pronounced than income inequality” (Wealth). Wealth disparity affects everyone in America. When the top twenty percent of earners in America take over fifty percent of total earnings in any given year, It can be see as very unfair by anyone who is in the middle class and especially the lower class of citizens in the U.S. It is safe to say that both sides of the political world (Republicans and Democrats) are equally worried about how economic inequality will affect their children and future generations. No matter who you ask, rich or poor, and whatever their opinion on the shape of economic distribution in America is, they most likely have a unrealistic sense of the state it is actually in.

Wealth inequality in the United States has grown tremendously since 1970. The United States continuously reveals higher rates of inequality as a result of perpetual support for free market capitalism. The high rates of wealth inequality cause the growing financial crisis to persist, lower socio-economic mobility, increase national poverty, and have adverse effects on health and well being.

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.

This article titled "How income inequality hurts America” written by Steve Hargreaves explains the thesis statement itself. On the other hand, he states it’s not just income equality but it’s also lifespan inequality, education inequality, and declining economic growth, which refers to the graphs shown above the starting paragraph. Mr. Hargreaves then points out a fact that the rich are getting richer, while the poor and the middle class are falling behind. Another fact concerning this issue is the 400 richest people outnumber the wealth of the bottom 150 million put together.

In the video, Wealth Inequality in America, there were many things that caught my attention the second time around that i had not understood the first time listening to it. When they had surveyed 5,000 people I was not surprised to see that the ideal for most Americans would be a somewhat even distribution of wealth among the various groups. What I was most shocked about was what most American think about the distribution of wealth is not even close to what the reality has to hold. The fact that lowest 20 - 30 percent don't even register as sharing in the wealth of America as they are behind the poverty line. They are living of “pocket change”. The top 1 percent didn't even shock me as much as how the middle class did.

Without realizing it, most of us live in a bubble. This impermeable layer makes us oblivious to what's going on in the world and ignorant to the truth. The media is powerful, but there is a huge difference between seeing something, and experiencing it in person. After 17 years of living in that bubble, I finally popped it and opened my eyes to a world I had never felt before. Colombia, like many developing nations, faces rampant income inequality that acts as a huge barrier for the country to make a leap towards economic prosperity. But to truly understand this great monster in our world called "income inequality", you have to experience both extreme living conditions. And during the summer, I was able to do just that. In 24 hours. With an

The crowd began filing into Sister Jean’s soup kitchen on Pacific Ave. in Atlantic City, N.J. well before lunch was to be served, while directly across the street, people with money to burn strolled into Donald Trump’s massive and garish Taj Mahal casino.

What is Income Inequality? Well “Income Inequality is the unequal distribution” of family or individual wage over the different individuals in an economy. Income inequality is often showen up “as the percentage of income to a percentage of population” (Staff.) Income inequality creates and impacts the U.S. in different aspects, whether it is distinguished by “region, gender, education and social status” (Staff), as well as there are certain causes and potential solutions to resolve the problems that Income Inequality creates.

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

What is wealth inequality? “It is the difference between individuals or populations in the distribution of assets, wealth or income.” [1] In sociology, the term is social stratification and refers to “a system of structured social inequality” [2] where the inequality might be in power, resources, social standing/class or perceived worth. In the US, where a class system exist, (as opposed to caste or estate system) your place in the class system can be determined by your personal achievements. However, the economic and social class that an individual is born into is a big indicator of the class they will end up in as an adult. [3] What are the effects of this wealth inequality in the US and what causes it as well as some possible solutions

After watching the video Wealth Inequality in America (2012) and reading the article Apple’s Retail Army, Long on Loyalty but short on Pay by David Segal (2012), I started reflecting on how blind we have become to the conception of America’s growing economy. While the social stratification is an ideal ladder, for the poor to middle classes to seek for economical growth to reach the top, the wealth class. There’s a misconception on how corporations are helping society’s economic growth. While growing in value for its shareholders, corporations are rising inequality among the workplace. The reality of an uneven economy is notorious for the poor, yet its magnitude is not imaginable by many. President Barack Obama has tried to address this issue with a proposal of raising

I am the farmer from Massachuset. The uneven wealth distribution is the money was distributed unevenly among the the rich and poor, between industry and agriculture within the United States, and between the United States. Many Americans lost their jobs, became bankrupt and couldn't provide enough to sustain their families due to the loss of income. These issues were created because of their inability to cooperate together. The selfishness of the upper class allowed the economy to be in a rut. This uneven distribution caused prices to go up on products as the factories put them out en masse, but the everyday laborer was increasingly unable to buy the products. The top 1 percent of Americans each had a wealth equal to the bottom 42 percent combined.