Wealth Inequality In America Analysis

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.

"How Economic Inequality Harms Societies." Richard Wilkinson:. TED Talks, July 2011. Web. 26 Feb. 2015.

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

Throughout the years, the gap between the poor and the rich has only increased. The wage percentage has decreased, while the productivity percentage has increased. During recent years, the wealthiest of the American population, also known as the top 20%, control over 80% of the American wealth, while the “poorest of the poor” barely control 5% of the wealth. An example of this income gap would be CEO of companies and their

In all economies, in all times, and in all places, there has been inequality. Sometimes it has been in the form of forced and immobile classes and sometimes the disparities have been the result of forces outside of the population’s control. There have been those who conquered and those who were conquered. History documents early civilizations organizing class systems within each new civilization. It is human nature to organize in this way. There have always been those who have more and those who have less. Yet, that does not make it okay for those suffering in our lower classes. It does not make it okay for those forced into this lower class who are unable to rise above it. The attitude toward those in the lower classes can be improved upon. There are many who believe that there are “plenty of jobs available for poor people, that government programs breed dependency and that most poor people would prefer to stay on welfare” (Lauter). The standard of living needs to be raised so that the impoverished people in America continue to be richer than those

Wealth inequality in the United States is at an all-time high with the top 1% being as wealthy as the bottom 50% combined. All is not copacetic. Due to the recent presidential election, there is a divide between the nation’s two major parties and even a divide inside each party. There are school shootings happening all around the country and there is more money in politics than there should be. Despite all of the bad things going on, there is always hope for the United States. There is always hope for the United States of America because, throughout the course of history, it has been able to endure every single hardship thrown its way due to its strong foundation, the US Constitution.

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

In the 21st century, the American media has portrayed the wealth inequality in the United States in a very black and white way. Poverty has become an ongoing problem and has accelerated the appalling wealth divide. In 2010, the poverty rate in the U.S. reached fifteen percent which was the highest it had reached in almost two decades. Obligations to providing equality and adequate living conditions have been removed; there is no more “moral code or ethical principle” that can be used to contradict this growing American atrocity. On one side of the spectrum there is the upper class, the esteemed one percent of the social hierarchy in our country; however, on the other side there is the desolate and extreme poor that are constantly being used

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

The wealth gap, or wealth inequality, is the uneven distribution of wealth within the United States. The gap in the United States is one of the largest gaps between the rich and the poor out of most developed countries. The wealth gap is impossible to ignore when “income inequality has been increasing steadily since the 1970s, and now has reached levels not seen since 1928.” (D. Desilver, 2013)

This paper provides insight, reasoning on the wealth disparity in the United States. After all, the social movements that have advocated over the years for equality. The wealth gap remains the same. It continues to be intertwined with politics and racism. Corporation increases the wealth disparity with their political agenda in mind. In the article, "Race, Homeownership, and wealth" by Shapiro Thomas defines wealth and income. Wealth defined as " the total value of a family’s financial resources minus all debts” (Shapiro, 2014); Income “represent the following resources earned in a particular time” (Shapiro, 2014). The two definitions have two very different meanings, but there often misused. Wealth is vague and can refer to many aspects of a person and families "total value" white income is only a particular value. Shapiro argues how “Income and wealth are often confused both in the public mind and in the social science literature” (Shapiro, 2014) Wealth and income carry an important purpose because it represents how society views a person who has wealth. An individual who obtains a significant amount of "money" it is believed because they earned a substantial amount of income. The reality is people who have wealth inherited because of their family. The majority of the one percenters are born into their wealth instead of working for it. The confusion of wealth and income creates a system that does not question individuals on the top of the social pyramid. The society

Income inequality in America has been a major issue for years. We can see the uneven distribution by comparing one of the world’s wealthiest man in Bill Gates to the average person. He has made over 50 billion dollars in his lifetime. Comparing him to the average person who makes 37 thousand dollars a year. Although, unemployment rate has decreased in the U.S, the gap between rich and poor in this country has dramatically increased. There are many contributions to the gap, such as different education levels among citizens, living conditions, taxes, difference between salaries, and more. Income inequality in the U.S needs to be addressed. This horrible problem in our country

Wealth inequality is rooted in the American idea of capitalism because capitalism is creating a name for yourself and making the most money you can, capitalism also includes the fact you can do whatever you want with the money you acquired. Krugman talks about how capitalism created wealth inequality when he says, “…‘capitalism,' in which the commanding heights of the economy are controlled not by talented individuals but by family dynasties…” (Krugman). If generations ago your family was one of the first families in America and became exceedingly rich off of trade or land you probably still have a large majority of their money. Because we live in a capitalistic world people can choose to spend every single penny they have, or give their money

Socio-economic differences are factors that seem to be inherent in the economic system of modern capitalism that is utilized by the United States today. These wide differences may seem to be necessary, however that may not be the case. This piece of “common knowledge” needs to be eradicated from the American subconscious and a widespread paradigm shift is necessary if we are to improve ourselves as a nation socially, culturally, and economically. In Allison Aubrey’s article; “Fast-Food CEOs Earn Supersize Salaries; Workers Earn Small Potatoes,” Aubrey shows just how large the income gap is between the rich and the poor through numbers, “ the fast food industry … with a CEO-to-worker pay ratio now exceeding 1000 to 1” (CEOs). This pay ratio gap is proof of the massive issue we have as a nation of pay inequality, supporting the statement that the class equality differences are unnecessarily large and that the difference must be shrunken or at least improved. I say that to correct the major differences in equality among the nation we need to look beyond the wages of CEOs in certain industries, we need to improve the cultural and societal image of the working class, reduce federal accommodations for the rich, whether they are intentional or not, and increase the educational levels of those in poverty and those at the lower levels of society. The new generation, moving into jobs and into economically significant positions around the country should consider how these changes and