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Income and wealth inequality sociology
Social inequality and global inequality
Social class and social inequalities
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Aside from discrimination and crime, wealth distribution among the rich and poor is definitely an issue to be spoken upon. Charts on urban.org showed that “families near the bottom of the wealth distribution (those at the 10th percentile) went from having no wealth on average to being about $1,000 in debt, while families near the top (at the 90th percentile) saw their wealth increase fivefold, and the wealth of those at the 99th percentile—in other words, those wealthier than 99 percent of all families—grew sevenfold.” over the course of 50 years. These studies also found that Federal policies fail to promote asset building by lower-income families and explains that, “The federal government spends over $400 billion to support asset development, …show more content…
Low-income families benefit from safety net programs, such as food and cash assistance, but most of these programs focus on income—keeping families afloat today—and do not encourage wealth-building and economic mobility in the long run. What’s more, many programs discourage saving: for instance, when families won’t qualify for benefits if they have a few thousand dollars in assets or when they have to give up rent subsidies to own a home.” and the disparities in wealth and housing continue among the rich and the poor and the abuse of the capitalist system is still prevalent in where ignoble people are in the top percentile and are mirror images of the U.S.’s claim that good character leads to success. Many of these became solidified in the Industrial Revolution where Karl Marx’ law of increasing poverty, “The rich get richer and the poor get poorer” held true. At the dawn of this revolution, classes were made in the U.S. society and that has been a system and habit that the country has yet to break out of and this is at the cost of the people’s well being, it left behind agricultural development and favored machines and
Poverty in America is a very complex issue that can be looked at from many directions. There are a plethora of statistics and theories about poverty in America that can be confusing and at times contradicting. It is important to objectively view statistics to gain a better understanding of poverty and to wade through the stereotypes and the haze of cultural views that can misrepresent the situation.The official poverty line in America begins with a person making at or below $12,060. To calculate the poverty line for a family, an additional $4,180 is added to the base of $12,060 for each additional member(“Federal Poverty Level Guidelines”). According to the last U.S. census, over 45 million or 14.5% of Americans are at or below the poverty line(Worstall). At this level, the U.S. poverty level has not changed much from the 1970s when the government began a “War on Poverty.” However,
With each class comes a certain level in financial standing, the lower class having the lowest income and the upper class having the highest income. According to Mantsios’ “Class in America” the wealthiest one percent of the American population hold thirty-four percent of the total national wealth and while this is going on nearly thirty-seven million Americans across the nation live in unrelenting poverty (Mantsios 284-6). There is a clear difference in the way that these two groups of people live, one is extreme poverty and the other extremely
Since poverty affects a wide array of people, poverty has evolved into a very complex issue. And even though the government has passed legislature to try to ameliorate the situation, many of these means-tested measures like food stamps, have only been able to help the surface of poverty and fails to rip out the long roots poverty has grown throughout history. Poverty’s deep effects are seen especially in minorities as they struggle much more to leave a current situation that has been created by historical process. Even though government assistance like food stamps do help alleviate some of poverty’s burden, these measures fail to recognize the reality that many of the impoverished minority have undervalued homes or no homes at all and even if they can rent, that rent can be high enough to take up more than fifty-percent of their paychecks. Overall, poverty in America is a vastly complicated issue rooted throughout history. And even though the government has attempted to pass legislature to help provide relief from poverty, America still has yet to provide measures that target the roots of poverty and until then, the government assistance it does provide will only be superficial and fail to provide long-term solutions to a complicated
The concept of the "working poor" has gained prominence in the post-welfare reform era. As welfare rolls shrunk, the focus shifted from the dependent poor to the working poor. It was obvious that without substantial outside support, even families with full-time low-wage workers were still earning less than the official poverty line. And while American society purports that anyone can prosper if they work hard enough, it became apparent that with inadequate opportunity or bad luck, a growing number of families could not attain the American dream, or even break the cycle of poverty. The new challenge for American social policy is to help the working poor lift themselves out of poverty. That's why progressives who supported ending welfare as we know it have set a new goal -- the government should "make work pay" so that no one who works full time is poor.
The inequality in Australian education can be attributed to a history of low expectations and discrimination placed on Indigenous people by the government and society. Aboriginal children were denied the right to education until the 1970s due to the discrimitory views of the government and society. The Indigenous population were the sub-standard race of humanity with little to no chance of succeeding in life and these attitudes affected the educational choices offered to them (Ray & Poonwassie, 1992). As the superior race, the Anglo-Celtic Australians, considered themselves both intellectually and socio-culturally more advanced than their inferior Aboriginal neighbours (Foley, 2013). As a consequence of these racially and culturally motivated preconceptions, children of Aboriginal descent were considered unskilled outside of their own and were deemed incapable of excelling in ‘civilised’ white society (Foley, 2013). As a result, the Australian Government, in an effort to civilise and nurture politeness within the Aboriginal people, constructed “structured” (p 139) education training institutions in 1814. However, these problems only provided sufficient schooling for menial work: Aboriginal male children were prepared for agricultural employment, while girls were trained for domesticated services (Foley, 2013). Thus, as a direct consequence of low expectation for life success, Aboriginal children were offered minimal schooling ‘consistent with the perception about the limitations inherent in their race and their expected station in life at the lowest rung of white society’ (Beresford & Partington, 2003, p43). According to Foley (2013) this combination of low expectations and poor academic grounding meant that Indigenous children we...
Wealth inequality is a real issue that needs to be fixed. The imbalanced growth of the upper class compared to the middle class is a danger to American society as a whole. The rich becoming richer while the middle class remains the same leads to a power imbalance, with the rich using their money to run the country the way they see fit while the middle class speaks to ears that do not listen. The issue of wealth inequality needs to be fixed by raising taxes on the rich.
The United States has a pervasive issue of income inequality (Volscho & Kelly, 2012). While the wealthy few live in absurd abundance, poor hardworking individuals often cannot afford basic necessities. Such a dynamic is not only an affront to the ideals of equality of opportunity, but also may increase crime as a result of relative deprivation and lack of legitimate opportunities to achieve (Thio, 2010). This essay describes the magnitude of income inequality in the United States, reveals barriers that obscures its magnitude, and suggests a starting point from which corrective measures might develop.
Why are so a large number of people that beg for money, sitting on the streets, looking for food 's some sort? It is not day-to-day that we consider situations like this, but it is out there constantly without all of us realizing it. A number of states have poverty 's more issues than others, but it is sad to think about how plenty of people are actually considered to be in poverty. This is an inequality concerning me a lot, and is getting worse daily. Poverty in the United States relates to people whose annual household earnings are less than a poverty line set by the United States government. Poverty is common, resulted in by numerous different factors such as failing markets, structural problems, unfortunate mishaps, and poor individual
The historical context of inequality in the United States can be can be traced back to the American South and the times of the Civil War. The slave trade, Emancipation Proclamation and 13th Amendment largely contribute to the inequality presented of the African American population.
According to Schwartz-Nobel, America will lose as much as 130 billion in future productive capacity for every year that 14.5 American children continue to live in poverty (Koppelman and Goodhart, 2007). Sadly the seriousness of poverty is still often clouded by myths and misunderstandings by society at large. This essay studies the issue of poverty and classism in today's society.
Economics of Reich “Why the Rich are getting Richer and the Poor, Poorer” written by Robert Reich, describes as the title says, why the rich are getting richer and the poor, poorer. In Reich’s essay, he delves into numerous reasons and gives examples of each. It makes one wonder if the world will continue on the path of complete economic separation between the rich and the poor. One very important factor Reich examines in his essay is that large corporations are always trying to find the edge, whether that is new technology or cheaper wages. One may ask, how does that affect me?
POSC 100 Paper #1 Joshua Han j0shh4nxd@gmail.com. Over the past few years, a number of occurrences have displayed the growing economic and political inequality of the United States. The currently dissipated Occupy Movement did draw the general public’s attention to the ridiculous strides made by the rich, whose incomes have skyrocketed within the past four decades. Those pertaining to the middle-income and poor have sadly had their incomes stagnate.
Wealth inequality is the uneven distribution of resources in a given state or population, which can also be called the wealth gap. The sum of one’s total assets excluding the liabilities equates the person’s wealth also known as the net worth. Investments, residents, cash, real estates and everything owned by an individual are their assets.In reality, the United States is among the richest countries in the world, though a few people creating a major gap between the richest, the middle class and the poor control most of its wealth. For more than a quarter of a century, only the rich American families have shown an increase to their net worth.Thisis a worrying fact for the less fortunate in the country and calls for assessment (Baranoff, 2015).
Income inequality continues to increase in today’s world, especially in the United States. Income inequality means the unequal distribution between individuals’ assets, wealth, or income. In the Twilight of the Elites, Christopher Hayes, a liberal journalist, states the inequality gap between the rich and the poor are increasing widening, and there need to have things done - tax the rich, provide better education - in order to shortening the inequality gap. America is a meritocratic country, which means that everybody has equal opportunity to be successful regardless of their class privileges or wealth. However, equality of opportunity does not equal equality of outcomes. People are having more opportunities to find a better job, but their incomes are a lot less compared to the top ten percent rich people. In this way, the poor people will never climb up the ladder to high status and become millionaires. Therefore, the government needs to increase all the tax rates on rich people in order to reduce income inequality.
Do the poor in this country have a choice not to be poor? Do the less fortunate have the same access to opportunities as the middle and upper classes? Do government programs designed to help the impoverished actually keep them in the lower ranks? These are all difficult and controversial questions. Conservatives and Liberals constantly battle over these issues in our state and federal governments. Local and national news media provide limited insight to the root causes and effects of the nation’s poor. There is obviously no simple solution to resolve the plight of these often forgotten citizens. Most of us associate poor as being in a class below the poverty line. In fact there are many levels of poverty ranging from those with nothing, to those with enough to survive but too little to move up. I believe many of our nation’s poor are so by their own doing. I will share observations and personal experiences to support the argument that being poor often is a result of individual choice. One needs merely inspiration and perspiration to move up the socio-economic ladder in the United States. We live in the land of opportunity where anyone with the drive and determination to succeed often can.