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Positive and negative effects of social class
Unequal distribution of wealth
Effects of inequality in society
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Recommended: Positive and negative effects of social class
Tell me where you were born and I'll tell you your future. This is the harsh reality facing the vast majority of the world's population, particularly in developing countries where the concentration of wealth is striking!
Take Bangladesh (8th most populous country on earth) for example, with a population half that of the United States but a GDP(Gross Domestic Product) that is 141 times smaller and that gap is only getting bigger. This is not the only problem however, even scarier is the growing disparity of income within countries themselves. Brazil is perhaps a model example of such disparity; being home to some of the poorest as well as the richest people in the world. It's no secret either, the segregation between the rich and the poor can be seen by briefly taking a look at any country's education system, political system and even architecture. However shocking the differences between nations may be, take a tour of any one of them and there will be one common denominator: inequality.
Although it may be true that some inequality between the rich and poor can be beneficial to the economy, too much of a gap is having grave repercussions. For some children it may prove to be beneficial but it nevertheless has led to a future where the fate of one's parents ultimately determine's one's future. Even more frightening than this intergenerational inequality is the correlation between the parents' incomes and where they live. There is both good and bad news in regards to this fact. The good news is that in the passed few years there has not been a huge change in this disparity of income. However, the bad news is that the only reason for this stability is that we,as citizens of earth, can't really get any worse, in fact we have actuall...
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...distribute this wealth evenly across the nation so that way policies can cater to the greater good of the majority of the people. Inequality between nations is also pregnant with danger for the future. No child should be born with no real hopes and dreams for their future but this is proving to be the case. There will always be exceptions but countless countries leave children with very little option as to what their futures will look like, giving no way out and creating a vicious cycle of poverty. It is imperative that people begin to examine the causes and effects of these problems on a global scale before history repeats itself once more and their repercussions make them global issues. In conclusion, as long as the unequal distribution of wealth remains to be a problem, the stark divide between the rich and poor will result in nothing but affliction for all of us.
The U.S. has the highest income gap between the wealthiest and poorest in the industrial world, which is approximately 12 to 1. In 2004, the affluent experienced a wage increase by 12%, whereas the 99% of average income makers saw an increase of 1%.
Unfortunately, the article’s eye-catching title is a reality in Canada. The wealth gap between the rich and poor is continually increasing. The number of billionaires in the world is so small that they can fit in a single school bus. Sixty-two people now own as much wealth as half the world’s population. The article explained the sad reality of inequality in the United States. It sheds light that the wealth of the poorest half of the world’s population has fallen by a trillion US dollars in just five years, while the wealth of the richest 62 people on the planet just kept growing. The article emphasizes that to truly tackle inequality and address extreme poverty several actions must be taken. These must include working with global leaders to end the era of tax havens, supporting women’s rights organizations and helping developing countries provide universal
The distribution of wealth by country is an amazing thing to look at (see table 3). The United States comes clearly on top with 41.6% of the wealth across the world, with the next closest being China at 10%. This shows that there is plenty of wealth to go around in the United States; we just don’t equally distribute it. The Gini Coefficient is the best way the world economy can represent the income distribution of a nation’s citizens. The United States ranks well below any other first world country (See table 2) This is an embarrassment to our country. We are a wealthy and successful country, yet we have a bigger gap between the wealthy and poor than any other country that compares to
The highest earning fifth of U.S. families earned 59.1% of all income, while the richest earned 88.9% of all wealth. A big gap between the rich and poor is often associated with low social mobility, which contradicts the American ideal of equal opportunity. Levels of income inequality are higher than they have been in almost a century, the top one percent has a share of the national income of over 20 percent (Wilhelm). There are a variety of factors that influence income inequality, a few of which will be discussed in this paper. Rising income inequality is caused by differences in life expectancy, rapidly increases in the incomes of the top 5 percent, social trends, and shifts in the global economy.
has generally lowered, further showing the inequality that exists in our nation. It is usually difficult for the lower classes to achieve financial success because a high income job requires good education which the lower classes lacks because they cannot afford it.
One social problem that has caught my attention is racial inequality. Racial inequality refers to the racial advantages and disadvantages among different races. These might be shown in the appropriation of riches, influence, and life openings stood with individuals in view of their race or ethnicity, both noteworthy and cutting edge. These can be viewed therefore as noteworthy abuse, imbalance of legacy, or general partiality, particularly against minority bunches. Race inequality is not a new issue, just an issue that has been swept under the rug.
Economic inequality is ingrained in our society. Because of this fact, many would argue that “that’s just how it is,” but in reality this is not how a community is suppose to function. As Michael Sandel writes in his book Justice, “As inequality deepens, rich and poor live increasingly separate lives.” Sandel makes an excellent point. As economic divisions, such as the ones present in the United States, worsen, the classes diverge on every level. Wealthy people attend different schools, purchase luxury cars, and live in gated communities. Meanwhile, the poor live in squalor, use public transportation, and attend failing schools. Aside from the lack of a quality education making it harder to escape poverty, the poor are from birth at a disadvantage to those on the other side of the economic scale. The United States is not a land of guaranteed equality of result, that is...
“The world holds enough to satisfy everyone’s need but not everyone’s greed,” Mahatma Gandhi once astutely observed. In a few carefully chosen words, Gandhi pointed out the reason behind economic tension. For example, “Poverty, hunger, homelessness, illiteracy, preventable disease, polluted air and water, and most of the other ills that beset humanity have the same root cause: the inequitable distribution of the planet's wealth and resources” (Canadian Centre for Policy Alternatives, All social and economic problems caused by an unfair distribution of wealth). Additionally, our economic system—unregulated capitalism—advocates and defends a wantonly unequal distribution of wealth. For instance in 2010, “The top 400 people (.0000013% of the population) held more wealth than the bottom 60% combined” (Brian Rogel, Unequal Distribution of Wealth). The top 1 percent has grown richer while inversely affecting the general population. “From 1983-2009 the bottom 60% have had a decrease in both their perce...
We as Americans are extremely lucky. We live in a big country with many resources and almost all the luxuries we ever wanted. On the flip side, in America there are also many people who do not have these privileges. The lower class is a struggling class. For many years, people have been trying to pull themselves up from the lower class and the majority does not succeed. Childhood poverty is a large problem in the U.S. It is said that the poorest people in the United States are the children of the lower class. Childhood poverty could lead to a number of problems such as hunger, violence, physical and mental disabilities, educational problems, homelessness, family stress, sickness, and too-early parenthood. The sad truth is that living in poverty lowers a child’s chance to grow into a healthy, well-adjusted adult who will contribute to society.
illiteracy to corruption. The United States, the wealthiest nation on Earth, has the widest gap
Society has a problem with the distribution of wealth and income. Traditionally philosophers agree that the distribution of wealth within a limited society is considered a problem of distributive justice. Over time there has been a collection of solutions recommended about how much income and wealth people deserve or have a right to possess. Distributive justice has appealed to political ideals as well as the ideas of socialists, libertarians and welfare liberals.
However, this rising inequality of incomes, would not be inconsequential, and the same could be said for inequality of wealth. Inequality has been linked to many negative factors, including health problems (Wilkinson), low class mobility (Krueger), social unrest (cite), and a lower level of productivity among the poor and middle class (cite).
The richest people who seem to keep getting richer have been walking into their wealth since the day they have been born. It has been proven by how the companies have been popping up around the world, how the companies are being bribed by governors trying to make their state seem more economically powerful. “Philips, Sony, and Toyota factories are popping up all over—to the self congratulatory applause of the nation’s governors and mayors, who have lured them with promises of tax abatements and new sewers, among other amenities.” (Paragraph 17) People are born into their jobs, and are doomed for their economic boats. IN other countries such as China, it has been proven that the families with the moneys are the ones with the money, are the ones with the economic power. “Many wealthy Chinese and western residents moved their money abroad and some actually left the colony. By 1971, the Cultural Revolution in China had ended in failure and conditions in Hong Kong calmed,” (Lannom) such as Gloria Lannom states, yet it took a while for Hong Kong to rebuild its economic standings because of this
...ot let this inequality gap continues to rise; therefore, the government needs to tax heavily onto the rich people, and redistribute their money to the poor.
These less-developed countries barely have enough skilled workers, managers and technology. Industrialized countries have four times as many managers and workers as the less-developed countries, also known as LDCs. It is almost impossible for the lower-developed countries to catch up or even compete with the industrialized countries.... ... middle of paper ... ...