Essay On Wealth Gap

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The wealth gap otherwise known as wealth inequality is best described as the unequal distribution of assets within a population. Here in The United States there is a wider gap of wealth between rich and poor than any other major developed nation.

The wealth gap in the U.S has hit an all-time high. The gap between rich and poor is wider than it’s been in 30 years. Last year it was found that the wealth gap is the widest that it’s been since 1983.

The main reason for the wealth gap is because of the wages staying the same. In some states the minimum wage is still $7.25. I’m not sure how anyone could possible live off of $7.25 an hour but still millions of Americans have to find a way to make it work. A CEO makes 300 times more than his workers. The top 20 percent of earners rake in over 50 percent of the total …show more content…

Upper class Americans are usually referred to a rich and are the wealthiest in the U.S. Members of the upper class accumulate wealth through investments and capital gains, rather than through annual salaries.

The richest 20 percent of Americans hold 84 percent of the nation’s wealth. The bottom 40 percent have less than 1 percent. The top 1 percent of Americans have a bigger slice of the pie (40 percent). The top 1 percent actually own at least half of the country’s stocks, bonds and mutual funds. It would take the average worker more than a month to earn what a CEO makes in one hour.

It’s my opinion that something should be done to redistribute the income. The rich continue to get richer while the poor are getting even poorer. Even though some of us have the same opportunities but choose different routes of life most rich Americans are actually born reach.52 percent of Americans agree that the government should redistribute income. In order to redistribute the wealth it would consist of heavy taxes on the richest

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