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Analysis of the inequality of income distribution in american society
Analysis of the inequality of income distribution in american society
Analysis of the inequality of income distribution in american society
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A Fragmented Pie
Money is what makes the world go around. From day one, people are assimilated with the idea: to consume, one must spend a medium sufficient enough to receive an object that is desired. Every country has that medium. The Europeans have the Euro, the Japanese have the Yen, Chile has the Peso, and the United States has the Dollar. However, this idea of “getting and spending” has done more harm than good in specific countries. Particularly, in the United States there has been a growing issue of income inequality. The textbook definition of income inequality states: the difference between individuals or populations in the distribution of their assets, wealth, or income. The political problem itself, nevertheless, is deeper and denser than that. Out of all the developed nations, the United States is ranked with having the most uneven distribution of wealth. The top one percent reigns over the shrinking middle class and poorer social groups. In that one percent there is only a mere 400 people with more than half the wealth of the rest of the country. With that fact in mind, one could assume that the rest of the country would want to know the secrets to be placed in the elite one percent. There is, however, no secret but the unfortunate fact that upward mobility is shrinking and undeniable corruption behind the scenes has made it nearly impossible for an individual to ever have a slice of the pie. The government has made many attempts to combat this important issue but they have mostly failed. To fix the ever growing income gap inside of America, the solution of taxing the rich and giving the dollar a tangible object to be backed, should be made.
To understand the American wealth disparity, an understanding of histor...
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...ie to the promise of America” – Barack Obama.
Works Cited
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Reich, Robert. "Why Inequality Is the Real Cause of Our Ongoing Terrible Economy." Web log post. Robert Reich. N.p., 4 Sept. 2011. Web. 12 Feb. 2014.
We're Not Broke. Dir. Victoria Bruce and Karin Hayes. Perf. James S. Henry and Chuck Collins. Roco Films, 2012. DVD.
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The Farm: 10 Down: Dir. Jonathan Slack and Liz Garbus. Perf. Warden Cain, George Crawford,
...ty Story. Dir.Catherine Hardwicke. Perf. Keisha Castle-Hughes, Oscar Isaac, Hiam Abbass, Shaun Toub, and Alexander Siddig. MMVI New Line Productions, 2006. Film.
Carnegie, Andrew. The Gospel of Wealth. 391st ed. Vol. 148. N.p.: North American Review, 1889. Print.
Nunnari, Mark Canton, Bernie Goldmann, and Jeffrey Silver. Perf. Gerard Butler and Lena Headey. Warner Bros. Pictures, 2007. DVD.
As the title suggests, Reich's essay “Why the Rich are Getting Richer and the Poor, Poorer” explains the reason behind the growing discrepancy between the wealthy and the poor. To do so, he uses a metaphor of three boats in which one floating and others are sinking. But what causes one group to stay afloat, while the others drown? According to Reich, regardless of what one person's specific job is, his or her job can be simplified to fit into one of three categories: producers, in-person servers, and symbolic analysts. Depending on the category the person falls into, their job holds a specific purpose and if that purpose is no longer necessary to the U.S economy, that person, along with everyone else in that category, will drown. For the most part, his essay is still relevant to today's economy.
Income inequality not only harms us fiscally, but also affects our mental and physical wellbeing; therefore, it is important to identify the right ways to control wealth distribution among people.
What seems to go unnoticed by many Americans is the evident and growing wealth gap. According to Pew Research Center, the current U.S. income is at its highest since 1928. This large dispersion of wealth can be attributed by the “fall [of the] routine producers” (Reich). Where jobs that were once attainable during the 70s are declining due to advancing technology and corporations finding workers in poor countries who are willing to work at half the cost of the routine producers. What also drives this wealth gap is the power of corporations in an age of extravagant consumerism. Through media, the demand to buy what we want is unavoidable. Corporations are able to gain revenue while people go unemployed because of America’s vast opportunities to buy what we want when we want it.
Carnegie, Andrew. "The Gospel of Wealth." Mountain View College Reader. Neuleib, Janice. Cain S., Kathleen. Ruffus, Stephen. Boston: 501 Boylston Street, Suite 900. 2013 Print.
It is also believed that wealth should be non-existent. This is only possible if cl...
Carnegie’s essay contains explanations of three common methods by which wealth is distributed and his own opinions on the effects of each. After reading the entire essay, readers can see his overall appeals to logos; having wealth does not make anyone rich, but using that wealth for the greater good does. He does not force his opinions onto the reader, but is effectively convincing of why his beliefs make sense. Andrew Carnegie’s simple explanations intertwined with small, but powerful appeals to ethos and pathos become incorporated into his overall appeal to logos in his definition of what it means for one to truly be rich.
Income inequality has affected American citizens ever since the American Dream came into existence. The American Dream is centered around the concept of working hard and earning enough money to support a family, own a home, send children to college, and invest for retirement. Economic gains in income are one of the only possible ways to achieve enough wealth to fulfill the dream. Unfortunately, many people cannot achieve this dream due to low income. Income inequality refers to the uneven distribution of income and wealth between the social classes of American citizens.
Crash. Dir. Paul Haggis. Perf. Karina Arroyave, Dato Bakhtadze, Sandra Bullock. Lions Gate Films, 2004. DVD.
When the Levees Broke: A Requiem in Four Acts. Dir. Spike Lee. Perf. Spike Lee. HBO, 2006. DVD
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).
One of the biggest issues that has been plaguing north america is the huge gap between the rich and the poor. As this gap increases the more corrupt the people in it seem to get. This becomes even more of a problem because with the system that the Americas uses only the rich get richer. The source believes that it is the framework of our society that creates this gap and this makes sense. The western world is filled with the idea that in order to be happy a person must have as much money as possible however, this leads to people doing whatever they deem necessary to become more rich; this includes ignoring the position they are putting others in. since those with lots of money have power over jobs and income, the people below them will not have the power to confront low income therefore the source says that the people that have power over the upper