Wealth Inequality Essay

Wealth gap, which is also known as wealth inequality, according to Wealth Inequality | Inequality.org (2015), refers to the unequal distribution of money and assets to residents of the United States. In other words, according to America’s wealth gap between middle-income and upper-income families is widest on record (2014, December 17), the top 1 % of our nation’s population earns 80% of the United States income. Which means the remainder of that belongs to the middle and lower class. My take on all of this, is that it is not fair. The difference between the top percent and middle class is far too grand and in turn makes it more difficult to move up in class. With this being stated so, though I am a little on the fence about the concept, I still can not help but feel that there should be a better and more effective way to distribute wealth amongst our nation’s residents.
The larger percentage of our nations population is in the middle and lower class according to What is the wealth gap? (2012, March 1).
Thinking about it in the fairest way possible, one could come up with a way to distribute funds better than they are currently being distributed, but it will never be completely fair. In such a scenario, you are damned if you do, and damned if you don’t. I personally believe that a great way to redistribute funds a little more fairly can be by ways of income tax. I feel that a person’s cost of living should play a bigger part when being reimbursed during tax season, after all we do pay almost 40% in taxes, according to High-income Americans pay most income taxes, but enough to be ‘fair’? (2015, March 24), and we don’t work 40% less hard doing so. Otherwise weather it is raising wages or lowering the cost of living, there is some way or form to make life a little less financially difficult for the middle and lower