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Wealth Inequality Research Paper

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Wealth Inequality Research Paper
Wealth inequality is also a major issue between the rich and the poor. Wealth is “the value of assets owned by an individual of family at a point in time. (Gilbert, 277). Even though the rich do pay taxes, it doesn’t affect them as bad as the poor. They are still able to live comfortably because of the property that they owned. These properties are sometimes inherited and passed down to them. Not only that, but it is most likely that they also have some sort of savings or safety net to maintain their lifestyle in case anything should happen. The poor on the other hand, even though they have to pay taxes as well, this can affect them drastically. Simply because majority of the time they do not own much. They do not own any property,
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