After watching the video, "Wealth Inequality in America", published by Politizane, I was surprised when finding out that only the top one percent of America has 40 percent of all the nation's wealth. It was also surprising to discover that the top one percent owns half the country's stocks, bonds, and mutual bonds, while the bottom 50 percent of Americans own only half a percent of these investments. One of the notions I had that was challenged by the video was the amount of money the wealthy actually have compared to the rest of the classes. I was aware that wealth mostly distributed to the wealthy class, but I never imagined that the division between the wealthy class and the rest of the classes would be so huge. Its incredible that the CEO's…
In the passage, “What Ever Happened to Upward Mobility”, the author Rana Forhoohar talks about how America now is different from how America was back in the old days before the Great Reccession with its class differences, compared to now. The American Dream is ideal in which freedom includes the opportunity for prosperity and success, and an upward social mobility for the family, achieved through hard work in a society with few barriers.”…
In “Income Inequality: Too Big to Ignore”, Frank shows the influences in Americans’ lives in different classes by the disparity between the rich and the poor. He arouses people’s consciousness for the “rising inequality” which is being polarized and has been causing immense damages to Americans, no matter which class they are. It is true that the “Income Inequality” in America is very obvious and affecting more and more people. Indeed, “we should just agree that it’s a bad thing”, however, are we able to do something concrete to deal with it effectively? Is the” rising inequality really required in the name of fairness”? I stand neutral towards Frank’s opinion.…
During the past thirty-three years the gap between the rich, middle-class, and impoverished has become much more prominent. At the early signs of this great economic divergence, people mistook it for a short slip-up in our nations economy, but now the divergence has become a reality of life itself. There were signs that the indifference was beginning to disappear in 2011 when The Occupy Wall Street movement occurred, but its hard to know if these will have any lasting effect in our nations future. We tend to think of America growing more equal in society not less, and it has in ways such as gender equality, equality amongst races, marriage…
Krugman suggests that we take the United States economy for granted, he thinks that extreme inequality is an “inevitable byproduct of robust economic growth in a globalized age are not inevitable at all”. Political choices not economic laws, have helped form the United States to become a world superpower and a nation of the very rich, the very poor and an increasingly fragile middle class. His approach to how society should handle these social and economic probelms is for the people to take back the goverment and make society equal again. He supports the idea of a “new, new deal” but thinks that the government is run by a movement that is dedicated to policies that are against most Americans' interests, and must try to compensate for that…
United States citizen's liberties, quality of life is perhaps our most profound pursuant to happiness but when we experience our most highly held institution self-destruct through disregard for one another...For the People...become mute. Therefore, the people act out as their Congress does...with disregard toward one another. Lead...and...I shall follow. After-all, I voted for you.…
Economic inequality in the United States has increased tremendously throughout the past decades and has consequently led to many social conditions that negatively impact the lower and middle class. The unequal distribution of income and wealth is primarily due to the capitalist government economy that deregulates markets as well as globalization and technological advances. Political inequality is similarly another consequence that results from the economic disparity that further affects democracy and political representation of many Americans. This likewise leads to the creation of social movements, in which many unprivileged Americans seek government attention to overcome the inequality that exists amongst the socioeconomic classes.…
Inequality is the lack of equality amongst a society. An inequity is a lack of fairness and justice. The terms are often used interchangeably not only among John Rawls, but also in society. Equality and Equity in the United States of America is a current big topic. Are minorities in America experiencing a lack of equality, equity, or both? Does everyone truly have basic freedoms, or some more than others?…
President Obama called widening income inequality the “defining challenge of our time”. The political firestorm created from perceived economic inequality is an increasingly vexing problem in the United States. The belief, that the richest citizens use their power and privilege by abusing the most vulnerable with impunity, as think tank philosophers feed mob rule passions for equality through “divide and conquer” Machiavellianism. Consequently, allowing the government and wealthy individuals to subvert the republican government by maneuvering regulations narrowly towards oligarchic or autocratic directions. Ultimately, delivering economic wealth to corporate or even foreign powers. What is the basic, the essential, the crucial principle that differentiates freedom from slavery? Derek Thompson’s Barack Obama, Inequality Fighter feeds the Baconian type notion that income inequality is purely factual while dismissing the economic freedom principle of voluntary action over regulatory coercion.…
The Constitution of the United States declares everyone to be equal, but this is not a reality. Throughout history and continuing into the present day, there is disorder and conflict in the lives of working people in society. Inequality creates a conflict of power among social classes due to differing treatment based on race and gender as well as the effects of the economy on working society, and the role of social status in America. The ever present division between races and genders has caused a rise of discriminatory opportunity.…
The United States is a capitalism nation, which is a normal phenomenon to have a wealth inequality. Otherwise, it would be a communism nation. However, when the wealth gap is too wide, there would be a big problem. In recent years, the wealth gap has expanded historically and unprecedentedly wide. The middle class and working class people start suffering. If the gap keeps expanding, the United States will be destroying by this economic issue. A better way describing this situation, The United State is having a cancer that cannot be exacerbate and has to cure.…
All through America’s history, the United States has struggled with many issues. America has dealt with the issue of inequality for over a century. The United States has always been said to be a free country, however, many instances in our history exploit racial and gender inequality. Many people have faced inequality in America due to racism and different laws and policies that negatively affect certain populations. The issue of inequality in America really came to light during the time of slavery.…
The word “opportunity” is defined as the circumstance available to achieve one’s goals. It is a word that is especially applicable to America; the idea of America as nation where anybody has the opportunity to succeed is so embedded into the American identity that “opportunity” has transcended its dictionary definition. It has become an intrinsic part of the American Dream, a word ingrained with the history of many generations. To many, America is often considered the land of opportunity; from the earliest colonizers, who sailed across the Atlantic Ocean for religious freedom and economic gains, to pioneers who traveled in wagon trains to the American west in pursuit of gold and land, to immigrants throughout history who have come to America for a better life. America has always been seen as a place where people can strive to improve their lot in life, as long as they had the determination and perseverance to do so. Despite this idealistic image of America, however, it is not always supported in reality. We should aim to appreciate, to strive for, to live the ideal that hard work leads to success, but we should also acknowledge…
Dear president Curtis Jackson, right now the U.S. has become to unequal which will cause many problems in the future. There are many studies about the inequality that exist among citizens which will lead to the collapse of our civilization. Through sociology these inequalities are about power and wealth between social classes which are developed through social stratification. Also, since we are a post-industrial society people are also separated by race in some ways especially around the time of the civil war. In Americas history the Great Depression was probably the closest that we came to an economic collapse.…
America is known for many things, such as the wealthiest country in the world. However, America has also been known for the injustice and inequality that many people face. This chapter explains why America is so unequal. Florencia Torche, clarifies that the higher the income share of the wealthiest 10%, increases inequality. Not only does America face inequality, but other small countries had increased amounts of inequality. Due to this, there is a common factor that both country share, that can indicate the reason for an increase of inequality. A major reason why inequality increased is due to change between technology expansion and education. As technology involved, jobs for middle and lower levels of education decreased. However, it also increased new jobs. In addition, these new jobs required higher levels of education.…