This article by Julia Limitone describes the state of our current economy and what some economic advisors are expecting for the future. While a few have a negative outlook, some believe the United States economy is doing incredibly well under the circumstances.…
With unreliable data and few resources to gain evidence of a faulty system; American politicians sometimes turn a blind eye or demean the importance of the issue. Obviously unemployment and economic deterioration are serious problems, but they are problems that would be further eased by addressing the current, historic, and growing imbalance in income inequality. The avoidance of such a current dilemma, such as the enormous gap of income, is an issue itself. For the problem to start resolving itself, we must bring the issue into the spotlight to be addressed by the officials who run our country. Income inequality, by contrast, is getting worse over time. Doesn’t it make more sense to focus attention on the problem that’s getting worse rather than all the problems—unemployment, the deficit, limited opportunity—that are not? But in turn, they could be resolved with addressing the prevalent income gap. (Noah 368)…
Income inequality is a grand challenge and is at the base of many other grand challenges. For example, with income inequality some supplementary troubles may be inadequate health care, lack of quality education and homelessness. Furthermore, reports have shown that that the income inequality has widened since the recession. Income inequality affects everyone, especially minorities. One believes that this is part of the problem in society that fuels racism and classism. It creates an obvious difference between socioeconomic classes and minorities are usually in the lower earnings level of these classes. If we are to solve some of the other grand challenges one believes that income inequality is the best place to start.…
Income inequality is often associated with negative things such as decreased quality of life and a lack of social mobility. Yet, the lower classes are receiving less and less of the United States’ overall income while the top earners' share is increasing. Why? This paper will explore causes of the growing income inequality as well as possible solutions to slowing it down.…
In the United States, the top ten percent of all households own seventy-six percent of all the wealth in the country (1). Income inequality is frequently highlighted, but why is wealth inequality rarely brought to our attention? The political system has failed to deal with the problem, and the gap will only continue to grow in the future. How can we call this the land of opportunity when the bottom forty percent will most likely stay the bottom forty percent for their entire lives (1)? That is why I offer a modest proposal to overthrow the current system and establish a Utopian society built from the rubble. This Utopia, which I shall refer to as the United Socialist States of America (USSA), is going to be built around the premise of economic equity through the equal distribution of resources and knowledge. This would create a society without greed because money is the ultimate…
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.…
Income inequality means that there is no equality between people. Also, there are big differences between the rich and everyone else. This problem grows year after year. Some people become poor and other become rich. The American Dream is related to income because everyone who wants to achieve the American Dream must have a great income. Rich and poor people are all human beings, but poor people have stolen money from each other because they do not have a great experience to get money. Rich people have great experience in business because they received from his or her family, also they study in great school and university. In addition, education is one of the greatest things to have the huge income. People who study in higher education will…
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?…
In the year 2000, 133,000 people died due to poverty in the United States. Today, almost as many people die from poverty as from lung cancer (Sanders). According to recent data, individuals in the lowest-income groups and individuals in the least-educated groups, typically experience the worst health. A 2011 report prepared for Sen. Bernie Sanders reported that individuals in the highest income group are expected to live, on average, six and a half years longer than those in the lowest income group (Sanders). Americans in poverty are more likely to struggle with a wide array of health problems than other Americans.…
There are many people that have problems about income inequality. This country is filled with immigrants that are trying to use our government's programs to provide for their families. It is inevitable to change the different amount of income people make. The problem is how those earnings are dispersed and where the money is actually going to. Today, there are many changes in American society that affect your income such as where you live, technological advancements, etc. Many questions arise when discussing income inequality. How can the government equally disperse the money? Are the rich getting richer or the poor getting poorer? Who does society favor more, rich or poor? The wage gap is increasing at an alarming rate, and even though a certain amount of inequality is valuable, income inequality harms our society because it restrains upward mobility between generations, and too much income compromises the ability for the American government to give equal political voice to all of its citizens.…
“Wealth inequality can be described as the unequal distribution of assets within a population. The United States exhibits wider disparities of wealth between rich and poor than any other major developed nation,” (www.inequality.org) There are two factors that I believe contribute to the wealth gap are income and race inequalities. As the gaps widen within those two factors, the wealth gap in the United States continues to grow exponentially.…
America is supposed to be all about equality, but if you take a serious look around, you will see that there is human rights issue going on all over America; this is just one of them. Things need to be reevaluated and adjusted as things change and growth happens, America do not seem to roll with the changes very well and are stuck in a moralistic, religious, patriarchal system. In recent years, the major concerns of economic development is the study of poverty, the income distribution and growth in the less developed countries or from all over the world have been doing researches and studies on how to induce a growth in those under developed countries.…
Way back in 1776 the Declaration of Independence was ratified. The men who it signed had a vision for a new country; a place that would be ruled by democracy and somewhere that people would be able to express themselves freely. At 14, I can hardly match the experience and knowledge they had, but I can still have a vision for America. I want people to be themselves and not worry about potential hate crimes for their identity. I want my sons and daughters to grow up knowing they can do whatever they set their mind to. I want every American to be able to walk into a room and feel truly safe knowing every single person there respects them for being the person they were born to be. I want my children and grandchildren grow up in a world where the word "equal" really does mean "equal".…
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…
In today’s day in age, many different types of people have experienced or encountered some form of inequality. Whether it’s a woman not being paid the same as a man for doing the exact same job or whether it’s a gay couple not having the same legal rights as a heterosexual couple, both have experienced some form of inequality. During our last session in class, we learned about law and it’s punishments towards genocide. It is extremely vague all on its own, leaving as many loopholes you could possibly imagine as well as confusion. It’s almost impossible to tell if someone has the intention to complete a genocide act without someone saying themselves that were their intention. It might even seem that some people are more favored over others due to the lack of protection the law gives to certain groups of people.…